ADC-PCC to N’Assembly: Reject Tinubu’s $21bn loan over lack of transparency

By Luminous Jannamike
The African Democratic Congress Presidential Campaign Council (ADC-PCC) has urged the National Assembly to reject President Bola Tinubu’s proposed $20 billion and £1 billion foreign borrowing unless the Federal Government provides full details of the facilities and demonstrates their benefits to Nigerians.
The council said the fresh borrowing would add to the burden on Nigerians already battling rising living costs and increased taxation, questioning why the government was seeking more loans without accounting for previous borrowings and savings from fuel subsidy removal.
In a statement by its Director of Media and Publicity, Kola Ologbondiyan, the ADC-PCC faul...