• ADC slams Tinubu over ₦1.15trn loan, calling it reckless and contradictory.
• Opposition party says debt could hit ₦193trn if 2025 borrowing plans proceed.
• ADC demands freeze on new loans, full revenue disclosure, and a binding debt ceiling.
The African Democratic Congress (ADC) has accused President Bola Ahmed Tinubu of being “addicted to debts” following the Federal Government’s latest approval of ₦1.15 trillion in domestic borrowing.
In a statement issued on Thursday by its National Publicity Secretary, Bolaji Abdullahi, the ADC condemned the new loan request and accused the Tinubu administration of policy inconsistency and fiscal recklessness.
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The party argued that despite the president’s public claim that Nigeria met its non-oil revenue target of ₦20.59 trillion as of August 2025, the government continues to escalate the country’s debt burden instead of easing economic pressure on citizens.
Referencing reports that Nigeria’s public debt could rise to ₦193 trillion if all 2025 borrowing plans are approved, the ADC said the administration was “borrowing against its own words” and failing to deliver meaningful relief to Nigerians grappling with rising living costs.
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According to the party, verified figures from the Debt Management Office show that as of June 30, 2025, Nigeria’s debt stood at ₦152.4 trillion, comprising ₦80.55 trillion in domestic obligations and ₦71.85 trillion in external liabilities.
The ADC described the fresh borrowing as “reckless debt accumulation wrapped in propaganda,” insisting that no government boasting of record revenue should be taking loans of this scale. It also accused the APC-led government of “economic policy schizophrenia,” arguing that its monetary actions contradict its public claims of fiscal prudence.
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The party dismissed the administration’s claims that inflation had fallen to 18.02 percent and food inflation to 16.87 percent, saying Nigerians were still experiencing worsening hardship in real markets nationwide.
Calling for urgent intervention, the ADC demanded an immediate freeze on non-critical loans, full publication of 2025 revenue inflows and debt disbursements, independent verification of non-oil revenue claims, and the establishment of a legally binding national debt ceiling.
The party warned that the Tinubu administration “cannot borrow its way out of an economic crisis it helped create,” urging Nigerians and civil society groups to resist policies that “mortgage the country’s future.”
