馃嚦馃嚞NigeriaWest Africa
Peter Obi challenges Tinubu administration's revenue claims amid rising debt and hardship
via Punch Nigeria2 min read
Peter Obi, presidential candidate of the Nigeria Democratic Congress and former Anambra State Governor, has questioned President Bola Tinubu鈥檚 administration regarding its economic management. Obi stated that despite the administration reporting a revenue increase from N16.8 trillion in 2022 to N35 trillion in 2025, Nigerians are experiencing worsening economic hardship. He highlighted that instead of reduced borrowing, Nigeria's total debt has reportedly risen to about N200 trillion, an increase of over N100 trillion in three years. Obi also claimed that key socio-economic indicators have deteriorated, with multidimensional poverty increasing from 87 million in 2023 to over 140 million in 2025, and GDP per capita declining. He called for a detailed and transparent explanation of Nigeria鈥檚 economic and financial management since 2023. The Presidency, however, dismissed these claims, stating that a significant portion of the country鈥檚 debt predated the current administration, including N20 trillion in Ways and Means debt, and that public debt figures include obligations from state governments. Special Assistant to the President on Social Media, Dada Olusegun, also noted that exchange rate fluctuations impact the naira value of external debt.
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This summary was AI-generated from a story originally published by Punch Nigeria.
Former Vice President Atiku Abubakar has criticized the Presidency for using China's legal system to defend President Bola Tinubu, arguing that this comparison has drawn more attention to past allegations against the President. Atiku, the presidential candidate of the African Democratic Congress for the 2027 election, stated that the Presidency's reference to China, known for its severe penalties for drug trafficking, was a "monumental own goal." His Senior Special Assistant on Public Communication, Phrank Shaibu, issued a statement on Saturday, asserting that the Presidency's attempt to score political points had instead subjected Tinubu to greater public scrutiny. Atiku maintained that he has never been indicted or convicted of corruption, drug-related offenses, or any criminal offense in Nigeria or abroad. He argued that if the Tinubu administration intends to use China as a benchmark for accountability, Nigerians are entitled to question how Chinese authorities would handle a case involving $460,000 forfeited to the United States Government in a civil forfeiture proceeding related to alleged narcotics trafficking and money laundering. Atiku also extended the comparison to corruption, claiming that under China's system, allegations of budget padding, abuse of office, and the creation of a fake government agency would have prompted swift official action. He further criticized the Presidency for presenting a recent response from the United States Government to Nigeria's dipl
Must ReadNura Abdullahi, the chairman of Bungudu Local Government Area in Zamfara State, was abducted from his residence early Saturday morning. The attackers killed four members of his security detail, comprising two policemen and two local vigilantes, during a gun battle. An indigene reported that the bandits, in large numbers, invaded the chairman's home, abducting him, his wife, and children. Troops of Operation FANSAN YAMMA intensified efforts to rescue the chairman. The Media Information Officer of the Joint Task Force North West, Lt. Col. Aliyu Danja, stated that troops responded to gunshots, engaging the attackers and forcing them to abandon five family members, including two children, the chairman's mother, wife, and a relative, who were subsequently rescued. However, the chairman was taken into the bushes. The attack also resulted in the death of two policemen, one local vigilante, and a civilian, with the chairman's elder brother, Alhaji Bello Umar, sustaining injuries. A coordinated search-and-rescue operation involving Operation FANSAN YAMMA, the Nigeria Police Force, the Department of State Services, and local vigilantes is underway in suspected locations to secure the chairman's rescue. The command assured the public that all measures are being taken and requested credible information to assist the operation.
Controversial Islamic cleric Ahmad Gumi has questioned why government officials have not engaged with Boko Haram and bandits in the same way past leaders negotiated with Niger Delta militants. Gumi recalled that former President Goodluck Jonathan and former Vice President Yemi Osinbajo both visited militants in the creeks to broker peace, leading to programs designed to end militancy in the region. He asked who would extend similar engagement to Boko Haram and bandits in northern Nigeria without facing public criticism. Gumi has advocated for dialogue with armed groups in the North-West and North-East, arguing that negotiation, rather than military force, was effective in the Niger Delta and should be replicated. His interventions have drawn both support and criticism, with some accusing him of legitimizing armed groups, while others credit his efforts with securing the release of kidnap victims. Gumi, a retired soldier, denies backing terrorism, stating his advocacy aims to end bloodshed through dialogue and rehabilitation. The Niger Delta amnesty program, launched in 2009, disarmed thousands of militants in exchange for training, stipends, and reintegration support, significantly reducing attacks on oil infrastructure. Jonathan's 2007 meeting with ex-militant leader Government Ekpemupolo, known as Tompolo, laid the groundwork for this program. Osinbajo also toured Niger Delta communities in 2017, engaging militants and traditional leaders, arguing that those in the creeks w