Peter Obi, presidential candidate of the Nigeria Democratic Party (NDC), has criticised the borrowing policy of President Bola Tinubu’s administration, saying Nigerians are not given enough information about how borrowed funds are spent. Obi spoke in a post on X on Thursday. The former Anambra governor said borrowing is not inherently bad. However, he argued…
Airtime borrowing in Nigeria has reached a record ₦4.6 trillion as millions of people borrowed airtime to stay connected in 2025. New figures from fintech company Optasia show that mobile users across Africa and other emerging markets borrowed $3.18 billion worth of airtime on credit last year. Using the company’s exchange rate, this amounts to…
By ALO360 Editorial Board A recent report by the Daily Trust puts Nigeria’s rising debt in simple terms: as of December 2025, the country’s total public debt of N159.28 trillion amounts to about N724,000 per Nigerian. Strip away the figures, and the implication is straightforward — the country is borrowing heavily, and the bill will…
