Atiku Abubakar Questions Tinubu's New Borrowing Plans

Atiku Abubakar, the 2027 presidential candidate for the African Democratic Congress, has criticized President Bola Tinubu's government for seeking additional loans while claiming that government revenue has significantly increased. In a statement released on Thursday through his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku expressed concerns regarding the economic pressures faced by Nigerian manufacturers, particularly due to diesel prices exceeding ₦2,000 per litre in some areas.

He pointed out the contradiction in the government's claims of improved revenue and savings from fuel subsidy removal, stating that borrowing is accelerating while manufacturers struggle with high energy costs. Atiku emphasized that the Tinubu administration must account for the funds already received before pursuing more debt in Vienna.

He noted that energy-related expenses account for over half of manufacturers' operating costs, warning that continued high costs could lead to increased prices, reduced production, and job losses, ultimately affecting ordinary Nigerians.