Buhari Administration Borrowed ₦28 Trillion to Artificially Inflate Naira, Claims Political Analyst
Former presidential aide Reno Omokri has accused the Buhari administration of creating an “economic illusion” by borrowing ₦28 trillion to artificially strengthen the naira. The political analyst made these claims during a recent appearance on Channels Television.
Omokri, who previously served under ex-President Goodluck Jonathan, argued that Nigerians lived in a “fool’s Paradise” during Muhammadu Buhari’s eight-year tenure. He alleged the massive borrowing was used to manipulate currency values rather than address fundamental economic issues.
The political commentator praised current President Bola Tinubu for taking “necessary steps” to correct Nigeria’s economic foundation. Omokri suggested Tinubu’s administration is dismantling what he described as unsustainable financial policies inherited from the previous government.
The ₦28 trillion figure represents one of the largest debt accumulations in Nigeria’s history. Critics have long questioned how borrowed funds were utilized during Buhari’s presidency, particularly regarding infrastructure development and economic growth.
Omokri’s statements add to ongoing debates about Nigeria’s debt burden and currency management strategies. The country faces significant economic challenges, including inflation, unemployment, and foreign exchange shortages.
These allegations highlight growing scrutiny of previous administration’s fiscal policies. As Tinubu’s government implements economic reforms, questions about inherited debt and currency manipulation continue dominating political discourse across Nigeria.
