NDC faults Tinubu’s $7.7bn borrowing request
The Nigeria Democratic Congress has criticised President Bola Tinubu’s request for a fresh $7.7bn external loan, citing concerns over the country’s rising Read More: https://punchng.com/ndc-faults-tinubus-7-7bn-borrowing-request/
The Nigeria Democratic Congress (NDC) has lambasted President Bola Tinubu's request for a new $7.7 billion (N10.79 trillion) external loan, citing the escalating debt burden and its impact on future generations. The NDC's National Presidential Campaign Council urged citizens to demand accountability and fiscal responsibility from political leaders during the 2027 general elections.
Spokesperson Dr Chiogo Ikokwu revealed that the fresh borrowing request further intensified concerns about the Federal Government's reliance on external loans to cover budget deficits, referring to it as a "One Week! New Loan!" spree. She accused Tinubu of having a rubber-stamp National Assembly that rubber-stamped his loan requests without scrutiny.
NDC called on Nigerians to use their votes on January 16, 2027, to rescue the country from the debt trap and elect a government committed to transparency, accountability, and prudent management of public resources.
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- NDC faults Tinubu’s $7.7bn borrowing request punchng.com
