Tinubu wants to borrow $20.5b, €1.04b to buy votes in 2027 – Kenneth Okonkwo raises alarm
A chieftain of the African Democratic Congress, ADC, Kenneth Okonkwo, has raised the alarm over the plan of President Bola Tinubu to borrow $20.5 billion and €1.04 billion, about N30.2 trillion on what he described as the "eve of the 2027 general elections". Speaking during an interview on News Central Television on Wednesday, Okonkwo said […] Tinubu wants to borrow $20.5b, €1.04b to buy votes in…
Chieftain of the African Democratic Congress, Kenneth Okonkwo, has expressed grave concern over President Bola Tinubu's plan to borrow $20.5 billion and €1.04 billion, equivalent to N30.2 trillion, ahead of the 2027 general elections. In an interview on News Central Television, Okonkwo branded the advice to borrow such a substantial sum as coming from an individual of unsound mind and stated that the intention behind the loan is to buy votes.
The ADC leader maintained that the borrowing is not for the purpose of development but rather to rig the upcoming election.
Okonkwo warned that the 2027 elections will be a crucial struggle for the future of Nigeria. He declared, "In 2027, it is either Tinubu goes, or Nigeria goes, but both of them cannot go together." While some Nigerians have reacted to Okonkwo's allegations, questioning the wisdom behind the enormous borrowing during a period when the country is already deeply indebted, the Presidency has not yet made a public response to the claim as of the time of writing.
The situation remains tense as Tinubu pushes forward with his proposal to borrow $20.5b and €1.04b in anticipation of the 2027 general elections.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
