Reno Omokri, a former presidential aide and supporter of President Bola Tinubu, claims that Nigeria’s total debt has decreased by $16 billion under Tinubu’s administration. According to Omokri, the nation’s total indebtedness stood at $113 billion when President Tinubu took office and has now been reduced to $97 billion.
“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,” Reno Omokri wrote .
However, other sources suggest different figures, stating that Nigeria’s debt reduced from $113 billion to $91.46 billion in dollar terms due to the naira’s depreciation. Additionally, Omokri had previously mentioned that the debt reduced from $108 billion to $94 billion.
Omokri credits Tinubu’s administration with reducing Nigeria’s debt.
The debt reduction is reportedly $16 billion, from $113 billion to $97 billion. Other sources suggest a debt reduction to $91.46 billion or $94 billion.
