ADC Accused of Politicising Nigeria’s Debt as Group Lists Projects Behind Tinubu’s Borrowing
- National Democratic Front slammed the African Democratic Congress over alleged misinformation about Nigeria's debt burden under President Tinubu's administration
- The President of the group, Dr. Ghalil Nasir, in a statement in Abuja, condemned the actions of the ADC as a desperation to stay relevant
- The group highlights President Tinubu's administrative success, explains the reasons behind seeking external loans, and lists high-ranking international organisations that have commended the reforms
FCT, Abuja - The National Democratic Front (NDF) has slammed the African Democratic Congress (ADC) over a recent claim by the party that the President Bola Tinubu administration's policies have pushed Nigeria's debt burden to crisis levels.
Source: Twitter
This was disclosed in a statement made available to Legit.ng on Monday, July 28, signed by the National President of NDF, Dr. Ghalil Nasir.
NDF slams ADC, accuses party of misinformation
According to the statement, the NDF claimed that the ADC’s weaponisation of misinformation is driven by a hunger for political validation.
Dr. Nasir lamented that the ADC, despite lacking a significant political presence or credible policy track record, was resorting to twisting facts about Nigeria's economic reality in a bid to tarnish an administration working to restructure longstanding structural and economic issues.
“The African Democratic Congress is weaponising economic statistics without context. It is shameful that a party with no seat in the National Assembly and no significant policy contributions is attempting to distort public discourse by attacking a reform-minded administration,” Nasir explained.
NDF explains Tinubu's economic reforms
According to the statement, Dr Nasir noted that President Bola Tinubu took over an economy in shambles, with a staggering ₦87.3 trillion public debt, ₦4 trillion in unpaid petrol subsidy debts, a complex multiple exchange rate system that bred profiteering, and inflation soaring at 22.4%."
"To stabilise such an economy without external financing would have meant shutting down capital spending and punishing the poorest Nigerians.
Tinubu chose instead to act. What he has done is take decisive steps to stabilise a broken economy, steps that require both courage and capital,” he stated.
The NDF further highlighted that the loans obtained under President Tinubu's administration are largely tied to specific projects, with transparent terms and conditions, and are often sourced from multilateral institutions with well-defined disbursement frameworks.
The NDF also noted that international organisations like the International Monetary Fund and African Development Bank have praised President Tinubu's government for making tough but necessary economic changes.
The NDF urged Nigerians to be cautious of politicians who pretend to be activists but spread harmful ideas, warning that efforts to erode trust in the economy would ultimately harm everyday citizens.
Source: Twitter
Obi accused Tinubu of publicising false statistics
Legit.ng previously reported that Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 election, on Monday, July 28, said President Bola Tinubu has resorted to “feeding Nigerians with wrong statistics” to mask the country’s alleged economic woes.
Obi spoke as Nigerians look forward to the 2027 election.
In a post on his verified X (formerly Twitter) page, Obi said Tinubu, who was the All Progressives Congress (APC) candidate during the 2023 election, mocked him for his reliance on data-driven governance.
Atiku boasted of victory in 2027 election
Legit.ng also reported that the former vice-president, Atiku Abubakar, has boasted that the ADC, the opposition coalition party, will take over power from the APC in 2027.
Atiku, who decried the lack of ideology by political parties in the country, maintained that the ADC is coming with a clear ideology to tackle the nation’s economic and other problems.
The former VP remarked in Ado Ekiti, the capital of Ekiti state, during the unveiling and inauguration of the state ADC executive council over the weekend.
Atiku, represented by Prof. Bayode Fakunle, said Nigeria has undergone political changes and now has several parties without a clear ideology.
Source: Legit.ng
