Stop rubber-stamping loan requests, ADC tells National Assembly
- ✦“Let President Tinubu show Nigerians one tangible project his administration has delivered with its trillions of naira in loans, beyond the solar farm in the Presidential Villa.
- The African Democratic Congress Presidential Campaign Council has urged the National Assembly to stop automatically approving loan requests by President Bola Tinubu’s administration, calling on lawmakers to exercise their constitutional oversight responsibilities and scrutinise the terms and purposes of government borrowing.
- The council warned that the continued accumulation of public debt without demonstrable development benefits could plunge the country into a cycle of unsustainable indebtedness and leave future generations to bear the consequences.
- “Let President Tinubu show Nigerians one tangible project his administration has delivered with its trillions of naira in loans, beyond the solar farm in the Presidential Villa.
The ADC has urged the National Assembly to stop automatically approving President Tinubu's loan requests, demanding scrutiny of government borrowing.
Frequently Asked Questions About This Story
What is the latest development regarding Cross River State?
The African Democratic Congress Presidential Campaign Council has urged the National Assembly to stop automatically approving loan requests by President Bola Tinubu’s administration, calling on lawmakers to exercise their constitutional oversight responsibilities and scrutinise the terms and purposes of government borrowing.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Cross River State, Federal Capital Territory, African Democratic Congress.
What timeline or key figures were confirmed?
The Director of Media and Publicity for the ADC-PCC, Kola Ologbondiyan, in a statement issued in Abuja on Friday, also appealed to international donors, development partners and financial institutions to demand transparency and accountability before extending further loans to Nigeria.
