Nigeria’s Debt Controversy: Reno Omokri Accuses Peter Obi of Spreading False Information That Scares Away Foreign Investors

Popular social commentator and former presidential aide, Reno Omokri, has strongly condemned Labour Party’s 2023 presidential candidate, Mr. Peter Obi, for allegedly making misleading statements about Nigeria’s current debt profile under President Bola Tinubu’s administration.

During an appearance on Channels

 Television on Wednesday, July 9, 2025, Omokri described Peter Obi’s recent claims about Nigeria’s borrowing as completely false and highly dangerous to the nation’s economy. According to him, such inaccurate declarations are already causing serious concern among foreign investors, with some reportedly reconsidering new investments or even planning to pull out existing ones from Nigeria.

“Peter Obi told blatant lies about Nigeria’s debt. Foreign investors and international financial institutions closely monitor these interviews and base their decisions on the information presented. Right now, because of the falsehoods he spread, some investors are either halting plans to invest in Nigeria or thinking of exiting the market entirely,” Omokri stated.

The main point of contention is Peter Obi’s recent assertion that President Tinubu has borrowed more money in just two years than the combined administrations of late President Umaru Yar’Adua, Goodluck Jonathan, and Muhammadu Buhari over their 16 years in office. Reno Omokri called this claim “factually incorrect and economically damaging,” stressing that spreading such misinformation harms Nigeria’s reputation in the global investment community.

This public exchange has reignited debates around Nigeria’s debt sustainability, transparency in governance, investor confidence, and the role of opposition figures in shaping international perception of the Nigerian economy in 2025.