{"id":237361,"date":"2025-11-13T20:18:50","date_gmt":"2025-11-13T20:18:50","guid":{"rendered":"https:\/\/abiaradiostations.name.ng\/news\/fiscal-recklessness-adc-slams-tinubu-government-over-%e2%82%a61-15tr-fresh-loan\/"},"modified":"2025-11-13T20:18:50","modified_gmt":"2025-11-13T20:18:50","slug":"fiscal-recklessness-adc-slams-tinubu-government-over-%e2%82%a61-15tr-fresh-loan","status":"publish","type":"post","link":"https:\/\/abiaradiostations.com.ng\/news\/fiscal-recklessness-adc-slams-tinubu-government-over-%e2%82%a61-15tr-fresh-loan\/","title":{"rendered":"Fiscal Recklessness \u2014 ADC Slams Tinubu Government Over \u20a61.15tr Fresh Loan"},"content":{"rendered":"

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The African Democratic Congress (ADC) has criticised the Federal Government\u2019s recent approval of \u20a61.15 trillion in domestic borrowing, describing it as reckless and inconsistent with President Bola Ahmed Tinubu\u2019s earlier claims on Nigeria\u2019s revenue performance.<\/p>\n

In a statement issued on Thursday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC accused the Tinubu <\/a>administration of worsening Nigeria\u2019s debt crisis despite boasting of meeting non-oil revenue targets.<\/p>\n

The party warned that if all of President Tinubu\u2019s 2025 loan requests are approved, the country\u2019s total public debt could increase by \u20a640.61 trillion, pushing the national debt stock to about \u20a6193 trillion.<\/p>\n

According to data from the Debt Management Office (DMO), Nigeria\u2019s debt as of June 30, 2025, stood at \u20a6152.4 trillion\u2014\u20a680.55 trillion in domestic debt and \u20a671.85 trillion in external liabilities.<\/p>\n

The ADC noted that the new borrowing contradicts earlier government assurances that domestic loans would be reduced due to improved revenue generation.<\/p>\n

\u201cOnly a few months ago, the President announced that Nigeria had generated \u20a620.59 trillion in non-oil revenue by August 2025. Yet this government has taken a contradictory and irresponsible turn from its stated fiscal policy,\u201d the party said.<\/p>\n

The opposition party also expressed concern over the economic hardship faced by Nigerians, citing soaring inflation and living costs.<\/p>\n

\u201cHeadline inflation may be officially pegged at 18.02 percent and food inflation at 16.87 percent as of September 2025, but in the markets, prices continue to rise sharply. Nigerians are facing economic suffocation, not relief,\u201d it added.<\/p>\n

The ADC called on President Tinubu <\/a>to prioritise transparency and accountability in fiscal management.<\/p>\n

\u201cWe demand an immediate freeze on non-critical loans, full disclosure of 2025 revenue inflows and debt disbursements, independent verification of non-oil revenue claims, and a legally enforceable debt ceiling to safeguard public funds,\u201d Abdullahi stated.<\/p>\n

The party warned that continued borrowing without fiscal discipline would jeopardise Nigeria\u2019s economic stability and the future of its citizens.<\/p>\n

\u201cNigerians are watching as our collective future is being mortgaged. We cannot borrow our way out of a crisis created by economic mismanagement,\u201d the statement concluded.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The African Democratic Congress (ADC) has criticised the Federal Government\u2019s recent approval of \u20a61.15 trillion in domestic borrowing, describing it as reckless and inconsistent with President Bola Ahmed Tinubu\u2019s earlier claims on Nigeria\u2019s revenue performance. In a statement issued on Thursday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC accused the Tinubu administration […]<\/p>\n","protected":false},"author":14,"featured_media":237362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5],"tags":[],"class_list":["post-237361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/abiaradiostations.com.ng\/news\/wp-content\/uploads\/2025\/11\/ADC-1280x720-1.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/posts\/237361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/comments?post=237361"}],"version-history":[{"count":0,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/posts\/237361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/media\/237362"}],"wp:attachment":[{"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/media?parent=237361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/categories?post=237361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/tags?post=237361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}