The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has questioned the Federal Government’s continued borrowing despite what he described as a huge financial windfall from high global crude oil prices.
POLITICS NIGERIA reports that the former vice president has asked President Bola Tinubu to explain how the additional oil revenue has been spent.
In a statement issued on Sunday by his Senior Special Assistant on Public Communication, Phrank Shaibu, the former vice president accused the Tinubu administration of poor economic management, lack of transparency and fiscal indiscipline, arguing that the government’s borrowing pattern contradicts its rising oil earnings.
According to Atiku, the Federal Government borrowed about ₦5 trillion from the domestic bond market in the first half of 2026, representing nearly 80 per cent of the total amount borrowed during the same period in 2025.
He argued that such aggressive borrowing would only make sense if government
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