The Federal Government has come out swinging against viral claims making rounds on social media, describing the figures as misleading and taken out of context.
If you’ve been on Nigerian Twitter (now X) or WhatsApp in the last few days, chances are you’ve stumbled upon that eye-popping claim — that President Bola Tinubu’s administration has borrowed a jaw-dropping ₦120 trillion in just three years. The figure spread like wildfire, sparking outrage, memes, and heated arguments in every comment section from Lagos to Kaduna.
But the Presidency is now saying: not so fast.
What Exactly Is Being Claimed?
Viral posts circulating across social media platforms alleged that the Tinubu-led Federal Government racked up a staggering ₦120 trillion in debt within its first three years in office. For context, that figure is enough to make even the most financially unbothered Nigerian spit out their zobo drink in shock.
The claims spread rapidly, fuelling widespread public concern about Nigeria’s debt profile and the economic direction of the current administration.
Aso Rock Responds
The Presidency has moved swiftly to debunk the figures, describing the viral claims as false, misleading, and a distortion of facts. According to the administration, the numbers being bandied about on social media do not accurately reflect the country’s actual borrowing under President Tinubu.
Presidential spokespersons maintained that the figures were either taken out of context, misrepresented, or deliberately designed to mislead Nigerians about the state of the nation’s finances.
Why This Matters for Everyday Nigerians
Whether you’re a trader in Alaba Market, a civil servant in Abuja, or a student trying to make sense of the naira’s value — Nigeria’s debt situation affects you directly. Government borrowing influences everything from fuel prices and electricity tariffs to the cost of rice and school fees.
It is therefore understandable why such figures, accurate or not, would rattle the average Nigerian who is already navigating the pressures of a tough economy.
A Word of Caution: Verify Before You Share
This situation is a timely reminder for all of us to verify information before hitting that share button. Nigeria’s debt profile is a serious and legitimate subject of public discourse — but accurate figures matter. Misinformation, even when well-intentioned, can distort public understanding and complicate genuine accountability conversations.
Platforms like the Debt Management Office (DMO) website publish official and up-to-date data on Nigeria’s debt stock. When in doubt, go to the source.
The conversation around Nigeria’s borrowing and fiscal management remains crucial. Hold your government accountable — but do it with the facts.
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