Tinubu spends 11 times more on debt servicing than projects — Peter Obi

The presidential candidate of the Nigeria Democratic Congress, NDC, Peter Obi, has criticised President Bola Tinubu’s economic policies, claiming the Federal Government spends about 11 times more on debt interest than on capital projects.
Obi made the claim in a statement posted on X while reacting to a World Bank report on Nigeria’s economic performance.
He cited figures showing that the Federal Government spent N7.7 trillion on debt interest between January and June 2026, compared with revenue of N6.2 trillion during the same period.
Obi wrote, “In comparison, the APC-led Federal Government spends about 11 times more on interest payment than on capital projects.”
“How do you exp...