Buhari vs Tinubu Borrowing Claims Fact-Checked
“Buhari with subsidy barrowed 83 trillion in 8 years while Tinubu without subsidy barrowed 158 Trillion in 3 years.”
Summary
Nigeria’s total sovereign debt was around N27 trillion in 2021 and has not reached the levels claimed for either administration. The figures of N83 trillion borrowed under Buhari and N158 trillion under Tinubu are far above the actual recorded debt totals, making the statement false.
Sources 60 searched
- Nigeria bids farewell to former leader Buhari with burial in home state | Reuters
KATSINA, Nigeria, July 15 (Reuters) - Nigeria's former President Muhammad Buhari was buried on Tuesday in the backyard of his home in northern Katsina state, as residents climbed trees to bid farewell to the 82-year-old.
- India File: Iran conflict threatens sweet-spot economy | Reuters
Just when things seemed to be finally going right for the $3.8 trillion Indian economy, war has broken out between Iran and U.S.-Israel and engulfed other parts of the Middle East, bringing to the fore risks to the South Asian nation's external sector that have not been fully priced in.
- India to borrow 8.2 trillion rupees via bonds in 1H, cuts ultra-long debt supply | Reuters
India's federal government will raise 8.20 trillion rupees ($86.38 billion) through bonds between April and September, amounting to 51% of its annual borrowing plan, the finance ministry said on Friday.
- Muhammadu Buhari | The Guardian
Political outsider says says he will prove he won, after official result awarded victory to ruling party’s Bola Tinubu · Final tally not expected until middle of next week as polling system hit by significant technical problems · Vote largely peaceful in Africa’s largest economy but half of polling stations opened late due to technical issues · President Buhari condemns ‘act of terrorism’ after gunmen destroy part of prison walls in Owerri, Imo state
- Former Nigerian President Buhari, twice leader of Africa's most populous nation, dies at 82 | PBS News
Nigeria’s former president, Muhammadu Buhari, who led Nigeria twice as a military head of state and a democratic president, has died aged 82, his press secretary said Sunday.
- Nigeria’s Debt Crisis: How did we get here? - The Budgit Foundation - Nigeria Budget Transparency
The trajectory of Nigeria’s debt has changed dramatically over time. The federal government’s borrowings increased by 658% between 1999 and 2021, from N3.55 trillion to N26.91 trillion.
- IMF Executive Board Concludes 2025 Article IV Consultation with Indonesia
On January 14, 2026, the Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Indonesia. The authorities have consented to the publication of the Staff Report prepared for this consultation.
- How Nigerian economy fared under Buhari's 8-year tenure | The ICIR- Latest News, Politics, Governance, Elections, Investigation, Factcheck, Covid-19
Specifically, total exports were valued at N6.49 trillion, while total imports were N5.56 trillion, resulting in a trade surplus of N927.2 billion. Headline inflation rose from a single digit of nine per cent as of May 2015 to 22.41 per cent ...
- Sanitising the Operations of Nigeria’s Federally-Funded Constituency Projects
In 2019, Buhari said there was no tangible result from the more than N1 trillion spent on constituency projects in the previous ten years.[2] Two years later, he publicly objected to changes and additions made by the National Assembly to the ...
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