The African Democratic Congress (ADC) has taken a swipe at President Bola Ahmed Tinubu over the Federal Government’s latest borrowing plan, accusing the President of worsening Nigeria’s debt crisis. This follows the approval of a fresh ₦1.15 trillion domestic loan request by the National Assembly.

In a strongly worded statement issued on Thursday by the party’s National Publicity Secretary, Bolaji Abdullahi, the ADC criticized the Tinubu administration for what it described as “policy inconsistency and fiscal recklessness,” insisting that the government is borrowing excessively despite its public claims of improved revenue performance.

According to the party, President Tinubu had earlier announced that Nigeria exceeded its non-oil revenue target, generating ₦20.59 trillion by August 2025. Yet, despite these revenue milestones, the government continues to seek new loans, a move the ADC believes contradicts the administration’s own economic promises.

The party pointed to recent reports suggesting that Nigeria’s total public debt could soar to ₦193 trillion if all of Tinubu’s 2025 loan requests sail through. This would add an estimated ₦40.61 trillion to the country’s debt stock. Verified data from the Debt Management Office (DMO) already places Nigeria’s total debt at ₦152.4 trillion as of June 30, 2025—₦80.55 trillion domestic and ₦71.85 trillion external.

“This is reckless debt accumulation wrapped in propaganda,” the statement read.

The ADC argued that a government boasting record revenue figures should not be accumulating new loans, especially after previously promising to phase out domestic borrowing. Instead, the party claims, the APC-led government continues to pursue contradictory policies—publicly preaching fiscal prudence while deepening the nation’s debt burden.

The party also challenged the administration’s inflation statistics. While the government claims headline inflation dropped to 18.02% and food inflation to 16.87% as of September 2025, the ADC insists that these numbers do not reflect the reality in Nigerian markets where food prices and living costs remain painfully high.

“Nigerians are not experiencing statistical relief — they are experiencing economic suffocation,” the statement added.

The ADC is now calling on civil society organizations, international financial partners, and the Nigerian public to demand greater accountability from the Tinubu administration. Their demands include:

An immediate freeze on all non-essential new loans.

Full publication of all revenue inflows and debt disbursements for 2025.

Independent verification of the government’s revenue claims.

A legally enforced debt ceiling to prevent excessive borrowing.

The party warned that Nigeria’s future is being mortgaged at an alarming rate and urged the President to “come clean” on the true state of the economy.

“You cannot say revenue has improved and still insist on borrowing more than any administration in Nigeria’s history,” the statement concluded.