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FG’s Fresh N1.15 Trillion Loan Request Exposes Tinubu’s Debt Addiction, Policy Contradictions – ADC 

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By Mike Odiakose, Abuja

The African Democratic Congress (ADC) has condemned the Federal Government’s fresh approval of N1.15 trillion in domestic borrowing, accusing President Bola Ahmed Tinubu of policy inconsistency and fiscal recklessness. 

In a statement signed by the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC noted that despite Tinubu’s public claim that Nigeria had met its non-oil revenue targets—reportedly N20.59 trillion by August 2025—the administration continues to deepen the country’s debt crisis. 

Citing a report that Nigeria’s total public debt could rise to N193 trillion if all of Tinubu’s 2025 loan requests are approved, the party said the government was “borrowing against its own words” and failing to deliver meaningful relief to Nigerians still burdened by inflation and rising living costs.

According to the party, “the latest approval by the National Assembly of N1.15 trillion in fresh domestic borrowing by the APC-led Federal Government exposes the contradictions and dangerous fiscal trajectory of President Bola Ahmed Tinubu’s administration.

“Only a few months ago, the President himself declared that Nigeria had met and surpassed its non-oil revenue targets, generating N20.59 trillion in just the first eight months of 2025, a figure his media handlers and cabinet officials paraded as proof of sound economic management. 

“Not long before that, the administration also promised Nigerians that domestic borrowing would be phased out, and that revenue growth would reduce the need to mortgage the nation’s future.

“Yet here we are again, watching this government take a contradictory and irresponsible detour from its own stated policy direction.

“As recently reported, if all of President Tinubu’s loan requests for 2025 are approved and disbursed, Nigeria’s total public debt could increase by N40.61 trillion, bringing the national debt stock to a staggering N193 trillion. 

“This projection, based on verified figures from the Debt Management Office, reveals that as of June 30, 2025, Nigeria’s debt already stood at N152.4 trillion, with N80.55 trillion in domestic debt and N71.85 trillion in external liabilities.

“Let it be clearly stated: this is reckless debt accumulation wrapped in propaganda.

“A government that claims to have hit record-breaking revenue should not be borrowing. 

“A government that promised an end to domestic loans should not be submitting back-to-back loan requests totaling trillions of naira. 

“The APC-led government is suffering from a worsening case of economic policy schizophrenia, where the left hand borrows blindly while the right hand issues press statements about ‘fiscal prudence.’

“To add insult to injury, these loans are being pushed through by the APC-dominated National Assembly while everyday Nigerians are suffering from the rising cost of living. 

“The Tinubu administration claims that headline inflation has dropped to 18.02 percent, and food inflation to 16.87 percent as of September 2025. 

“Yet, in the open markets across the country, everything has become more expensive since Tinubu came into office. 

“Make no mistake, Nigerians are not experiencing statistical relief — they are experiencing economic suffocation.

“President Tinubu must come clean to the Nigerian people. You cannot claim that your house is in order while taking new loans to stop the roof from collapsing. 

“You cannot say revenue has improved and still insist on borrowing more than any administration in Nigeria’s history.

“As a responsible party, the African Democratic Congress (ADC) therefore calls on civil society organisations, the international financial community, and the Nigerian people to demand the following from President Tinubu:

“First, an immediate freeze on non-critical new loan approvals. 

“Second, a full publication of all revenue inflows and debt disbursements for 2025.


“Third, an independent verification of non-oil revenue claims. 

“Fourth, a legally binding debt ceiling to prevent this abuse of the national purse.

“Nigerians are watching as our collective future is being mortgaged. And the President must be reminded: we cannot borrow our way out of a crisis that is fuelled by economic incompetence.”

POLITICS

Labour Party Fixes May 23 for Presidential Primary

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The National Executive Council (NEC) of the Labour Party has fixed May 23 for its presidential primary.

Senior Special Adviser (Media) to the Interim National Chairman, Ken Asogwa, made this known in a statement on Wednesday in Abuja.

Asogwa said this was part of the approved timetable for the conduct of the party’s primary elections ahead of the 2027 general elections.

He said that the timetable was fixed at a statutory NEC meeting observed by the Independent National Electoral Commission (INEC).

Asogwa said the party, in compliance with the Electoral Act and INEC guidelines, also approved April 15 for submission of membership register to INEC.

He also said that the governorship, Senate, House of Representatives and House of Assembly primaries would be held on May 15.

Asogwa added that NEC ratified the actions of the party’s national leadership regarding the conduct of ward, local government and state congresses on March 26, March 28 and March 31 respectively.

According to him, the national convention has been scheduled for April 11.

“The council, which remains the highest decision-making organ of the party after the national convention, reviewed recent developments within the party.

“This included the recent unfortunate invasion of the party secretariat by hoodlums allegedly sponsored by certain rogue elements,” he said.

Asogwa said that the Board of Trustees (BOT), following a review of a report and recommendations of the Peace, Reconciliation and Disciplinary Committee, chaired by Salisu Mohammed (BOT Secretary), had suspended some members.

He said that the affected members were suspended for alleged acts of indiscipline, anti-party activities and complicity in the desecration of the party’s national secretariat:

“NEC further ratified and approved the ongoing expansion of the party’s membership register through a hybrid approach – Digital Membership Registration (e-registration) – alongside manual registration in rural communities.

“This initiative is aimed at modernising the party’s database, strengthening participatory democracy and enhancing transparency and efficiency in party administration, in line with the provisions of the Electoral Act 2026,” he said.

The media aide further stated that the Labour Party’s NEC had resolved that all existing vacancies within party structures should be filled through the appointment of interim leadership to ensure continuity in administration.

“The national leadership has been duly empowered to make such appointments, which will remain in acting capacity pending the conduct of substantive congresses in accordance with the party constitution and approved timetable.

“The council also urged members to utilise the party’s internal dispute resolution mechanisms to address grievances, thereby promoting unity and minimising internal conflicts.

“Finally, NEC welcomed the recent judgment of the Federal High Court affirming the leadership of Sen. Nenadi Usman as Interim National Chairman.

“The council passed a vote of confidence in her leadership, the Interim National Working Committee, the BOT, leadership of the NLC, leadership of the TUC and the leadership of Gov. Alex Otti,” he said.

Asogwa commended INEC for its prompt compliance with the court pronouncement.

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POLITICS

INEC Urges Mass Voter Education Ahead 2027 Poll

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‎The Independent National Electoral Commission (INEC) has called for mass education of voters ahead of the 2027 general elections.

The Resident Electoral Commissioner (REC), Obo Effanga, made the call on Monday at a meeting with members of the Directorate of Politics and Governance (DPG), Redeemed Christian Church of God (RCCG), Region 57 in Uyo.

‎Effanga said that religious institutions had a crucial role to play in shaping public opinion and mobilising the citizenry.

He said that the involvement of rigorous groups in voter education would enhance democratic participation and promote peaceful elections.

‎”We are working with a very tight election schedule and we need stakeholders to help us to sensitise the public to election procedures.

‎”We urge you to sensitise your members to conduct themselves in a manner that will promote peaceful and credible elections,” he said.

‎The REC said that the commission would soon commence revalidation of the voter register to enable it to identify the actual number of voters in the country.

The Coordinator, DPG RCCG Region 57, Akwa Ibom, Prof. Udeme Udofia, said that the visit was aimed at strengthening collaboration with INEC.

“The essence of this collaboration is to promote responsible citizenship and credible governance,” he said.

‎Udofia said that the DPG unit of the RCCG was established to provide political education on governance processes, civic responsibility and voter participation within the church.

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POLITICS

Opposition Parties  Fault APC  over Defection Claims 

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By Johnson Eyiangho, Abuja

Nigeria’s opposition political space is witnessing renewed tension and realignments as the Peoples Democratic Party (PDP) accused the ruling All Progressives Congress (APC) of orchestrating defections to weaken rival parties, while former Bayelsa State governor, Senator Henry Seriake Dickson, said widespread public frustration could trigger major political shifts ahead of the 2027 general elections.

The PDP on Monday dismissed claims by the APC that recent defections signaled the collapse of the opposition, insisting that the ruling party was using inducement and pressure to lure political office holders.

In a statement by its National Publicity Secretary, Ini Ememobong, the party described remarks attributed to the APC National Publicity Secretary, Felix Morka, as “delusional propaganda,” maintaining that defections would not translate into public support for the ruling party.

Ememobong alleged that the APC was deliberately encouraging defections to create the impression that opposition parties were weakening, even though many Nigerians remained dissatisfied with the performance of the current administration.

“For Morka, who is struggling to become a modern-day Joseph Goebbels, he should remember that delusional propaganda does not just destroy a nation but ultimately consumes its proponents,” the statement said.

According to the PDP, the ruling party’s celebration of defections was part of a calculated effort to undermine opposition politics and dominate the political landscape ahead of future elections.

The party further argued that despite what it described as “large-scale defections secured by force and inducement,” many Nigerians continued to reject the APC because of worsening economic and social conditions.

The PDP also claimed that the ruling party had struggled to mobilise genuine grassroots support, alleging that membership registration exercises in some states relied on copied databases from state empowerment programmes.

The party warned that those defending the administration of President Bola Ahmed Tinubu would eventually face judgment in the court of public opinion when the history of the period is written.

Meanwhile, former Bayelsa State Governor and Senator representing Bayelsa West, Henry Seriake Dickson, said the growing frustration among Nigerians could reshape the political landscape ahead of the 2027 general elections.

Dickson, who recently resigned from the PDP, spoke in Abuja during the unveiling of the digital membership registration portal of the Nigeria Democratic Congress (NDC), a new political platform he described as a credible alternative for Nigerians seeking change.

According to him, many citizens are increasingly dissatisfied with the current state of the country and are searching for new political options.

“Nigerians are angry with the status quo. Nigerians are not only angry, they are also hungry, and they are hungry for change. The NDC is available as the tool for effecting the change Nigerians want,” he said.

Dickson described the NDC as a fresh political movement focused on ideology, national development and inclusive participation.

He said the newly launched digital membership registration portal would modernise the party’s operations and encourage participation from Nigerians across the country and in the diaspora.

The senator also likened the emergence of the party to the biblical story of Noah’s Ark, urging Nigerians who desire genuine political transformation to join the platform early.

“We are a national party. We are a pan-Nigerian democratic movement. We are not a regional movement,” Dickson said.

Also speaking at the event, the National Chairman of the party, Senator Cleopas Moses, said the digital registration portal would make it easier for Nigerians to join the party and participate in its activities while promoting transparency and accountability.

The unveiling ceremony was attended by several party leaders and stakeholders, including the National Secretary, Ikenna Morgan Enekweizu, and state party chairmen.

Dickson’s comments and the launch of the NDC membership portal come barely weeks after he announced his resignation from the PDP, citing deepening internal crisis and poor leadership within the once-dominant opposition party.

The former governor had expressed concern that the PDP, which once generated hope and enthusiasm among Nigerians, had deteriorated significantly due to internal divisions and leadership challenges.

Analysts say the latest developments highlight growing political manoeuvring among opposition figures as parties reposition themselves ahead of the next electoral cycle.

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