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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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House of Reps Denies Allegations Against UBEC Boss Amid Media Reports

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The House of Representatives Committee on Basic Education has officially denied media reports suggesting that it filed a petition against the Executive Secretary of the Universal Basic Education Commission (UBEC), Dr. Aisha Garba Haruna. The committee described the claims as false, misleading, and a distortion of recent legislative activities.

Speaking at a press briefing on Monday, the committee chairman, Hon. Mark Useni, clarified that no petition had been filed against Dr. Haruna. He emphasized that the recent legislative retreat held in Lagos from July 17 to 20 was strictly focused on reviewing and amending the Universal Basic Education (UBE) Act, not on investigating any individual.

“We want to set the record straight—there was no move against Dr. Aisha Garba Haruna. She is carrying out her responsibilities as expected. The retreat was purely legislative,” Hon. Useni stated.

This clarification comes after reports emerged alleging that the committee had taken steps to investigate financial mismanagement within UBEC. The reports sparked widespread debate, especially given the commission’s prominent role in Nigeria’s basic education sector.

According to Hon. Useni, the misinformation may be politically motivated and aimed at discrediting Dr. Haruna’s ongoing efforts to reform and strengthen public education in the country. Under her leadership, UBEC has launched several projects focused on infrastructure development, teacher training, and improving access to quality education, particularly in rural communities.

While the House committee has moved to put the issue to rest, some stakeholders still demand greater transparency and accountability within UBEC. However, the committee insists there is currently no evidence warranting any probe or petition against the Executive Secretary.

As Nigeria continues to prioritize education reforms, it remains crucial that public discourse is based on facts, not politically driven narratives.


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