Atiku Abubakar Demands Transparency on Tinubu's Loan Plan

Atiku Abubakar, the African Democratic Congress (ADC) presidential candidate, has called on President Bola Tinubu to publish detailed project-specific information regarding his proposed external borrowing plan of $20.52 billion and €1.045 billion. In a statement issued on October 27, 2026, by Phrank Shaibu, Director of Strategic Communication of the ADC Presidential Campaign Council, Atiku expressed concerns that the lack of transparency could lead to misuse of public funds.

He highlighted that while broad sectors for the funds have been identified, there is no detailed breakdown of costs, locations, contractors, and specific objectives. Atiku warned that the proposed borrowing could potentially benefit political associates and favored contractors, particularly in relation to the Lagos–Calabar Coastal Highway.

He urged the National Assembly to delay approval of the borrowing plan until the government provides comprehensive documentation for legislative scrutiny. The Senate is expected to review the request amid rising public debt, which reached N166.79 trillion as of June 30, 2026.