Atiku demands explanation as Nigeria’s debt hits ₦166.79tn

Atiku Abubakar has demanded explanations from President Bola Tinubu’s administration over Nigeria’s rising public debt, accusing the government of worsening economic hardship despite increased revenues.

In a statement issued by Phrank Shaibu, Director of Strategic Communications of the ADC Presidential Campaign Council, and reported by Sahara Reporters, Atiku said public debt rose from ₦49.85 trillion in March 2023 to ₦166.79 trillion by June 30, 2026. The Debt Management Office also confirmed the latest ₦166.79 trillion figure. (Debt Management Office Nigeria)

“A government that says more money is coming in must explain why it keeps borrowing and why the people paying for its policies cannot see the promised gains,” Atiku said.

He cited rising debt-service costs and living expenses, demanding disclosure of new loans, repayments and outstanding obligations.

“Nigerians were asked to sacrifice. Fuel subsidy was removed. The naira was allowed to depreciate sharply. Electricity and transportation costs rose. Government revenues increased, yet borrowing continued,” he said.