Former Vice President Atiku Abubakar has criticised the Federal Government over what he described as excessive borrowing amid economic hardship faced by Nigerians.

Atiku made the comments in a statement issued by Phrank Shaibu, Director of Strategic Communications of the African Democratic Congress Presidential Campaign Council.

His remarks followed the latest figures released by the Debt Management Office, DMO, which put Nigeria’s total public debt at ₦166.79 trillion as of June 30, 2026.

Atiku questioned why the government continued to borrow despite increased public revenues and demanded a detailed account of Nigeria’s existing debt, new borrowings and repayments.

He also called for clarification on the composition of the current debt stock and how much represents inherited obligations, new borrowing and other changes to the country’s debt position.