Nigeria, July 30 -- The 2023 Labour Party (LP) presidential candidate, Peter Obi, has criticised President Bola Tinubu's administration over Nigeria's rising debt burden.

In a post on his X handle on Tuesday, Mr Obi, a former governor of Anambra State, said Mr Tinubu's government has been on a borrowing spree over the last two years.

On 22 July, the Nigerian Senate approved the 2025-2026 external borrowing plan of 21.5 billion dollars presented by Mr Tinubu for consideration.

Also approved by the Senate was a loan request of 15 billion Japanese Yen and a 65 million Euros grant.

The federal lawmakers also approved the issuance of Federal Government Bond of N757 billion for payment of accrued rights pension arrears as at December 2023 f...