The African Democratic Congress (ADC) has strongly criticized President Bola Tinubu’s administration for seeking fresh domestic borrowing. This comes despite claims that the government met or surpassed non-oil revenue targets. Following the National Assembly’s approval of a new ₦1.15 trillion loan, the opposition described the move as “reckless debt accumulation wrapped in propaganda.”
ADC warns of debt risks
The party argued that a government claiming “record-breaking revenue” should not need additional borrowing. Moreover, ADC said continuous borrowing exposes a contradiction in the administration’s fiscal policy. It also sets a dangerous trajectory for Nigeria’s debt profile.
The opposition warned that if all loan requests for 2025 are approved, Nigeria’s public debt could approach nearly ₦200 trillion. As a result, fiscal sustainability may face serious risks if the trend continues unchecked.
Demand for transparency and fiscal discipline
The ADC demanded that President Tinubu “come clean to the Nigerian people.” The party accused the government of misleading the public with false revenue claims. Additionally, they called for a freeze on non-critical loans. They also urged full public disclosure of all revenue inflows and disbursements to ensure transparency and accountability.
Conclusion
In summary, the ADC stressed that immediate fiscal discipline is necessary. Failure to act could worsen Nigeria’s debt situation and undermine public trust in government financial management.
