Politics

ADC Slams Tinubu Over Mounting Debts, Demands Audit

Published

3 months ago

July 27, 2025

The African Democratic Congress on Sunday condemned what it described as the “fiscal vandalism” of President Bola Tinubu’s administration, following the National Assembly’s approval of an additional $21bn in foreign loans.

The party said the new borrowing spree could drive Nigeria’s public debt beyond N200trn by the end of 2025 — without any visible economic gains to show for it.

In a statement issued by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC accused Tinubu of accelerating Nigeria’s descent into a debt trap far worse than what the country experienced under his predecessor.

“What Nigerians are witnessing, following the approval of a fresh $21 billion in foreign loans, is nothing short of a calculated decision to mortgage the country’s future just to cover up the failures of today,” the party stated.

Citing official data, the ADC argued that under former President Muhammadu Buhari, the country borrowed an average of N4.7trn annually.

However, borrowing under the Tinubu administration has skyrocketed to N49.8trn per year.

“In just two years, this administration has borrowed more than ten times what Buhari borrowed in the same timeframe,” the statement said.

“At this rate, Nigeria’s total public debt will crash through N200trn before the end of the year. We are speeding toward a financial cliff, and those in charge seem to have no brakes.”

While defenders of the Tinubu government have claimed the current borrowing figures appear smaller in dollar terms—$1.7bn annually compared to Buhari’s $4.15 billion—the ADC dismissed such arguments, pointing instead to the devastating impact of currency devaluation.

“With the naira now in free fall, again thanks to this administration’s poor policy choices, these same loans are costing the country far more,” the statement read.

“When converted to naira, Tinubu’s foreign borrowing amounts to N25.5trn every year, more than Buhari’s annual average of N2.2trn.”

The opposition party claimed that since the APC assumed power in 2015, Nigeria’s public debt has ballooned from N12.6trn to over N149trn in 2025, with over $35bn borrowed from external lenders alone in the last decade.

“Our debt to the World Bank has tripled. What we owe in Eurobonds has grown eleven times over. And now, this government wants to borrow even more, pushing our foreign debt ceiling to $67bn.”

The ADC expressed concern that this growing mountain of debt has not translated into improved infrastructure or services.

“The debts have continued to mount, but infrastructures have remained poor, universities are still grossly underfunded, hospitals are still ill-equipped, and the electricity supply is as poor as ever. So, what exactly are these loans used for?” it queried.

“This is the question that Nigerians expect the National Assembly to ask. Instead, it has continued to approve these loans without asking the hard questions, without demanding a plan, and without standing up for the Nigerian people.”

The party cited data from the Association of Small Business Owners of Nigeria to further highlight the impact of excessive borrowing, saying small businesses now struggle to access credit, while investors are losing confidence and leaving the market.

“And because over 60 per cent of our national income is now used to service debt, the government is turning to ordinary Nigerian families and taxing them beyond their limits.”

The ADC also faulted the government for borrowing more even after the recent naira devaluation, arguing that such a move should ordinarily reduce the need for external loans.

Consequently, the party demanded full transparency regarding all loans taken since 2015.

“The ADC hereby demands a full disclosure of all loan agreements signed over the past ten years by the APC and the Tinubu government. Nigerians have a right to know the terms, interest rates, payment timelines, and final recipients of the loans.”

It further urged President Tinubu to end what it called “fiscal recklessness” and focus instead on meaningful economic reforms.

“We also call on President Tinubu to put an end to this fiscal recklessness and focus instead on meaningful reform by investing wisely and spending responsibly. The era of borrowing to cover policy failures must come to an end,” the statement concluded.

Efforts to get the reactions of Tinubu’s Special Adviser on Information, Bayo Onanuga and the Special Adviser to the President on Policy Communication, Daniel Bwala, were unsuccessful.

As of the time of filing this report, they could still not be reached.

Politics

FULL LIST: Borno Tops In Voter Online Pre-registrations

Published

4 days ago

October 21, 2025

Editor

Borno State has recorded the highest number of voter online pre-registrations nationwide as of Week Nine, according to newly released data from the Independent National Electoral Commission on Tuesday.

Out of a total of 8,003,196 Nigerians who completed the pre-registration process, Borno accounted for 826,130 entries, the highest figure recorded across all 36 states and the Federal Capital Territory.

Osun State follows with 646,580 pre-registrations, while Lagos is next with 604,819. Kebbi registered 581,135, slightly ahead of Kaduna, which recorded 510,490. Ogun is close behind with 510,062, and Kano comes next with 421,941. Kogi also posted high numbers, registering 361,233, while Zamfara and Yobe followed with 304,065 and 292,714, respectively.

Jigawa added 284,384 pre-registrations, with the FCT recording 228,264. Oyo followed closely with 224,713. Katsina registered 205,933, while Sokoto and Nasarawa posted 209,392 and 183,519, respectively.

Politics

Tenebe Fingers Edo APC Chieftains As Plot To Replace Him As Chair Thickens

Published

4 days ago

October 21, 2025

Editor

Plot to replace Jarrett Tenebe as State Chairman of the All Progressives Congress (APC) in Edo State is gathering momentum going by series of social media posts shared by Tenebe, as monitored by our correspondent.

It was gathered that Senator representing Edo North at the red chamber, Comrade Adams Oshiomhole, and Minister of Regional Development, Hon. Abubarkar Momoh, are not keen to support Tenebe’s re-election as Edo APC Chairman.

Tenebe’s absence at last week’s empowerment programme of Senator Oshiomhole gave credence to the cold war in Edo North APC.

However, as the plot to remove Tenebe gathered moment, the Edo APC chair, it was gathered, is fighting back following suspension of Etsako East Ward 9 Chairman of the party, Mallam Adamu Ototobor, who is a loyalist to those opposing Tenebe’s return as APC Chairman.

The cold war amongst the Edo APC bigwigs became evident when Tenebe, in series of social media posts, made allusion to the plot to replace him as Edo APC Chairman by accusing Momoh of scheming to take control of the Edo APC by working with a ‘dangerous click’.

Tenebe had said in one of his posts: “Minister of Regional Development, Hon Abubakar Momoh, I have led the party to the best of my ability, I can as well leave the party to you and your dangerous click, there is already a place in history for people like me.” (Sic)

The APC chairman further posted: “I supported you during your House of Representatives election when you were rigged out by this new click.

“If that was a crime, just know that there is a place for people like me and I know that was why I helped you.

“I encouraged people from other political parties who lost their ways to swell our fold in APC. If that’s my crime, Abubakar Momoh, I will leave the party for you and your new click, just know I am fulfilled.

“In this party, I have lent a voice to those who cannot speak; I have fought for the oppressed, possibly the reason why Momoh and his ‘usl…’ click wants me out.

“During the last local government council organised by Governor Godwin Obaseki, I traveled with my team on canoe, which could have capsized but this time, Abubakar Momoh was moving from one air condition office to his air conditioned home with his family.
“Today all is set, Jarrett is no longer capable, him and his ‘usel…’, wicked click wants me out. I will leave so that peace will reign.”

Momoh, in his reaction, said Tenebe should be allowed to exhaust himself, adding that he would not join issues with the Edo APC chairman.

Politics

Okpebholo’s Eight-year Tenure Non-negotiable, Says Commissioner

Published

4 days ago

October 21, 2025

Editor

Edo State Commissioner for Youth, Honourable Charity Amayanvbo, has said that Governor Monday Okpebholo’s eight-year leadership mandate is non-negotiable, describing his administration as one that has rekindled hope and unity among Edo people.

Amayanvbo made the statement in Benin City during a courtesy visit by Comrade Kelly Okungbowa, popularly known as Ebo Stone, founder of the Youth for Youth movement.

According to the Commissioner, both the Binis and Edo youths are solidly behind Okpebholo, whose leadership style, he said, has restored dignity to traditional institutions and reaffirmed respect for the revered Oba of Benin Kingdom.

“Governor Monday Okpebholo has restored the confidence of the people in government. He has brought back dignity to our traditional institutions and rekindled the hope of Edo youths. His eight years in office are non-negotiable,” Amayanvbo asserted.

The Youth commissioner commended the governor for what he described as “unprecedented infrastructural strides, especially in Edo South, citing major projects such as the Ramat Park Flyover, the Second Flyover at Adesuwa Road, and the ongoing statewide road rehabilitation as clear evidence of visionary leadership.”

He also lauded the governor for restoring the authority of the Benin Traditional Council and for his bold call to the Edo State House of Assembly to investigate the Mosium for West Africa (MOWA) projects — a move Amayanvbo described as “transparent and accountable governance in action.”

Comparing Okpebholo’s performance with that of his predecessor, former Governor Godwin Obaseki, Amayanvbo remarked that Okpebholo had “done what a Benin man could not achieve.”

He urged Edo youths to rally around the governor, pledging continued support for his developmental vision aimed at building a greater Edo State.

In his response, Comrade Kelly Okungbowa (Ebo Stone) hailed Hon. Amayanvbo for his fatherly leadership and reaffirmed his movement’s loyalty to the Governor.

He pledged to mobilize Edo youths to deliver a 2.5 million-vote bloc in support of both Governor Okpebholo and President Asiwaju Bola Ahmed Tinubu, assuring that the Youth for Youth movement would stand firmly behind the Governor’s “non-negotiable mandate.”