ADC blasts Tinubu over fresh loans, urges halt on non-critical borrowing

The African Democratic Congress (ADC) has condemned the Federal Government’s recent approval of N1.15 trillion in domestic borrowing.

The party called it reckless and contradictory to President Bola Ahmed Tinubu’s earlier claims about Nigeria’s revenue performance.

In a statement signed by the party’s National Publicity Secretary, Mallam Bolaji Abdullahi on Thursday, the ADC accused the Tinubu administration of deepening the country’s debt crisis despite boasting that non-oil revenue targets had been met.

The party noted that if all of President Tinubu’s 2025 loan requests are approved, Nigeria’s total public debt could rise by N40.61 trillion, bringing the national debt stock to N193 trillion.

According…