Atiku opposes Tinubu’s $7.7bn loan, calls on lawmakers to reject it

Atiku Abubakar, presidential candidate of the African Democratic Congress (ADC), has urged the National Assembly to reject President Bola Tinubu’s request for approval to borrow $7.7 billion, about N10.79 trillion, to finance part of the 2026 budget deficit.
Atiku made the call in a statement issued on Wednesday by Phrank Shaibu, Director of Strategic Communications of the ADC Presidential Campaign Council.
He described the proposed borrowing as an additional burden on Nigerians and questioned the Federal Government’s repeated requests for foreign loans.
On Tuesday, Senate President Godswill Akpabio read Tinubu’s October 26 letter seeking approval for the external borrowing during p...