Omokri Accuses Peter Obi of Lying About Tinubu’s Borrowing Record

Former presidential aide, Reno Omokri, has accused Labour Party leader and opposition figure Peter Obi of spreading false information about President Bola Tinubu’s borrowing record.

In a post on X (formerly Twitter), Omokri described Obi as a “manipulative trader” and claimed the former Anambra governor lied when he said Tinubu had borrowed more than all past presidents—Obasanjo, Yar’Adua, Jonathan, and Buhari—combined.

According to Omokri, Nigeria’s debt has actually reduced in dollar terms from $108.2 billion on May 29, 2023, to $94.2 billion in 2024. He argued that Obi misled the public by converting the current debt into naira at the floated exchange rate of ₦1560/$1, creating the false impression of a debt surge.

“When President Tinubu took office, our total debt was ₦49.85 trillion. As of the end of 2024, it was ₦144.67 trillion—but that figure is based on a much weaker exchange rate. In dollar terms, our total debt has dropped by over $14 billion,” Omokri stated.

He warned that such statements by Obi could damage investor confidence in Nigeria and urged citizens to be wary of misinformation.

Omokri pledged to present “irrefutable evidence” from the Debt Management Office (DMO) on live television to support his claims.