Politics
No Money Borrow Under My Government Will Be Wasted – Peter Obi


A former governor of Anambra State, Peter Obi said no money borrowed under his government will be spent on unproductive ventures.
In an interview monitored by Grassroots.ng on Arise TV, Obi criticized President Muhammadu Buhari’s borrowing while defending his ambition to turn around Nigeria’s ailing economy by 2023.
In March, the Debt Management Office said Nigeria’s indebtedness as of December 2021 was $38.39bn, with $11.97bn owed the World Bank and $3bn from China.
Economic experts such as the Nigerian Economic Summit Group have faulted Buhari’s the use of the loans sourced from bilateral and multilateral lenders.
“What did we borrow the money to do? What is more important than power generation in this country? What is more important than equipping and supporting our military to make sure we provide security? So what did we borrow the money to do?” Obi said.
He added, “I want to know. They just say it is infrastructure, I went to Abeokuta yesterday and the road is still being worked on. Since I came to Lagos, they are still working on that road.”
Obi explained that he will handle borrowing differently from the way the current government is doing.
He said, “I will do it differently. Nigerians will know the reason for borrowing and it must be borrowed for production. Nobody will spend a kobo or a dime from borrowed money for consumption.
“Instead, we will not start. That is why I have told everybody there is nothing to share again, we must rebuild this country for the future of our children.”
The current administration had defended the borrowing which it claimed was channeled into building of roads and rails.
Buhari had in 2020 defended his borrowing spree saying he borrows for infrastructure.
“We have so many challenges with infrastructure. We just have to take loans to do roads, rail and power, so that investors will find us attractive and come here to put their money,” he was quoted as telling members of the Presidential Economic Advisory Council.
Aside Nigeria’s debt quagmire, the former Anambra governor also said Nigerian banks are not doing enough to salvage the unemployment nightmare in the country.
According to him, Nigeria is not a productive economy, adding that there is no proper implementation of policies.
Nigeria is currently experiencing an unemployment level which the National Bureau of Statistics put at 33.3 per cent.
“The country is not productive. What the country is producing today is poverty. You could see from the level of unemployment.
“In 2016, 61 million Nigerians were employed, today it is only about 36 million when the actual rate of people who are supposed to be working is 120 million.”
He said the first approach to reducing the rate of unemployment is to support and fund Micro Small and Medium Enterprises.
According to him, 20 per cent to 30 per cent of government borrowing should be spent on funding youth and women SMEs.
Obi said, “You need to aggressively empower and support women in this sector. If you look at our lending today, our total bank lending is about N30trn, only about 5 per cent; N1.5trn goes to MSMEs and that is not even true. I can tell you it is below that.
“No country can survive with that. You need at least 20 to 30 per cent. Your major productive assets are the youths, they are very creative, but they lack funding and guidance.
“So you must design a proper way of funding this particular sector which should not be less than 20-30 per cent of our lending today.
“In fact, the money that you are borrowing and throwing away, 20 to 30 per cent of it should be diverted to them.”


In addressing claims of wrongdoing, a balanced and fair approach is crucial. Respect all perspectives, follow due process, and ensure transparency for truth and accountability. Stand with silenced women and demand equality in Nigeria’s political landscape.
Reject shielding the powerful and opt for justice, equality, and democracy. Support brave women like Natasha Akpoti-Uduaghan, who challenge abuse and fight for political transparency. Demand accountability and an inclusive democracy that values women’s voices.
Despite facing opposition, Natasha bravely shared her allegations, urging action. The Senate’s dismissive response raises doubts about their integrity.
It’s a widespread issue in African politics, with women facing exploitation and violence. Nigeria must address these deep-rooted problems.
Advocate for a systemic change, not just Akpabio’s resignation. Ensure women’s full participation in governance and dismantle structures enabling harassment. Nigeria must promote transparency and accountability, supporting women in politics.
Independent investigation into Natasha’s claims is crucial for transparency and accountability. Nigeria must improve its response to sexual harassment in public office, protecting women and promoting democracy. This fight for justice transcends individual interests, uniting civil society for equality and justice. How can we address the myriad of issues, thought processes, and solutions that impact our nation in Nigeria, with the aim of bolstering our democracy and ensuring that women have the rights and opportunities to be active participants in the democratic process?
To strengthen Nigeria’s democracy and empower women as active participants, it is imperative to focus on implementing robust gender equality legislation, promoting education and awareness on the importance of women’s participation, creating women empowerment programs, encouraging more women to run for political office, combatting gender-based violence, providing supportive infrastructure, and promoting positive media representation.
By addressing these key areas, Nigeria can make substantial progress towards enhancing its democracy and ensuring women have the opportunities to participate meaningfully in governance.
Through a concerted effort to address these issues and implement effective solutions, Nigeria can pave the way for a more inclusive and representative democratic landscape that empowers all citizens, regardless of gender.
Should there be a public inquiry into this matter to fully leverage the benefits of the digital age?
Let’s explore the high possibility of a public inquiry with unwavering assertiveness and investigate how embracing digital advancements can bring positive change.
Indeed, a public inquiry into this matter is necessary and essential to leverage the advantages of the digital age. It is imperative that the truth is uncovered and justice is served. The transparency and accountability provided by a public inquiry are crucial in addressing the issues at hand and ensuring that those responsible are held to account.
In this digital era, where information is readily accessible, and communication is instantaneous, a public inquiry can harness the power of technology to reach a wider audience, gather evidence efficiently, and facilitate public engagement.
It is time to embrace the digital age as a tool for positive change, and public inquiry is a vital step in leveraging technology to improve society.
Prominent in Nigeria’s political sphere, Godswill Akpabio wields power through alliances and controversial actions. Despite insensitive remarks and allegations of complicity in cover-ups, the Senate protects him.
This sends a dangerous message that women’s rights are disposable, perpetuating a culture where speaking out leads to isolation.
Sextortion, highlighted by Transparency International, hinders progress and demands a radical governance shift.
An impartial investigation into Natasha Akpoti-Uduaghan’s accusations is vital, excluding Senate influence. Nigeria must revamp its response to sexual harassment in public office, safeguarding women in governance. Civil society, advocates, and media support are crucial in this battle for justice and equality. Senator Natasha Akpoti-Uduaghan’s suspension reveals Nigeria’s dire political reality, but amid the despair, resilient voices advocate for reform across Africa.
To enhance democracy, Akpabio should step down pending an independent investigation into the harassment allegations. This action would demonstrate a commitment to transparency and accountability. Acknowledging the seriousness of the accusations and cooperating fully with the investigation would further uphold democratic integrity and ethical conduct.
Natasha Akpoti-Uduaghan can contribute to democracy by courageously speaking against harassment and demanding accountability. Engaging with the investigation, advocating for justice, and amplifying the voices of other women facing similar challenges are crucial steps. By promoting gender equality, accountability, and reforms to protect women in power, Natasha can play a key role in advancing democracy and women’s rights in Nigeria.
How can citizens and the government collaborate to bolster Nigeria’s democracy in this particular scenario? Let’s explore the roles each party can play in this critical issue.
Citizens are crucial in strengthening Nigeria’s democracy by holding government officials accountable for their actions and demanding transparency and justice. In the case of Natasha Akpoti-Uduaghan, citizens can support her by advocating for a thorough investigation into the allegations of sexual harassment and ensuring that she receives a fair outcome. They can also actively participate in civil society initiatives that promote gender equality and women’s rights, fostering a culture of respect and accountability within the political sphere.
On the government’s part, they must demonstrate a commitment to upholding the rule of law and ensuring that all citizens, regardless of gender, are treated fairly and protected from harassment and discrimination. This includes conducting thorough and impartial investigations into allegations of misconduct and implementing policies that promote gender equality and safeguard women’s rights in the workplace. By working collaboratively with citizens and civil society organisations to address systemic issues of gender-based violence and discrimination, the government can play a significant role in strengthening Nigeria’s democracy and creating a more inclusive and equitable society.
Nonetheless, when considering claims or allegations made by individuals, it is crucial to approach the situation with a balanced and fair mindset. It is important to remember that everyone is innocent until proven guilty, and all parties involved deserve the opportunity to present their side of the story and have their claims thoroughly investigated.
In the case of Natasha Akpoti-Uduaghan’s claims against Akpabio, it is essential to acknowledge and consider the potential motivations and biases of all individuals involved. Without concrete evidence or information, it is not fair to make definitive judgments or accusations about someone’s character or intentions.
It is important to uphold the principles of due process and transparency in addressing allegations of misconduct, harassment, or blackmail. This involves conducting a thorough, impartial investigation to gather all relevant facts and evidence before reaching any conclusions. Fairness and impartiality are essential in ensuring that justice is served and that the truth is ultimately revealed.
Maintaining a balanced and fair approach when evaluating claims and allegations is crucial in upholding the principles of justice and accountability. All parties involved should be given the opportunity to present their perspectives and have their claims thoroughly investigated before any definitive judgments or conclusions are made.
In conclusion, the principles of balance, fairness, and due process are crucial when navigating claims and allegations in any context. When evaluating allegations, it is essential to consider the motivations, biases, and perspectives of all parties involved. Upholding justice requires a thorough and impartial investigation that gathers all relevant facts and evidence before reaching conclusions. By maintaining a balanced and fair approach, we can uphold the integrity of our institutions, ensure accountability, and ultimately work towards a more just and equitable society.


As we find ourselves at the pivotal juncture of President Tinubu’s first term, during the midpoint where progress and potential intersect, it is imperative that we seize this moment to propel our nation forward in economic development and sustainability.
Building upon the solid foundation laid by President Tinubu, we must harness renewed energy and direction to further enhance his successes.
By boldly embracing innovative strategies, nurturing strategic partnerships, and enacting transformative policies, we can drive sustainable growth and ensure lasting prosperity for all citizens.
We can enrich our economic landscape and pave the way for enduring progress through unwavering dedication to these principles and a resolute focus on our national objectives. United in our actions and unwavering commitment to forward-looking initiatives, we can chart a course towards a more sustainable and prosperous future for Nigeria.
El-Rufai’s feeble attempt to challenge the political powerhouse that is President Bola Ahmed Tinubu is not just an exercise in futility but a stark reminder of the stark contrast between self-serving interests and authentic leadership driven by a genuine commitment to national well-being.
In a political landscape where opportunistic alliances and personal vendettas reign supreme, President Tinubu’s unwavering dedication to revitalising Nigeria’s economy and promoting sustainable development stands out as a beacon of hope. His bold reforms in agriculture, infrastructure, education, and governance have transformed the lives of millions of Nigerians and laid the foundation for sustainable economic growth and prosperity.
The establishment of the National Agricultural Development Fund, initiatives like the Dry Season Farming Initiative, and massive infrastructure projects like the Port Harcourt-Aba rail line and the Lagos-Calabar Super Highway have not only enhanced connectivity and boosted economic activity but have also created countless job opportunities and improved the standard of living for citizens across the country.
President Tinubu’s visionary leadership has prioritised education by expanding access to higher education through initiatives like the Student Loans Act 2024, ensuring that Nigeria’s youth have the tools they need to thrive in a competitive global economy. His efforts to streamline tax policies and improve the business environment have catalysed economic growth, increased government revenue, and reduced bureaucratic hurdles that hinder entrepreneurship and innovation.
In stark contrast, El-Rufai’s erratic political manoeuvring and thinly veiled attempts to undermine President Tinubu’s visionary leadership only serve to highlight his lack of credibility and vision. His shifting allegiances and disregard for the national interest in favour of personal vendettas reveal a fundamental flaw in his character and leadership style.
As Sule Lamido rightly points out, authentic leadership is not about personal ambitions or settling scores but about selfless dedication to the common good. President Tinubu’s unwavering commitment to economic development and sustainability exemplifies this principle, inspiring hope and driving progress towards a brighter future for all Nigerians.
El-Rufai’s futile attempts to challenge President Tinubu pale compared to the transformative impact of Tinubu’s visionary leadership. As Nigeria stands at a critical juncture in its journey towards sustainable development and economic prosperity, it is imperative that we rally behind leaders who prioritise the national interest above personal grievances and partisan politics. President Tinubu’s bold reforms and unwavering dedication to economic development and sustainability offer a clear path to a more prosperous and equitable future for all Nigerians.
How exactly is President Bola Ahmed Tinubu pushing for economic development and sustainability to benefit the citizens and fortify Nigeria’s democracy? Through what concerted efforts and strategic initiatives is his administration robustly working towards these goals? As we delve into the intricate details of his vision and actions, we not only gain insight into the potential impact on the lives of Nigerians but also unravel the threads that weave a more prosperous, inclusive, and democratic fabric for our nation.
President Bola Ahmed Tinubu’s unwavering commitment to economic development and sustainability is a promise and a bold and visionary agenda to transform Nigeria into a prosperous and sustainable nation. His strategic reforms and initiatives are designed to benefit every citizen and strengthen Nigeria’s democracy by fostering inclusive growth, creating job opportunities, and improving all Nigerians’ living standards.
President Tinubu’s focus on economic development is evident in his ambitious agricultural sector reforms, such as the establishment of the National Agricultural Development Fund and initiatives like the Dry Season Farming Initiative. These measures boost agricultural productivity, ensure food security, and create employment opportunities for millions of Nigerians, particularly in rural areas where poverty and unemployment are prevalent.
Furthermore, President Tinubu’s massive infrastructure projects, including the operationalization of the Port Harcourt-Aba rail line and the construction of the Lagos-Calabar Super Highway, are not just about improving transportation and connectivity but are also catalysts for economic growth and regional integration. These infrastructure projects create a conducive environment for businesses to thrive, attract investments, and stimulate economic activity, ultimately benefiting the citizens and strengthening Nigeria’s economy.
President Tinubu’s initiatives in education, such as the enactment of the Student Loans Act 2024, exemplify his commitment to empowering Nigeria’s youth and equipping them with the skills and knowledge needed to compete in the global economy. By expanding access to higher education and promoting innovation and entrepreneurship, President Tinubu is nurturing a new generation of leaders and professionals who will drive economic growth and sustainability in the future.
Moreover, President Tinubu’s efforts to streamline tax policies, improve the business environment, and reduce bureaucratic bottlenecks aim to make Nigeria more business-friendly, attract investments, and boost economic competitiveness. These reforms increase government revenue and create an enabling environment for businesses to thrive, create jobs, and contribute to economic development and sustainability.
President Tinubu’s vision for economic growth prioritises inclusive development, job creation, and sustainable infrastructure, paving the way for a prosperous and equitable future for all Nigerians. Strengthening democracy through strategic policies, his administration’s efforts reflect strides towards comprehensive progress. To sustain this momentum, anti-corruption measures must be intensified to uphold transparency and accountability, fostering public trust and efficient resource allocation. Building on past success, continued focus on governance and economic strategies will propel Nigeria towards a brighter future in 2027.
Additionally, the President must reduce unnecessary borrowing, thereby promoting fiscal sustainability. Moreover, boosting internal productivity, mainly through initiatives that prioritise Nigerians feeding Nigerians, will enhance food security, stimulate economic growth, and reduce dependency on external sources. These strategic actions and other reforms and initiatives will foster sustainable development and inclusive prosperity and enhance the administration’s chances of success in the forthcoming 2027 elections.
In conclusion, President Bola Ahmed Tinubu’s tenure has undeniably ushered in significant advancements across various sectors, setting the stage for ongoing progress and prosperity. His administration can solidify transparency, accountability, and self-sustainability by steadfastly prioritising robust anti-corruption measures, curbing unnecessary borrowing, and catalysing internal productivity. These decisive actions reinforce public confidence in the government and pave the way for a more resilient and inclusive society. As Nigeria steels itself for the challenges and opportunities that lie ahead in 2027, it is imperative that President Tinubu tenaciously pursues these vital reforms to secure a brighter and more promising future for all Nigerians.


The Peoples’ Parliament, an advocacy group dedicated to the promotion of good governance in Nigeria, has expressed profound appreciation for the transformative leadership of the Executive Governor of Abia State, Dr. Alex Chioma Otti and that of the Executive Mayor of Umunneochi Local Government Area, Chief Sunny Afurobi.
Rising from its first quarterly meeting of 2025, held at its headquarters in Lagos, the group, through its National Chairman, Chief Richard Ikpe (Nwazuoro Oha), and National Vice Chairman, Chief Kingsley Madu (Ohamadike), issued a strong statement in recognition of Governor Otti’s developmental strides in Abia State.
The group commended Governor Otti for his outstanding contributions to infrastructure, education, healthcare, youth empowerment, and civil service reforms, and acknowledged that his leadership has brought about a total transformation of Abia State, making a lasting impact on the lives of its citizens.
“Governor Otti’s administration has ushered in a new era of progress, with remarkable strides in infrastructure, education, healthcare, youth empowerment, and civil service reforms—bringing about a total transformation of Abia State,” said the group.
A special appreciation was extended to the Governor for officially commencing the construction of the 12-kilometre Ngodo-Umuaku-Mbala road project, and highlighted the significance of this development, noting that it has given the people of Umunneochi a long-awaited sense of belonging since the return of democracy in 1999.
“The commencement of the 12-kilometre Ngodo-Umuaku-Mbala road project is a historic milestone that has given the people of Umunneochi a renewed sense of belonging—something they have long awaited since the return of democracy in 1999,” the advocacy group stated.
Furthermore, the advocacy group expressed deep gratitude for the Governor’s commitment to fully reintegrating the people of Isuochi into the state by promising to repair the long-neglected Mmam Bridge.
The bridge, which has been abandoned for over half a century, holds immense importance for the border community, thus, the group emphasized that fixing the bridge will not only ease transportation challenges but will also contribute significantly to the economic and social development of the area.
“The long-neglected Mmam Bridge, abandoned for over half a century, holds immense importance for the border community—its reconstruction will not only ease transportation challenges but also serve as a catalyst for economic and social development in the area,” the group remarked.
The Peoples’ Parliament also lauded the Executive Mayor of Umunneochi LGA, Chief Sunny Afurobi, for his remarkable achievements within just three months of assuming office, and specifically acknowledged his efforts in stabilizing power supply, grading access roads, and implementing initiatives in youth empowerment, agriculture, education, sports, and entertainment.
The group praised his hands-on approach and visible results, which have brought tangible benefits to the local government area explaining why he is enjoying the support of the good people of Umunneochi.
“Mayor Afurobi’s dynamic and results-driven leadership has significantly improved power supply, road accessibility, and youth empowerment programs, earning him the overwhelming support of the good people of Umunneochi,” the group further said.
Reaffirming its commitment to the progress of Abia State, the Peoples’ Parliament pledged unwavering support for Governor Otti and Mayor Afurobi and vowed to mobilize massive support for the Governor’s re-election bid in 2027, ensuring continuity of his developmental agenda.
The group also recalled the critical role it played in facilitating the emergence of Governor Otti, both during his time in APGA and in the 2023 general election, which ultimately brought him to power. They expressed satisfaction that their trust in his leadership has been validated through his numerous achievements.
The Peoples’ Parliament concluded its meeting with a firm resolution to continue advocating for good governance and holding leaders accountable to the people. They reiterated their belief that Governor Otti and Mayor Afurobi represent the new era of responsive and transformative leadership that Abia State deserves.
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