Atiku demands project-by-project details of Tinubu’s $20.52 billion loan plan

Former Vice President Atiku Abubakar has urged President Bola Tinubu to disclose comprehensive details of projects that will be financed by the proposed $20.52 billion and €1.045 billion borrowing plan. Atiku, running as the candidate of the African Democratic Congress, expressed concern over the lack of transparency and accountability in the absence of project-specific information.

He warned that the proposed borrowing could potentially divert public funds to favored contractors and associates, particularly in connection with the Lagos-Calabar Coastal Highway, which he claimed has been rerouted inland. Atiku's demands were outlined in a statement released by Phrank Shaibu, ADC's Director of Strategic Communication, on October 27, 2026.

He argued that without a detailed breakdown of costs, locations, contractors, and specific objectives of the planned investments, Nigerians would be unable to assess the legitimacy of the additional debt. Atiku questioned the timing of the request, suggesting lawmakers should not endorse the borrowing plan without full disclosure of the projects and their associated costs.

He urged the National Assembly to delay approval until the government makes the supporting documents publicly available and subject to thorough legislative review. Atiku emphasized the need for transparency to determine whether the borrowed funds would serve Nigeria's development priorities or political interests.