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Peter Obi Raises Alarm Over Nigeria’s Growing Debt Crisis

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Former Anambra State Governor and 2023 presidential candidate, Peter Obi , has once again voiced deep concern over Nigeria’s mounting national debt, warning that the country is edging dangerously toward a financial cliff . Obi, known for his consistent advocacy for transparency and fiscal responsibility, criticized the recent approval of massive foreign loans by the National Assembly—reportedly amounting to over $21 billion , €2.2 billion , and ¥15 billion . He emphasized that the current debt trend under the Tinubu administration is unsustainable and could leave future generations burdened with unpayable obligations. According to Obi, Nigeria’s debt has ballooned from ₦12.6 trillion in 2015 to a staggering ₦149 trillion in 2025 , a growth rate he described as "disturbing and reckless." He questioned the country’s borrowing culture, especially when there is little to show in terms of infrastructure, job creation, or improved living standards. “The government must stop li...
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🚨 Amaechi Dumps APC, Joins Opposition Coalition: “APC Has Brought Pain and Failure to Nigerians”

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In a political move that has sent shockwaves through Nigeria’s ruling party, former Minister of Transportation, Rotimi Amaechi, has officially resigned from the All Progressives Congress (APC) and declared his alliance with the opposition African Democratic Congress (ADC).

The former Rivers State governor, known for his pivotal role in bringing APC to power in 2015, submitted his resignation on July 1, 2025, citing that the party has failed Nigerians and is no longer aligned with his values. In his scathing resignation letter addressed to his local ward chairman, Amaechi described the APC as a party of “failure, pain, and anguish.”

“Nigeria is completely destroyed. People can’t eat. There is no money to buy food. Inflation is at its peak,” Amaechi lamented, pointing fingers at the leadership of President Bola Tinubu for worsening the nation’s socio-economic crisis.

The announcement came during the unveiling of ADC’s new interim executive committee in Abuja, where Amaechi, alongside other former APC stalwarts like ex-Attorney General Abubakar Malami, was welcomed as a key member of a newly formed opposition coalition ahead of the 2027 general elections.

Amaechi didn’t stop at attacking APC leadership. He also alleged that the Independent National Electoral Commission (INEC) was actively working with APC to rig the next election cycle. According to him, “INEC is helping the APC hijack the 2027 elections,” raising concerns about the transparency of the democratic process.

Presidency Fires Back

In swift reaction, the presidency and key APC figures condemned Amaechi’s defection, calling him and other defectors "desperate" and accusing them of pursuing selfish political ambition under the guise of reform. Political rivals, including FCT Minister Nyesom Wike, mocked Amaechi, insisting he would never return to power and should focus on resolving issues within his legacy.

“Amaechi is angry because he’s no longer relevant. He should accept that his time is over,” Wike fired back during a public briefing in Abuja.

What’s Next?

Amaechi’s defection is being seen as the beginning of a major realignment within Nigeria’s political landscape, especially with prominent ex-officials distancing themselves from the APC. The ADC-led opposition is preparing to challenge the dominance of the ruling party in 2027, promising to "rescue Nigeria from collapse."

Whether this coalition can win public trust and build strong grassroots momentum remains to be seen. But one thing is certain: Amaechi’s dramatic exit marks a turning point in Nigerian politics, and the road to 2027 just got more interesting.

Stay tuned to Luchiinter.Blogger.com for more trending political stories and Nigerian updates.

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