Home Africa ‘Reckless debt accumulation’ – ADC slams Nigerian Govt over N1.15tn domestic loan

‘Reckless debt accumulation’ – ADC slams Nigerian Govt over N1.15tn domestic loan

‘Reckless debt accumulation’ – ADC slams Nigerian Govt over N1.15tn domestic loan

Rédaction Africa Links 24 with Matthew Atungwu
Published on 2025-11-13 18:19:31

The African Democratic Congress (ADC) has lashed out at the administration of President Bola Tinubu over its fresh N1.15 trillion domestic borrowing approval, accusing it of reckless debt accumulation wrapped in propaganda.

This was contained in a statement by the party’s National Publicity Secretary, Bolaji Abdullahi, on Thursday in Abuja.

The development comes barely 24 hours after the Senate approved Tinubu’s request to raise the fund from the domestic market to finance the remaining shortfall in the 2025 national budget.

According to the opposition, the borrowing contradicts Tinubu’s own claims that Nigeria had met and surpassed its non-oil revenue targets, reportedly generating N20.59 trillion in the first…

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