₦airaland Forum

The Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, has charged Nigeria to emulate South Africa in its borrowing patterns.

Obi gave the charge on Thursday in a post on his verified X handle, noting that borrowing itself is not a bad thing but the transparency is utilising the borrowed funds.

The former Anambra State governor described the South African pattern as what accountable borrowing should look like, noting that the purpose is clear, the projects are identifiable, and the expected benefits to citizens are measurable.

According to him, such investments directly improve living conditions, enhance productivity, and stimulate economic growth.

“I have consistently maintained that borrowing, in itself, is not a bad thing. Every nation borrows. The critical issue is not the act of borrowing, but what the borrowed funds are used for and whether citizens can clearly see and measure the impact of such borrowing in their daily lives.

There is a lot to learn in the open and transparent manner in which South Africa handled its recently secured $1 billion loan from the New Development Bank, with a clearly defined purpose.

“This is indeed what accountable borrowing should look like; the purpose is clear, the projects are identifiable, and the expected benefits to citizens are measurable. Such investments directly improve living conditions, enhance productivity, and stimulate economic growth.

In Nigeria, however, the opposite is the case: public debt has risen dramatically under the current administration, and its deployment is shrouded in secrecy from the people who will indeed pay back the loan. Today, our total public debt has increased from about ₦87 trillion in 2023 to nearly N200 trillion.

Yet, despite this unprecedented accumulation of debt, Nigerians are often left without a clear and detailed account of how these borrowings are being deployed to improve critical sectors such as education, healthcare, power, security, and infrastructure.

“Borrowing must never become an end in itself. Every loan obtained in the name of the Nigerian people must be tied to specific, productive investments capable of generating economic value, creating jobs, reducing poverty, and improving the welfare of citizens.

Good governance demands transparency and accountability. The government must be able to clearly explain what was borrowed, where it was invested, and what measurable outcomes have been achieved. The ordinary Nigerian should be able to see and feel the benefits of every debt incurred on their behalf.

At a time when millions of Nigerians are struggling with rising costs of living, unemployment, insecurity, and declining purchasing power, fiscal discipline and prudent management of public resources are no longer optional; they are imperative.

“Every borrowing decision should answer one simple question: How does this improve the life of the ordinary Nigerian ?

If that question cannot be convincingly answered, then we risk merely transferring today’s burdens to future generations,” he wrote.

brain54:
Copy master aka copy cat...


Can't be make his points without copying from anywhere?


His own is to copy from any and everywhere. Never a tailor made solution or independently thought out solution.


Reminds me of my secondary school class mate chinedu that copied someone's examination answers inside out and even copied the person's name as well.


Teacher came to class and read out the copied scripts making the class erupt into uncontrollable laughter to the embarrassment of chinedu.


Ask obi how do we solve insecurity, oh let's copy from Singapore. How do we solve poverty... oh we copy from Egypt. How do we solve energy problem... see how it's done in Mars.



Copy and paste. With no single input!

Flangelo12:
Obi is not a thought leader.

Quite shameful.

SeeWahala:
Tilumbu is your most thoughtful leader abi

So shameless 😏

Flangelo12:
Obi 3rd class.

Peter Obi is an exceptional leader, I learn from him -- Wike pic.twitter.com/Rfbf5vyLlV

— Obitrize (@Obitrize_042) June 18, 2026

Same man is recounting what he said about subsidies today 😆

Governance is easy on paper till decisions are taken pic.twitter.com/4IzAj2CjKn

— Akitiolu 🇳🇬 🍦 (@Alpha_Yom) June 18, 2026

“Who Peter Obi help, Peter Obi should go to hell and burn to ashes.”

— Igbo Obidients

Take a good look at those accounts. The Obidient agenda isn’t about Nigeria, it’s about fighting the Yorubas. pic.twitter.com/I8wESmIaEP

— High Chief Lawrence Igbins Okoro (@HighChiefOkoro) June 19, 2026

This is Dhaka, the capital of Bangladesh is the most polluted country on earth. Breathing in the city is like smoking 25 cigarettes daily. The air, food, water are all polluted.

Is this what Peter Obi is comparing Nigeria to?pic.twitter.com/3jS3PG4ZCQ

— Senior Pastor Okezie James Atañi (@Onsogbu) June 19, 2026

LibertyRep:
How far with Argentina and Venezuela models being touted sometimes ago.

Argentina is successfully stabilizing its economy through aggressive fiscal austerity, deregulation, and trade liberalization. These policies have transformed the country's macroeconomic profile and set it on a path to recovery.

1. Achieving Fiscal Balance
Budget Surpluses:
The government has eliminated chronic fiscal deficits, recording budget surpluses through strict spending cuts.

State Downsizing: This was achieved by drastically reducing government spending, abolishing redundant agencies, merging ministries, and reducing public sector employment.

Market Confidence: Restoring fiscal discipline has significantly lowered the JP Morgan country-risk index, reflecting improved global confidence in the nation's financial standing.

2. Taming Inflation
Crashing Inflation Rates: Argentina inherited the highest inflation rate in the world at over 200% in 2023. That rate has since dropped dramatically to roughly 30%, the lowest level seen in years.

Monetary Discipline: By closing the monetary spigots and ceasing the printing of pesos to fund state deficits, the central bank has stabilized the national currency and begun rebuilding foreign currency reserves.

3. Economic Deregulation
Cutting Red Tape: Sweeping emergency decrees and structural reforms have deregulated key industries, reducing state intervention and monopolies.

Sector Growth: This liberalization has opened up major opportunities for private investment, particularly in the booming energy sector (such as the Vaca Muerta shale reserves), mining, and agriculture.

4. Opening Trade

Tax Relief: The government has slashed export taxes and taken steps to liberalize foreign trade.Integration:

Favorable support for free trade agreements (like the Mercosur-European Union deal) is aimed at better integrating Argentina into the global market.


These bold financial and structural maneuvers are helping the economy return to growth, with independent and international institutions forecasting an economic expansion

brain54:
Copy master aka copy cat...


Can't be make his points without copying from anywhere?


His own is to copy from any and everywhere. Never a tailor made solution or independently thought out solution.


Reminds me of my secondary school class mate chinedu that copied someone's examination answers inside out and even copied the person's name as well.


Teacher came to class and read out the copied scripts making the class erupt into uncontrollable laughter to the embarrassment of chinedu.


Ask obi how do we solve insecurity, oh let's copy from Singapore. How do we solve poverty... oh we copy from Egypt. How do we solve energy problem... see how it's done in Mars.



Copy and paste. With no single input!

brain54:
Copy master aka copy cat...


Can't be make his points without copying from anywhere?


His own is to copy from any and everywhere. Never a tailor made solution or independently thought out solution.


Reminds me of my secondary school class mate chinedu that copied someone's examination answers inside out and even copied the person's name as well.


Teacher came to class and read out the copied scripts making the class erupt into uncontrollable laughter to the embarrassment of chinedu.


Ask obi how do we solve insecurity, oh let's copy from Singapore. How do we solve poverty... oh we copy from Egypt. How do we solve energy problem... see how it's done in Mars.



Copy and paste. With no single input!

Image123:
This two faced man should keep quiet. When Osinbande debated him in 2019, he said subsidy should go immediately instead of bit by bit or phases. The other times, he asked us to be like Argentina and Egypt. He builds hypocritical arguments on how other countries are smaller than Nigeria forgetting that Lagos is the smallest state in Nigeria and was managed by Tinubu who turned it to another country in Nigeria. Today, he and his family live in Lagos.

Same man is recounting what he said about subsidies today 😆

Governance is easy on paper till decisions are taken pic.twitter.com/4IzAj2CjKn

— Akitiolu 🇳🇬 🍦 (@Alpha_Yom) June 18, 2026

Flangelo12:
Obi 3rd class.

Flangelo12:
Obi is not a thought leader.

Quite shameful.

brain54:
Copy master aka copy cat...


Can't be make his points without copying from anywhere?


His own is to copy from any and everywhere. Never a tailor made solution or independently thought out solution.


Reminds me of my secondary school class mate chinedu that copied someone's examination answers inside out and even copied the person's name as well.


Teacher came to class and read out the copied scripts making the class erupt into uncontrollable laughter to the embarrassment of chinedu.


Ask obi how do we solve insecurity, oh let's copy from Singapore. How do we solve poverty... oh we copy from Egypt. How do we solve energy problem... see how it's done in Mars.



Copy and paste. With no single input!

PlasmaTV:
At least, he can string together coherent sentences. Same can't be said for Tinubu, your lord and Messiah. Sorry.

bigwig071:
one can always copy from the best...

brain54:
Copy master aka copy cat...


Can't be make his points without copying from anywhere?


His own is to copy from any and everywhere. Never a tailor made solution or independently thought out solution.


Reminds me of my secondary school class mate chinedu that copied someone's examination answers inside out and even copied the person's name as well.


Teacher came to class and read out the copied scripts making the class erupt into uncontrollable laughter to the embarrassment of chinedu.


Ask obi how do we solve insecurity, oh let's copy from Singapore. How do we solve poverty... oh we copy from Egypt. How do we solve energy problem... see how it's done in Mars.



Copy and paste. With no single input!

brain54:
Copy master aka copy cat...


Can't be make his points without copying from anywhere?


His own is to copy from any and everywhere. Never a tailor made solution or independently thought out solution.


Reminds me of my secondary school class mate chinedu that copied someone's examination answers inside out and even copied the person's name as well.


Teacher came to class and read out the copied scripts making the class erupt into uncontrollable laughter to the embarrassment of chinedu.


Ask obi how do we solve insecurity, oh let's copy from Singapore. How do we solve poverty... oh we copy from Egypt. How do we solve energy problem... see how it's done in Mars.



Copy and paste. With no single input!