…Opposition social gathering urges Nigerians to vote massively for Obi, Kwankwaso on January 16
…Accuses National Assembly of endorsing borrowing requests with out scrutiny
…Says rising debt burden threatens future generations
Sunday Aborisade in Abuja
The Nigeria Democratic Congress (NDC) has intensified its marketing campaign towards the federal authorities’s borrowing coverage, declaring that President Bola Tinubu’s newest request for a $7.7 billion exterior mortgage has made the 2027 basic election a defining second for Nigeria’s financial future.
The opposition social gathering has urged Nigerians to vote massively for its presidential candidate, Peter Obi, and his working mate, Rabiu Musa Kwankwaso, on January 16, 2027, arguing that the nation’s mounting debt obligations, fiscal challenges and alleged mismanagement of public assets require a change of management.
The social gathering’s place adopted President Tinubu’s newest request to the National Assembly for approval of a $7.7 billion exterior borrowing plan, equal to roughly N10.79 trillion, to finance the 2026 funds deficit.
Describing the newest request as one other addition to what it known as the president’s borrowing spree, the NDC questioned the sustainability of the federal authorities’s debt technique and accused the National Assembly of failing to topic mortgage requests to enough legislative scrutiny.
In a press release issued yesterday, the Spokesperson of the NDC National Presidential Campaign Council, Dr Constance Ikokwu, stated Nigerians should use the forthcoming elections to demand accountability, fiscal self-discipline and accountable administration of public assets.
Ikokwu described the newest borrowing request as one other indication of the federal government’s rising dependence on exterior loans, warning that the results of accumulating debt would prolong past the current administration to generations but unborn.
She stated the social gathering’s attraction for enormous voter participation was impressed partly by the November 4, 2026 elections within the United States, the place residents demonstrated the facility of electoral participation in figuring out the path of governance.
According to her, Nigerians dealing with comparable financial pressures, rising dwelling prices and hardship shouldn’t give up to frustration or political apathy however ought to recognise their votes as the simplest instrument for altering the nation’s management.
She stated, “Truly, it appears that evidently proper now, we can not cease President Tinubu from his One Week! New Loan! One Week! New Loan! borrowing spree, which is already hitting the roof, as a result of, regrettably, he has pocketed the National Assembly.
“We seem to have a rubber-stamp legislature that before a loan request formally gets to its desk, it has already been endorsed.”
The NDC spokesperson, nevertheless, maintained that Nigerians nonetheless had the chance to reverse the nation’s financial path by means of the poll, insisting that electoral participation remained essential to holding political leaders accountable.
She added, “But Nigerians shouldn’t despair. The poll stays our strongest instrument of change.
“We attraction to residents to make use of their votes to rescue the nation from this debt lure and entrust its future to a authorities dedicated to transparency, accountability and prudent administration of public assets.
The social gathering particularly urged Nigerians to assist the Obi-Kwankwaso presidential ticket, arguing that the 2027 election ought to present a chance to put in a authorities that will prioritise residents’ welfare, fiscal duty and transparency in public expenditure.
It additionally warned towards what it described because the mortgaging of Nigeria’s financial future by means of unsustainable borrowing and the mismanagement of public assets.
The NDC’s intervention has positioned the federal authorities’s borrowing technique on the centre of its rising marketing campaign narrative forward of the January 2027 presidential election, with the opposition in search of to make debt accumulation, financial administration and legislative accountability main points for voters.
