The African Democratic Congress Presidential Campaign Council has challenged President Bola Tinubu to present evidence of tangible development projects executed with the trillions of naira borrowed by his administration, accusing the government of failing to deliver meaningful results despite its growing debt profile. The opposition group also called on the National Assembly to stop approving […]
The African Democratic Congress Presidential Campaign Council has challenged President Bola Tinubu to present evidence of tangible development projects executed with the trillions of naira borrowed by his administration, accusing the government of failing to deliver meaningful results despite its growing debt profile.
The opposition group also called on the National Assembly to stop approving loan requests from the Federal Government without conducting thorough investigations into how the funds would be utilised and the benefits they would bring to Nigerians.
In a statement released in Abuja on Friday, the Director of Media and Publicity of the ADC-PCC, Kola Ologbondiyan, warned that unchecked borrowing could expose the country to an unsustainable debt burden and leave future generations struggling with its consequences.
The council also appealed to international financial institutions, development partners and donors to insist on transparency and accountability before granting additional loans to Nigeria.
Its position followed remarks by Bayo Onanuga, Special Adviser to the President on Information and Strategy, who defended the administration’s borrowing activities, arguing that the more important consideration was the development achieved with borrowed funds rather than the total amount accumulated.
But the ADC-PCC rejected the argument, describing it as an insult to Nigerians and demanding that the President identify specific projects completed with the funds obtained through borrowing.
“Let President Tinubu show Nigerians one tangible project his administration has delivered with its trillions of naira in loans, beyond the solar farm in the Presidential Villa,” the council stated.
It also cautioned lawmakers against approving additional loans without demanding clear explanations from the executive, warning that the 10th National Assembly could face historical criticism for allowing the country’s debt situation to deteriorate.
The campaign council accused the Tinubu administration of creating an impression of development through announcements and publicity while major infrastructure projects continued to face delays or remained incomplete.
“For three-and-a-half wasted years, the Tinubu government has borrowed without restraint and built nothing. No value, no legacy, no impact,” it alleged.
The group specifically questioned the progress of the Lagos-Calabar Coastal Highway, Sokoto-Badagry Superhighway and Trans-Sahara Superhighway, arguing that the projects had featured extensively in government publicity without corresponding evidence of meaningful progress.
It also raised concerns over the Abuja-Kaduna-Kano Highway, faulting the pace of construction and arguing that the prolonged execution of the project reflected shortcomings in infrastructure delivery.
The ADC-PCC further maintained that the Tinubu administration should not claim credit for projects inherited from the late President Muhammadu Buhari, insisting that its performance should be judged by what it had independently delivered.
The opposition council also highlighted the economic difficulties confronting Nigerians, accusing the Federal Government of paying insufficient attention to hunger, insecurity, poverty and the growing hardship experienced by citizens.
“Citizens are hungry and enduring excruciating hardship. People are dying from hunger, insecurity and deprivation, while the government remains preoccupied with propaganda and self-congratulatory statements,” it added.
The group argued that borrowing was not inherently wrong if the funds were invested in projects capable of improving living standards, expanding infrastructure and creating economic opportunities.
However, it warned that continued borrowing without measurable development outcomes would place an unfair burden on future generations, particularly if the government could not demonstrate how the borrowed funds had benefited the country.