Tag: ADC

Opinion

ADC accuses Tinubu of running ‘ponzi economy’ over fresh $1.25bn loan

The African Democratic Congress, on Thursday, accused President Bola Tinubu’s administration of running what it described as a ‘Ponzi economy’ after the Federal Government moved to secure another $1.25 billion World Bank loan despite Nigeria’s growing public debt estimated at about N159.28 trillion. The opposition party said the fresh loan request has further fuelled concerns […]

Opinion

ADC accuses Tinubu of illegal NNPCL debt cancellation

The African Democratic Congress has accused President Bola Ahmed Tinubu of unlawfully approving the cancellation of legacy debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, warning that the move violates constitutional provisions and deprives states and local governments of revenues legally due to them. The party made the allegation in […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
Opinion

World Bank report exposes worsening poverty under Tinubu — ADC

The African Democratic Congress has said that the World Bank’s October 2025 report, which revealed that 139 million Nigerians are now living below the poverty line, exposes the widening gap between the Federal Government’s claims of economic recovery and the harsh realities faced by ordinary citizens. In a statement signed by its National Publicity Secretary, […]