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Home » Blog » NDC Says Tinubu’s Growing Debt Will Leave Future Generations With Heavy Burdens
Politics

NDC Says Tinubu’s Growing Debt Will Leave Future Generations With Heavy Burdens

Chioma
Last updated: November 5, 2026 5:44 pm
By Chioma
3 Min Read
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The Nigeria Democratic Congress (NDC) has urged Nigerians to participate massively in the 2027 general elections, stressing the need for citizens to use their votes to demand accountability, responsible management of public funds and a government that prioritises the welfare of the people.

The appeal was contained in a statement issued by the party’s National Presidential Campaign Council Spokesperson, Dr. Chiogo Constance Ikokwu.

The party expressed concern over Nigeria’s rising debt profile, particularly following President Bola Tinubu’s latest loan request, warning that the financial obligations could place a heavy burden on future generations.

According to the NDC, the growing debt burden makes the 2027 general elections too significant for Nigerians to ignore.

The party’s statement followed President Tinubu’s request to the National Assembly for approval of a fresh external borrowing plan worth $7.7 billion, approximately ₦10.79 trillion, to finance the 2026 budget deficit.

Describing the administration’s borrowing pattern as a recurring development, the party reportedly referred to it as a case of “one week, new loan.”

Ikokwu called on Nigerians to come out in large numbers to vote for Peter Obi and Engr. Rabiu Musa Kwankwaso on January 16, 2027, drawing comparisons with the participation of American voters in the November 4, 2026 elections.

She noted that Americans, like Nigerians, are experiencing economic difficulties and rising living costs. However, rather than simply complaining about their situation, she said they demonstrated their democratic rights by participating in the electoral process.

The NDC spokesperson encouraged Nigerians to follow the same example by turning out in their millions to exercise their voting rights.

Ikokwu stated: “Truly, it seems that right now, we cannot stop President Tinubu from his One Week! New Loan! One Week! New Loan! borrowing spree, which is already hitting the roof, because, 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.

“But Nigerians should not despair. The ballot remains our most powerful instrument of change. We appeal to citizens to use their votes to rescue the country from this debt trap and entrust its future to a government committed to transparency, accountability and prudent management of public resources.”

The party further maintained that Nigeria’s economic future should not be jeopardised by excessive borrowing and poor management of public resources.

It stressed the importance of ensuring that government spending is transparent and that the country’s financial obligations do not become an unbearable burden for generations yet unborn.

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