…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 common 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 operating mate, Rabiu Musa Kwankwaso, on January 16, 2027, arguing that the nation’s mounting debt obligations, fiscal challenges and alleged mismanagement of public sources 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 price range deficit.
Describing the most recent 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 sufficient legislative scrutiny.
In a press release issued yesterday, the Spokesperson of the NDC National Presidential Campaign Council, Dr Constance Ikokwu, mentioned Nigerians should use the forthcoming elections to demand accountability, fiscal self-discipline and accountable administration of public sources.
Ikokwu described the most recent 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 mentioned the social gathering’s enchantment for large voter participation was impressed partly by the November 4, 2026 elections within the United States, the place residents demonstrated the ability of electoral participation in figuring out the route of governance.
According to her, Nigerians going through comparable financial pressures, rising residing prices and hardship mustn’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 mentioned, “Truly, plainly proper now, we can’t 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, nonetheless, maintained that Nigerians nonetheless had the chance to reverse the nation’s financial route via the poll, insisting that electoral participation remained crucial to holding political leaders accountable.
She added, “But Nigerians mustn’t despair. The poll stays our strongest instrument of change.
“We enchantment to residents to make use of their votes to rescue the nation from this debt entice and entrust its future to a authorities dedicated to transparency, accountability and prudent administration of public sources.
The social gathering particularly urged Nigerians to help the Obi-Kwankwaso presidential ticket, arguing that the 2027 election ought to present a possibility to put in a authorities that might prioritise residents’ welfare, fiscal accountability and transparency in public expenditure.
It additionally warned towards what it described because the mortgaging of Nigeria’s financial future via unsustainable borrowing and the mismanagement of public sources.
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 searching for to make debt accumulation, financial administration and legislative accountability main points for voters.
