Politics

ADC Slams Tinubu Over Mounting Debts, Demands Audit

Published

10 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

2027: NDC Unveils Electoral Committee Members For Primaries

Published

1 hour ago

May 28, 2026

Editor

The Nigeria Democratic Congress, NDC, has released list of Electoral Committee Members to Conduct primary election.

The exercise is for State House of Assembly, House of Representatives, Senate, Governorship and Presidential Primaries across all States in Nigeria and the FCT.

This was contained in a statement posted on its verified X handle on Thursday.

The party had provided updates concerning its upcoming Presidential, National Assembly, Governorship, and State Assembly primaries.

According to the party’s National Chairman, Moses Cleopas,
and Barr. Ikenna Alex-Morgan Enekweizu, National Secretary, the primaries are confirmed to take place across the nation on May 29, 2026, adhering to the previously established timetable of May 28 and 29.

Politics

APC: Fubara Has Been Treated Badly, It’s Dangerous For Tinubu – Otubanjo

Published

1 hour ago

May 28, 2026

Editor

The director of research at the Nigerian Institute of International Affairs, Femi Otubanjo, has said the treatment of Rivers State Governor, Siminalayi Fubara, in the just concluded All Progressives Congress’, APC, primary poses political danger to President Bola Tinubu.

Otubanjo stated this on Thursday while speaking on Arise Television’s Morning Show, where he also criticised the role being played by the Minister of the Federal Capital Territory, Nyesom Wike, in the political affairs of Rivers State and the All Progressives Congress.

According to him, the handling of Fubara’s political crisis remains one of the most surprising developments in Nigeria’s political landscape.

Otubanjo further argued that Wike, who is not a member of the APC, appears to be dictating political activities within the ruling party in Rivers State.The research director warned that the current political arrangement in Rivers State could negatively affect Tinubu politically, insisting that Wike was pursuing his personal agenda rather than that of the president.

He said: “The treatment of Fubara must be one of the American wonders of Nigerian politics. Fubara has been badly treated. We have a situation in which Nyesom Wike who is not even in the APC is taking the primary decision in the APC. I hope the tactical team of President Bola Tinubu is not sleeping.

“The reality is that what they have done is very dangerous for Tinubu. What has emerged in Rivers today is that Wike is pursuing his own agenda, not Tinubu’s agenda inspite of PBAT and all of that combination.”

“If Wike really wants to pursue Tinubu’s agenda, he must retain Fubara.”

Politics

In Defence Of Khalifa Jarrett Tenebe: The Generational Shift Reshaping Edo Politics

Published

21 hours ago

May 27, 2026

Editor

By DAN Osa-Ogbegie

For decades, Edo politics remained trapped within a narrow and predictable cycle of political recycling. The same ageing actors moved endlessly from one office to another, from one administration to the next, and from one political alignment to another, as though leadership in Edo State had become the exclusive inheritance of a permanent political aristocracy.

Meanwhile, thousands of intelligent, energetic, and capable young Edo people watched helplessly from the margins while opportunities for leadership, governance, party administration, and public service remained tightly controlled by individuals whose political relevance dated back several decades.

That unhealthy political culture is now gradually changing.

Today, one of the most important political transformations taking place within the All Progressives Congress in Edo State is the deliberate transition from recycled political gerontocracy to a younger generation of political actors. That transition is unfolding under the leadership of Senator Monday Okpebholo, Governor of Edo State and Leader of the APC in Edo State, together with the State Chairman of the party, Khalifa Jarrett Tenebe.

Predictably, such a shift has unsettled entrenched interests.

Those who became accustomed to monopolising political relevance naturally feel threatened by the emergence of a younger generation that is increasingly assertive, visible, influential, and institutionally empowered. Yet, history teaches a simple lesson: no political structure survives indefinitely without renewal.

No serious political party can continue recycling the same exhausted political machinery forever while expecting innovation, grassroots energy, modern governance ideas, and long-term political sustainability.

That reality appears to be clearly understood by Governor Monday Okpebholo and Khalifa Jarrett Tenebe.

Much of the criticism unfairly directed at Khalifa Jarrett Tenebe in recent times stems from the fact that he has become one of the visible faces of this generational transition within Edo APC. Beneath the noise, propaganda, and political bitterness lies an undeniable truth: the party is consciously opening spaces for younger people in ways not seen for many years.

From the youthful Deputy Chairman of APC in Edo State, Sylvester Aigboboh, to several younger commissioners, Special Advisers, members of the State Executive Council, board chairmen, local government administrators, and strategic appointees across government, the evidence of deliberate political renewal is becoming increasingly impossible to ignore.

In Uhunmwode Local Government Area, Hon. Austin Imafidon has emerged as one of the young faces of focused governance and grassroots administration. Beyond politics, he has already established himself successfully in business, bringing into governance the mindset of productivity, enterprise, and modern administrative engagement.

In Etsako, Hon. Sunny Ekpeson has continued to attract national attention as the youngest ALGON Chairman in Nigeria, representing a clear departure from the era where local government leadership was treated as the permanent preserve of ageing political operators disconnected from younger demographics.

In Ikpoba-Okha Local Government Area, Hon. Eric Osawaru represents another example of the younger political generation now entrusted with leadership responsibilities, while in Oredo Local Government Area, Engr. Gabriel Iduseri equally reflects the growing confidence being reposed in younger administrators within the APC structure.

In Owan, Hon. Aitalegbe Ernest, popularly known as “China Boy,” has also emerged as one of the prominent young political figures gaining traction as the incoming Chairman of the local government, further reinforcing the expanding generational transition currently taking shape across Edo State.

The same pattern is visible across government institutions and strategic agencies.

Pastor Stanley Dave Ighodaro, a successful entrepreneur with thriving business interests in Europe, now heads the Edo State Parks and Gardens Agency. His emergence reflects an increasingly important shift towards bringing professionally exposed and globally minded younger individuals into governance and public administration.

Similarly, Kassim Otono, who serves as Special Adviser on Oil and Gas to the Executive Governor of Edo State, represents another example of younger technocratic involvement within the present administration. His inclusion within such a strategic sector underscores the growing confidence being placed in younger professionals and politically aware technocrats within government.

This is how enduring institutions are built.

A political party that refuses to regenerate itself eventually becomes intellectually stagnant, structurally weak, and electorally disconnected from evolving social realities.

Governor Monday Okpebholo deserves commendation for recognising that governance in a rapidly changing society cannot remain permanently tied to political methods and leadership assumptions developed several decades ago. Contemporary governance demands adaptability, technological awareness, stronger grassroots engagement, administrative energy, and a deeper connection with younger populations.

Khalifa Jarrett Tenebe equally deserves credit for helping stabilise the party while managing this difficult but necessary transition process. Generational shifts are never easy within political systems historically dominated by established interests. Resistance is inevitable. Political resentment is expected. Internal anxieties naturally emerge whenever old monopolies begin to weaken.

Leadership, however, requires courage.

The recently concluded primaries further revealed this evolving direction within the APC. The emergence of candidates such as Rt. Hon. Omoregie Ogbeide-Ihama, Osazee Igbinovia, Dr. Emmanuel Paddy Iyamu, Omosede Igbinedion, Sir Lucky Eseigbe, and Odianosen Okojie reflects a growing political philosophy that increasingly values capacity, grassroots relevance, contemporary appeal, and generational continuity.

Equally symbolic is the emergence of several young Acting Local Government Council Chairmen who are now candidates of the party in the forthcoming local government elections. That development sends a powerful message across Edo State that political participation is gradually becoming more accessible to younger people with competence, commitment, and organisational value.

For too long, many young people in Edo politics were reduced to political spectators, social media defenders, praise singers, or election-day foot soldiers while actual power remained tightly guarded elsewhere. Such a model was never sustainable.

A society that continuously sidelines its younger generation ultimately weakens its own political future.

The ongoing transition within Edo APC does not amount to hostility towards elders or experienced political actors. Experience remains valuable. Elder statesmen still possess institutional memory and political wisdom that younger actors can benefit from immensely. Mentorship, however, must never become political suffocation. Guidance must never evolve into permanent political domination.

Every generation deserves the opportunity to participate meaningfully in shaping the future it will eventually inherit.

That is precisely why the current direction of the APC leadership in Edo State deserves objective acknowledgement rather than emotional hostility.

Many of those attacking Khalifa Jarrett Tenebe today are not truly angry about party administration. Their deeper discomfort arises from the reality that political influence is gradually shifting away from old centres of control towards a newer generation of actors who may no longer depend entirely on traditional political gatekeepers for relevance or survival.

Societies evolve.

Political cultures evolve.

Leadership itself evolves.

No generation owns political power forever.

Ultimately, the future of Edo State cannot be built exclusively around recycled political veterans whose greatest political moments belong largely to the past. A forward-looking society must continuously create room for younger leadership, newer ideas, fresh administrative energy, and modern political thinking.

That future is already unfolding within the APC in Edo State.

History may eventually remember Khalifa Jarrett Tenebe and Governor Monday Okpebholo as central figures in the difficult but necessary political transition that began moving Edo away from recycled political dominance towards a broader and younger leadership culture capable of preparing the state for a different era.

Daniel Aroren Noah Osa-Ogbegie is a Benin based legal practitioner and public intellectual from Uhunmwode Local Government Area.