ThisDay· 1h ago· 1 min read
Chuks Okocha in Abuja
Former Vice President of Nigeria and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has criticised the Bola Tinubu administration over what he described as its unprecedented domestic borrowing despite the significant windfall accruing from high international crude oil prices.
In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku described the administration's economic management as contradictory, opaque, and bereft of fiscal discipline.
He noted that the federal government has already raised about N5 trillion from the domestic bond market in the first half of 2026, almost 80 per cent of the total amount borrowed during the corresponding period in 2025.
According to Atiku, such aggressive borrowing would only be understandable if government revenues had collapsed. “The exact opposite…
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