Atiku Abubakar Critiques Tinubu Over $500 Million Loan

Atiku Abubakar, the former Vice President and Presidential Candidate of the African Democratic Congress (ADC), condemned President Bola Tinubu for seeking a $500 million loan from the World Bank. In a statement issued by Phrank Shaibu, Director of Strategic Communication for the ADC Presidential Campaign Council, Atiku argued that borrowing money in the final days of Tinubu's administration would unfairly burden his successor and the Nigerian populace.

He stated that no outgoing president should impose new debt, describing such actions as a path to economic instability and bondage. Atiku highlighted that the proposed loan is set for consideration on May 25, 2027, just days before the next presidential inauguration.

He called on the World Bank to reject the loan and demanded full disclosure of its terms and risks. Atiku pledged that his administration, beginning on May 29, 2027, would prioritize responsible leadership and fiscal discipline without incurring new debt.