Former Vice President Atiku Abubakar criticises President Bola Tinubu’s administration over a reported rise in domestic borrowing to N24.7 trillion. In separate reporting, Atiku’s media team frames the borrowing as harmful, arguing it is “choking” Nigerian businesses.
Both outlets link the criticism to the current economic backdrop, noting that oil prices are nearing $100 and that government revenues are rising. Atiku questions the rationale for continuing to borrow at a high level despite improved pricing conditions and higher receipts. He also suggests the approach is economically inconsistent, contending Nigeria should not rely on borrowing when more revenue is available.
The two sources largely align on the core claim—borrowing reaching N24.7tn and Atiku’s criticism of Tinubu—while focusing on different emphases. One outlet highlights Atiku’s broader alarm about the borrowing “appetite,” while the other foregrounds the impact on businesses. Neither source details a government response or provides additional figures beyond the stated borrowing figure and the referenced oil-price context.
