News
Peter Obi Calls for Government Use of Borrowed Funds for Job Creation and Living Standards

Peter Obi, the 2023 Labour Party (LP) Presidential Candidate, has called on the Nigerian Government to utilize borrowed funds to create jobs and enhance the standard of living. Obi expressed concern over the government’s borrowing, which amounted to an alarming N121.86 billion in the first quarter. He emphasized that borrowing several trillion naira within just three months underscores the urgent need for careful and responsible financial management.
Posting on X, Obi wrote: “I have consistently maintained that borrowing is not inherently problematic, as long as it is utilized for productive purposes that drive economic growth and development.
“The recent report at the end of the first quarter indicates a significant increase in our government’s borrowing, reaching a staggering N121.86 trillion.
“This rapid accumulation of debt is alarming, and if this borrowing trend continues at the current rate, we can expect the total to surpass N150 trillion by the end of the year.
“If the borrowed funds are used for consumption or misallocated, we risk worsening our economic situation, perpetuating a cycle of debt and hindering our ability to achieve sustainable economic growth and development.
“On the other hand, if the funds are channeled into productive endeavors such as infrastructure development, education, healthcare, and entrepreneurship, we can expect positive outcomes that benefit our economy and citizens in the long run. As I recall, the law governing borrowing is explicit, requiring detailed explanations of the intended use, timing, and other relevant parameters.
“It is essential to ensure that borrowed funds are allocated efficiently and effectively to drive economic growth, create jobs, and improve the standard of living of the majority of our citizens. I respectfully request accountability for the massive borrowings, which have burdened our nation’s future. For the sake of our children and unborn generations, transparency and good governance, a detailed breakdown of how these funds have been utilized and demonstrate their tangible impact on our country’s growth and development should be provided. In conclusion, I urge policymakers and stakeholders to exercise caution and prudence in managing our national debt, ensuring that borrowing is utilized for productive purposes that benefit our economy and citizens.
“By doing so, we can promote sustainable economic growth, development, and prosperity for all Nigerians for generations to come. Our future stability and prosperity depend on prudent management of resources. -P0”
News
US Criticizes Nigerian Governors for Spending Lavishly Despite Hardship

The United States Embassy in Nigeria has raised concerns over the reckless spending habits of several Nigerian governors, accusing them of splurging public funds on luxury projects while citizens battle economic hardship.
On Tuesday, the embassy shared a report highlighting how some state leaders are spending billions on renovating or building lavish government residences and offices, despite the widespread suffering caused by current economic policies.
The report pointed out that while President Bola Tinubu has urged Nigerians to make sacrifices and endure the economic challenges, many governors appear to be doing the opposite.
One example cited was Oyo State, where Governor Seyi Makinde’s administration approved a massive N63.4 billion to renovate the Government House, calling the current structure “an embarrassment.”
In Gombe State, among the poorest in the country, Governor Inuwa Yahaya is spending N14.9 billion on a brand-new official residence, with an additional N14.23 billion going toward a new House of Assembly complex.
Sharing the report via its official X (formerly Twitter) page, the US embassy included remarks from groups advocating for transparency and accountability, noting that this kind of excessive spending undermines public trust and deepens inequality.
News
APC Says Tinubu Has Nothing to Fear and Cannot Be Defeated in 2027 Election

The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has declared that President Bola Tinubu is in a strong position ahead of the 2027 elections and has no reason to fear any opponent.
Speaking in Abuja during a visit by the APC League of Professionals to the party’s national headquarters, Yilwatda said the APC is fully prepared to secure victory for Tinubu and all its candidates at every level, from governorship to the state and national assemblies.
He credited the Tinubu administration’s achievements under the Renewed Hope Agenda as a key reason for the president’s growing support. Yilwatda highlighted initiatives such as the student loan programme, which he said has made higher education more accessible to children from poor families.
“For the first time in Nigeria’s history, the poorest child can now go to school without borrowing from anyone. That opportunity has been created by this government,” he said. He also pointed to a government-backed N1.5 billion investment into the Bank of Agriculture to support young Nigerians interested in farming, saying the administration is creating real opportunities for citizens.
News
Atiku Says Opposition Coalition Is to Protect Nigeria Not Fight Tinubu

Former Vice President Atiku Abubakar has explained the reason behind the formation of the new opposition coalition led by the African Democratic Congress (ADC). According to Atiku, the coalition was created to defend Nigeria’s democracy from what he sees as growing authoritarian tendencies and the manipulation of elections under the current ruling party.
He emphasized that the alliance is not about political heavyweights like himself, Peter Obi, Rotimi Amaechi, or Nasir El-Rufai battling for the 2027 presidency, but about safeguarding the country’s democratic future.
Atiku made it clear that the movement isn’t aimed at attacking President Tinubu, but rather focused on putting Nigeria first. “This isn’t about fighting Tinubu,” he said. “It’s about protecting democracy and making sure Nigerians come first.”
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