ADC-PCC Urges National Assembly to Reject Tinubu’s $21 Billion Loan Over Lack of Transparency

The African Democratic Congress Presidential Campaign Council (ADC-PCC) urged the National Assembly to reject President Bola Tinubu’s proposed borrowing of $20 billion and £1 billion until the government discloses the facilities’ details and expected benefits. Its Director of Media and Publicity, Kola Ologbondiyan, called for a full account of borrowing since May 29, 2023, including revenue from the removal of the fuel subsidy and how it was spent. The council also demanded disclosure of the loans’ purposes, interest rates, repayment periods, fees and guarantees, warning that borrowing without transparency could deepen Nigeria’s debt burden and threaten its economic sovereignty.