Former presidential candidate of the Labour Party, Peter Obi, has criticised the administration of President Bola Tinubu over Nigeria’s rising debt profile, warning that the country is “heading to disaster”.
The African Democratic Congress (ADC) chieftain made the remarks on Tuesday at the party’s national convention in Abuja.
According to him, the removal of the petrol subsidy by the previous administration was intended to reduce borrowing and redirect funds towards national development.
However, he argued that the current government has increased borrowing despite maintaining the subsidy removal policy.