The Ohanaeze Ndigbo Worldwide, has dismissed reports that it advised Peter Obi to withdraw from the 2027 presidential race.
The group also refuted allegations that it urged northern leaders not to support Obi’s presidential ambition.
This was as Obi, has again, cried out at the alleged reckless borrowing by the President Bola Tinubu administration without accountability.
In a statement by its National Publicity Secretary, Dr. Ezechi Chukwu, Ohanaeze described the claims as acts of mischief by “street urchins”.
According to it, “Ohanaeze Ndigbo Worldwide has been alerted to a misleading report circulating on social media alleging that the apex Igbo body warned Mr. Peter Obi against contesting the 2027 presidential election.
“It also claimed that Ohanaeze cautioned the North against backing his candidacy. We wish to categorically state that such a mischief-driven and misleading statement did not emanate from the dignified apex Igbo body.”
It noted that the statement was the handiwork of a group he described as “clandestine starving street urchins who parade a phantom, ludicrous brown-envelope Ohanaeze, with POS as their address.”
He emphasised that Ohanaeze Ndigbo, under the leadership of credible figures such as Senator John Azuta Mbata (President-General), Prince Okey Nwadinobi (Deputy President-General), and Emeka Sibeudu (Secretary-General), could not have issued such an ‘ignominious’
“Ohanaeze Ndigbo is committed to the wellbeing of the Igbo nation and national development through justice, fairness, and equity. We remain non-partisan and have not taken any position on the 2027 presidential election or endorsed any candidate.”
The group urged the media and the public to disregard statements from “incurable mercenaries unconscionably parading the Ohanaeze brand to execute the pecuniary bidding of their political paymasters.”
In a related development, Obi, has, again, cried out at the alleged reckless borrowing by the Tinubu administration without accountability.
In a statement by his media aide, Ibrahim Umar, Obi said by the latest loan approval by the Nigerian Senate for another external borrowing of $21 billion, €2.2 billion, ¥15 billion for the 2025–2026 fiscal cycle, Nigeria’s debt now stood at N187 trillion with fear that it might climb to N200 trillion before the end of the year.
Writing on his X handle, Obi said, “On July 22, 2025, the Nigerian Senate approved an additional $21 billion, €2.2 billion, ¥15 billion of external borrowing for the 2025–2026 fiscal cycle. It also approved a N750.98 billion domestic bond issuance and a €65 65million grant.
“With an already existing public debt of about N149.39 trillion as at the first quarter of 2025, adding the approved loans of about N37.2 trillion) brings our current total debt to about N187 trillion with concerns that our debt might likely be over N200 trillion by the end of 2025.
“As our GDP before rebasing was about N269.2 trillion (about $180 billion), the government has borrowed the equivalent of nearly 70% of our previous GDP. Even after the rebasing, which pushed our GDP to about N372.8 trillion (about $243. 7billion), the government would have borrowed about 50.16 % of the new GDP (with the approved loans), the highest debt-to-GDP ratio in our history as a nation.
“While the year-on-year increase is about N27.72 trillion and the quarter-on-quarter increase is about N4.72 trillion, we are accumulating very exponential levels of unsustainable debt with little or nothing to show for it in critical areas such as education, healthcare, electricity generation, security of lives and property, and pulling people out of poverty.
“We still rank low in all major human development indicators. While education is underfunded and standard in continuous decline, healthcare remains inaccessible to millions of Nigerians particularly the poor.
‘’Security of lives and property has deteriorated with over 10,217 people killed and 672 villages sacked between May 29th 2023, and May 29th 2025, even when security spending has significantly increased from N2.98 trillion in 2023 to N4.91 trillion in 2025.
‘’Infrastructure decay persists across the country, with about 135,000km of our 195,000km of roads remaining unpaved, largely unmotorable, and unusable. It is the same depressing situation in almost all sectors of the economy, with the power sector an unquestionable example, with less than 5,000 MW supplied for over 200 million Nigerians.
“Today, over two years after the present government took over and with all the humongous borrowing, we are still confronted with negative reports of worsening poverty with about 133 million (63%) Nigerians classified as multi-dimensionally poor, increasing unemployment and disheartening news like 652 children dead as the malnutrition crisis worsens in Northern Nigeria.
“Médecins Sans Frontières (MSF), also known as Doctors Without Borders, has just sounded the alarm over an escalating malnutrition crisis in Northern Nigeria, with Katsina State emerging as one of the worst-hit areas.
“This is a country blessed with enormous resources, yet nobody should go to bed hungry. Still, a persistent deficiency in leadership has thrown the majority of our citizens into increasing multi-dimensional poverty.
“Borrowing is not inherently bad if it is sustainable and tied to productive investments with measurable outcomes. Unfortunately, this current pattern of borrowing without accountability, without transparency, and without transformational impact is simply mortgaging the future of our children.
‘’The government should consider the inter-generational consequences of their unsustainable borrowings and show at least a minimum consideration and interest in future of young and unborn Nigerians.
“We must return to a disciplined and prudent economic management culture, cutting the cost of governance, blocking leakages, investing in human capital, and building a productive economy. Nigeria cannot continue to borrow recklessly while poverty deepens and public trust erodes.
“It is time to stop this fiscal indiscipline. We must build a New Nigeria, where leadership is responsible, development is people-centred, and every kobo borrowed or spent delivers a measurable
impact to achieve sustainable and inclusive development and growth,” Obi stated.
Chuks Okocha
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