{"id":78684,"date":"2025-11-13T18:54:50","date_gmt":"2025-11-13T18:54:50","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=78684"},"modified":"2025-11-13T18:54:50","modified_gmt":"2025-11-13T18:54:50","slug":"adc-slams-fg-over-%e2%82%a61-15-trillion-domestic-loan","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/11\/13\/adc-slams-fg-over-%e2%82%a61-15-trillion-domestic-loan\/","title":{"rendered":"ADC Slams FG Over \u20a61.15 Trillion Domestic Loan"},"content":{"rendered":"<p><strong>By Onyeanya Ebere Immaculata<\/strong><\/p>\n<p>The African Democratic Congress (ADC), has criticized President Bola Tinubu\u2019s administration for securing Senate approval to raise \u20a61.15 trillion in domestic borrowing, calling it \u201creckless debt accumulation wrapped in propaganda.\u201d<\/p>\n<p>The statement, issued Thursday by ADC National Publicity Secretary Bolaji Abdullahi, came a day after the Senate approved the loan to cover a shortfall in the 2025 national budget.<\/p>\n<p>The party argued the move contradicts government claims of exceeding non-oil revenue targets, reportedly generating \u20a620.59 trillion in the first eight months of 2025.<\/p>\n<p>\u201cOnly a few months ago, the President declared Nigeria had surpassed its non-oil revenue targets. Yet here we are, watching this government borrow irresponsibly,\u201d Abdullahi said.<\/p>\n<p>The ADC warned that approving all 2025 borrowing requests could push public debt to \u20a6193 trillion, worsening citizens\u2019 struggles with inflation and high living costs.<\/p>\n<p>It urged civil society, Nigerians, and the international financial community to demand a freeze on non-critical loans, full revenue disclosure, and a legally binding debt ceiling.<\/p>\n<p>The Senate approved the \u20a61.15tn loan to fund the remaining portion of the \u20a614.10 trillion 2025 budget deficit.<\/p>\n<p>Supporters argued the borrowing was necessary for fiscal stability and infrastructure funding, but the ADC and economists cautioned that continued borrowing risks unsustainable debt levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onyeanya Ebere Immaculata The African Democratic Congress (ADC), has criticized President Bola Tinubu\u2019s administration for securing Senate approval to raise \u20a61.15 trillion in domestic borrowing, calling it \u201creckless debt accumulation wrapped in propaganda.\u201d The statement, issued Thursday by ADC National Publicity Secretary Bolaji Abdullahi, came a day after the Senate approved the loan to [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":78685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-78684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=78684"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78684\/revisions"}],"predecessor-version":[{"id":78686,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78684\/revisions\/78686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/78685"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=78684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=78684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=78684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}