The African Democratic Congress Presidential Campaign Council (ADC-PCC) has asked the National Assembly to stop approving the Tinubu administration’s loan requests automatically. It wants lawmakers to examine the terms and purpose of every borrowing.
The council warned that rising public debt without visible development could trap Nigeria in a cycle of unsustainable indebtedness. It said future generations would pay the price.
In a statement issued in Abuja on Friday, its Director of Media and Publicity, Kola Ologbondiyan, also appealed to international donors, development partners and financial institutions. He asked them to demand transparency and accountability before lending Nigeria more money.
The statement responded to Bayo Onanuga, the President’s Special Adviser on Information and Strategy. Onanuga had defended the government’s borrowing record. He argued that the key question is what the country has built with the funds, not how much it has borrowed.
The ADC-PCC called his remarks an insult to Nigerians. It said the administration has little to show for its loans.
“Let President Tinubu show Nigerians one tangible project his administration has delivered with its trillions of naira in loans, beyond the solar farm in the Presidential Villa,” the statement said.
The council added that history would not forgive the 10th National Assembly if it stood by while the country sank deeper into debt.
It also accused the government of relying on publicity to project progress. According to the council, major infrastructure projects remain unfinished or have barely moved. It named the Lagos-Calabar Coastal Highway, the Sokoto-Badagry Superhighway and the Trans-Sahara Superhighway. It also criticised the slow pace of work on the Abuja-Kaduna-Kano Highway, which was awarded several years ago.
Furthermore, the ADC-PCC said projects inherited from the late President Muhammadu Buhari should not be passed off as Tinubu’s achievements.
The council also pointed to hunger, insecurity, poverty and deprivation as signs of poor performance. It said borrowing could be justified if it improved living conditions, built working infrastructure and created economic opportunities. However, it insisted that debts whose proceeds cannot be accounted for should not be left to future generations.
