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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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Wike Under Fire Over Alleged Multi-Billion Naira Land Allocations in Abuja

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Fresh allegations of abuse of office have surfaced against Nigeria’s Minister of the Federal Capital Territory (FCT), Nyesom Wike, following leaked documents exposing a series of controversial land allocations in Abuja. According to an investigation by Sahara Reporters, Wike approved at least 33 prime plots of land on July 16, 2025, most of which were reportedly awarded to close relatives, loyalists, and political allies.

Among the beneficiaries of these luxurious land parcels is Wike’s 90-year-old father, alongside siblings, nephews, nieces, and associates. The documents show that many of the plots, some located in premium areas of the capital, are valued at over ₦400 million each, potentially totaling billions of naira in public assets.

Critics argue that this large-scale land distribution lacks transparency and raises serious concerns about conflict of interest and misappropriation. The revelation has sparked widespread outrage on social media, with Nigerians questioning how public resources are being allocated under the guise of ministerial discretion.

Civil society organizations are already calling on the Economic and Financial Crimes Commission (EFCC) and the Code of Conduct Bureau (CCB) to immediately investigate the scandal. "This is not just a matter of poor judgment," one Abuja-based activist said. "This is a textbook case of power being used to enrich family and friends."

So far, the FCT Minister has not publicly responded to the allegations. However, pressure continues to mount, with many warning that such actions, if unchecked, will further damage public trust in the Tinubu administration.

As Nigeria battles economic hardship, inflation, and widespread unemployment, critics say the misuse of public land for personal gain is an insult to the suffering masses.


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Benin Republic, Niger enjoy smuggled fuel as Nigerians keep vigil at petrol stations

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