Nigerian presidential candidate Peter Obi has called on the Federal Government to provide detailed information regarding the use of the nation’s increasing debt. Obi cited South Africa’s recent handling of a $1 billion loan as a model for transparency. He emphasized the need for accountability in how borrowed funds are allocated and utilized within Nigeria. The call comes amid growing concerns over Nigeria’s rising national debt and its potential impact on the economy. Obi, representing the Nigeria Democratic Congress, is positioning himself as a voice for fiscal responsibility ahead of the 2027 elections. He argues that public disclosure of debt utilization is crucial for maintaining public trust and ensuring effective governance. The demand highlights a broader debate about financial management and transparency within the Nigerian government.
