Connect with us

POLITICS

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

Published

on

Share

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

2027: Ahmadiyya Leader Sees Hope in Adewole Adebayo if Youths Organise

Published

on

Share

By Mike Odiakose, Abuja

The Amir and National Head of the Ahmadiyya Muslim Jama’at of Nigeria, Alatoye Abdulazeez, has urged Nigerian youths to unite politically and strategically, identifying Adewole Adebayo as a potential leader capable of driving national transformation if given collective support.

Speaking during an interview, Abdulazeez emphasized that Nigeria’s progress hinges largely on the ability of young people to organize themselves beyond tribal, religious, and financial inducements, and to rally behind credible leadership.

According to him, while several young candidates have emerged in past elections, their failure to build strong alliances allowed older political forces to maintain dominance.

He noted that the case of Adebayo, a lawyer and businessman who contested under the Social Democratic Party (SDP), presents an opportunity for a different political direction if youths can act in unity.

“If the younger generation is sure that Adewole Adebayo can deliver, they should team up with him, get things right, and encourage other youths across tribes to see themselves as one,” Abdulazeez said.

He stressed that Nigeria is currently in what he described as a “storming stage” of nationhood, where divisions along ethnic and regional lines continue to hinder development.

He warned that unless a “national norm” is established—where citizens prioritize unity over sectional interests—the country may struggle to reach its full potential.

The cleric further advised youths to avoid electoral inducement and reject divisive politics, urging them instead to focus on long-term nation-building.

“We must move from where we are to the next stage. Otherwise, we will keep moving in the same direction,” he added.

Beyond politics, Abdulazeez reiterated the Ahmadiyya motto, “Love for All, Hatred for None,” as a guiding principle for national cohesion, stressing that religion should be a force for peace rather than division.

He condemned terrorism and violence carried out in the name of religion, insisting that such acts contradict Islamic teachings.

On governance, he acknowledged efforts by President Bola Ahmed Tinubu, noting that while progress has been made in some areas, more attention is needed in critical sectors such as power and economic management.

Abdulazeez concluded with a call for collective responsibility among citizens, particularly the youth, to reshape Nigeria’s future through unity, moral discipline, and active participation in governance.

“Leadership is not just about those in office,” he said. “It is also about those who choose them.”
End

Continue Reading

POLITICS

ENSIEC Fixes 2026 Council Election Timetable Sept 26

Published

on

Share

 From Sylvia Udegbunam, Enugu

The Enugu State Independent Electoral Commission (ENSIEC) have released a revised timetable for the 2026 local government elections.

ENSIEC Chairman, Prof. Christian Ngwu, presented the updated schedule to journalists in Enugu.

Ngwu said the framework outlines activities leading to elections on Sept.

 26 and re-run polls on Oct.
10.

He explained the adjustments followed the repeal of the Electoral Act 2022 and enactment of the Electoral Act 2026.

 “The revised timetable aligns with the new law and other relevant statutes guiding elections in the state,” he said.

He recalled ENSIEC earlier issued a notice on Aug. 20, 2025 alongside an initial timetable.

According to him, party primaries will be held from Jan. 23 to May 26.

“Campaigns will begin on April 29 and end on Sept. 25, 24 hours before polling,” Ngwu added.

He said submission of nomination forms closes on May 29, while candidates’ particulars will be published on June 19.

“The final list of candidates will be released on July 27,” he stated.

Ngwu added that submission of polling agents ends on Aug. 31, while the official notice of poll comes on Sept. 11.

He confirmed elections will be held on Sept. 26, with voting from 8:00 a.m. to 3:00 p.m. using the open secret ballot system.

 “In case of inconclusive results, re-run elections will be conducted on Oct. 10,” he said.

Ngwu stressed the timetable was issued under the commission’s constitutional mandate and in compliance with the Electoral Act 2026.

Continue Reading

POLITICS

Nigeria’s Democracy Must Thrive, Obasanjo, Jonathan Declare

Published

on

Share

By David Torough, Abuja

Former Presidents Olusegun Obasanjo and Goodluck Jonathan have issued a strong call for national unity, institutional reforms, and economic transformation, warning that Nigeria’s future depends on collective responsibility and a democracy that delivers tangible results.

Both leaders, who spoke at separate high-level engagements on Thursday, converged on a common message: Nigeria stands at a critical crossroads and requires urgent, coordinated action from citizens, leaders, and institutions.

At the 6th Annual Colloquium marking the 65th birthday of Itua Ighodalo, Obasanjo stressed that no external force would fix Nigeria’s problems unless Nigerians themselves unite across divides.

Represented by Prof. Adedeji Daramola, he emphasised that nation-building is a shared duty requiring contributions from all segments of society.

“Until we come together to work and fix Nigeria, nobody will fix it for us,” Obasanjo declared, urging citizens—from grassroots traders to political elites—to take ownership of the country’s development.

He highlighted the importance of youth inclusion, describing young people as central to Nigeria’s future, and called for greater investment in technology and innovation to harness the country’s demographic advantage.

Echoing reformist sentiments, economist Eghosa Osagie advocated for increased local production, while Opeyemi Adamolekun of Enough is Enough Nigeria criticised the commercialization of politics. Technology investor Iyinoluwa Aboyeji pointed to infrastructural imbalances, noting that digital connectivity remains heavily concentrated in Lagos.

Meanwhile, at a policy convening in Abuja organised by the Goodluck Jonathan Foundation, Jonathan underscored the need to align democracy with economic growth to ensure its sustainability.

He warned that democracy, both globally and in Nigeria, faces increasing pressure from economic hardship, insecurity, and declining public trust. According to him, elections alone are insufficient without transparent institutions and policies that foster innovation and enterprise.

Jonathan raised concerns about governance effectiveness, comparing Nigeria’s democratic system with alternative models in countries like China and the United Arab Emirates, where structured leadership selection and economic progress have been notable.

Despite this, he maintained that freedom and justice remain democracy’s defining strengths, cautioning that any system that fails to uphold these values loses its legitimacy.

“Our democracy has endured, but endurance alone is not enough,” Jonathan said, stressing that economic performance is key to sustaining public confidence.

Both leaders agreed that Nigeria must not choose between democracy and development but instead ensure that both reinforce each other. They urged policymakers, civil society, and the private sector to act decisively in bridging governance gaps and delivering inclusive growth.

The convergence of views from the two former presidents reflects a growing consensus among stakeholders that Nigeria’s progress hinges on unity, accountable leadership, youth empowerment, and a democratic system capable of improving the lives of its citizens.

Continue Reading

Advertisement

Top Stories

NEWS1 day ago

Joseph Undu Bags National Safety Personality Award in Lagos

ShareBy David Torough, Abuja Award-winning Nigerian journalist and security analyst, Joseph Saater Undu, has been shortlisted for the prestigious Safety...

Uncategorized1 day ago

FG Reaffirms Commitment to ACReSAL Project at Mid-Term Review in Kaduna

ShareBy David Torough, Abuja The Federal Ministry of Water Resources and Sanitation has reaffirmed its commitment to the successful implementation...

NEWS2 days ago

Mutfwang Holds Close Door with Former State Governors

ShareFrom Jude Dangwam, Jos Plateau State Governor, Caleb Mutfwang has convened a strategic meeting with former governors of the state towards addressing the security challenges bedevilling the state. The meeting held...

SPORTS2 days ago

Lobi Stars Trim Squad to Push for Promotion

ShareThe Nigerian National League (NNL) side, Lobi Stars Football Club of Makurdi, has trimmed its squad and retained a few quality players to push for promotion to the...

Foreign News2 days ago

Pope Criticises ‘Tyrants’ Who Spend Billions on Wars after Trump Spat

SharePope Leo has criticised leaders who spend billions on wars and said the world was “being ravaged by a handful of tyrants” in unusually forceful comments during a...

Entertainment/Arts/Culture2 days ago

Nigerian Men Scared of Bold, Confident Women, Phyna Claims

ShareFormer Big Brother Naija winner, Josephine Otabor, popularly known as Phyna, has claimed that she is still single because Nigerian...

NEWS2 days ago

Residents Decry Persistent Power Outage in Abuja Community

ShareBy Raphael Atuu, Abuja Residents of Waru District in Apo, within Nigeria’s Federal Capital Territory, are raising the alarm over what they...

NEWS2 days ago

2027: Tinubu Meets Coordinators, Renews Plea for Unity, Rule of Law

ShareBy David Torough, Abuja                         President Bola Tinubu has called for unity, resilience and renewed commitment to nation-building, urging Nigerians to...

NEWS2 days ago

Gunmen Abduct 14 UTME Candidates in Benue Enroute Exams Centre

ShareFrom Attah Ede, Makurdi A wave of concern has trailed the ongoing Unified Tertiary Matriculation Examination (UTME) nationwide following the...

NEWS2 days ago

Army Honours Fallen Heroes as Brig. Gen. Braimah, Others Laid to Rest in Maiduguri

ShareFrom Muhammad Muhammad Al-amin, Maiduguri The Nigerian Army has conducted a solemn burial ceremony for Brigadier General Oseni Braimah, Captain...