Atiku Asks Tinubu to Explain Rising Public Debt Amid Increasing Revenues
Chuks Okocha in Abuja The presidential candidate of the African Democratic Congress (ADC) has challenged President Bola Tinubu to explain why Nigeria’s public debt rose to ₦166.79 trillion despite increased
Atiku, the presidential candidate of the African Democratic Congress (ADC), has challenged President Bola Tinubu to explain the rising public debt in Nigeria, despite increased government revenues. According to Atiku, Nigeria's public debt rose from ₦49.85 trillion in March 2023 to ₦166.79 trillion by June 2026, raising questions about why borrowing continues despite the administration's economic reforms.
Atiku urged Tinubu to provide a full reconciliation of the debt, including old obligations, exchange-rate effects, fresh loans, repayments, and outstanding balances. He also questioned the gap between official economic indicators and the rising cost of living, citing an IMF assessment that estimated poverty at 63 per cent and food insecurity affecting 27 million Nigerians.
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