Economy and Business

Tinubu has reduced Nigeria’s debt by $16 billion, says Reno Omokri

A former presidential aide, Reno Omokri, has declared that Nigeria’s total debt has dropped by $16 billion under President Bola Tinubu.

In a post on X, Omokri said the nation’s indebtedness fell from $113 billion, inherited from former president Muhammadu Buhari, to $97 billion under Tinubu.

He cited data from the Debt Management Office (DMO) to back his claim.

His words: “President Jonathan handed over a total debt of $63 billion to General Buhari. General Buhari handed over $113 billion in debt to President Tinubu.

“President Bola Tinubu has reduced Buhari’s $113 billion debt to $97 billion. Only two civilian administrations have ever reduced Nigeria’s debt: the Obasanjo government and the Tinubu administration.”

Omokri accused opposition-linked media of misinforming the public on Nigeria’s debt profile and urged Nigerians to “focus on the truth”.

One Comment

  1. It is not gainsaying that Tinubu administration is assiduously putting right the financial wrongs of the past governments, as reflective economically, in sharp contrast to the Prez. Tinubu’s predecessors. However, candid awareness should be made to the general public to these positive effects, in order not to be negatively advantaged by the political foes and be misinformed to the general public by these economic saboteurs. Nigerians optimistically yearning and looking forward to more positive results to consolidate on the strides on ground!

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button