Fresh reactions have trailed claims by former Organised Private Sector of Nigeria (OPSN) Chairman, Dele Oye, that President Bola Ahmed Tinubu’s administration accumulated ₦65.9 trillion debt within 24 months.
According to Oye, the borrowing figure allegedly exceeds five times Nigeria’s total debt accumulated over 55 years, sparking concerns among Nigerians about the country’s rising debt profile and economic direction.
The statement quickly generated heated conversations on social media, with many Nigerians questioning how the borrowed funds are being utilized amid rising inflation, unemployment, and worsening living conditions.
Some critics accused the government of borrowing without visible improvements in infrastructure or public welfare.
“Debt keeps increasing. Nigerians are asking a simple question: what exactly are we getting in return?” one user wrote.
Another user, @DaddyE’s, alleged that the loans were not being used for developmental projects.
“Yet he’s not borrowing to create jobs or better the country, he’s borrowing to finance his lavish lifestyle and that of his family thereby drowning this country,” the comment read.
Others also questioned why many Nigerians still support the current administration despite the growing economic hardship.
“And I do not just know how people are still voting for him, how he’s still winning in the primaries like wtf is really going on with this country?” another reaction stated.
However, some supporters of the government defended the administration, insisting that the current system inherited by Tinubu was already damaged and would take time to fix.
“Don’t worry I will do better next few years, the system is damaged and fixing it from the top it will soon get to you,” a supporter commented.
