ADC Slams Tinubu Government Over ₦1.15tr Fresh Loan Approval
The African Democrat Congress (ADC) has criticized the Tinubu government for approving a ₦1.15 trillion domestic loan, labeling it as fiscally reckless and inconsistent with President Bola Ahmed Tinubu's earlier claims about Nigeria's revenue performance. Despite boasting about meeting non-oil revenue targets, the ADC notes that Nigeria's total public debt has increased to ₦193 trillion, with domestic debt at ₦80.55 trillion and external liabilities at ₦71.85 trillion.
The ADC demands transparency, accountability, and fiscal discipline from the government to safeguard public funds and prevent further economic instability.
Plus234Feed summary based on reporting from Politics Nigeria. Read the original report below.
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