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ADC slams Tinubu over mounting debts, demands audit

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The African Democratic Congress on Sunday condemned what it described as the “fiscal vandalism” of President Bola Tinubu’s administration, following the National Assembly’s approval of an additional $21bn in foreign loans.

The party said the new borrowing spree could drive Nigeria’s public debt beyond N200trn by the end of 2025 — without any visible economic gains to show for it.

In a statement issued by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC accused Tinubu of accelerating Nigeria’s descent into a debt trap far worse than what the country experienced under his predecessor.

“What Nigerians are witnessing, following the approval of a fresh $21 billion in foreign loans, is nothing short of a calculated decision to mortgage the country’s future just to cover up the failures of today,” the party stated.

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Citing official data, the ADC argued that under former President Muhammadu Buhari, the country borrowed an average of N4.7trn annually.

However, borrowing under the Tinubu administration has skyrocketed to N49.8trn per year.

“In just two years, this administration has borrowed more than ten times what Buhari borrowed in the same timeframe,” the statement said.

“At this rate, Nigeria’s total public debt will crash through N200trn before the end of the year. We are speeding toward a financial cliff, and those in charge seem to have no brakes.”

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While defenders of the Tinubu government have claimed the current borrowing figures appear smaller in dollar terms—$1.7bn annually compared to Buhari’s $4.15 billion—the ADC dismissed such arguments, pointing instead to the devastating impact of currency devaluation.

“With the naira now in free fall, again thanks to this administration’s poor policy choices, these same loans are costing the country far more,” the statement read.

“When converted to naira, Tinubu’s foreign borrowing amounts to N25.5trn every year, more than Buhari’s annual average of N2.2trn.”

The opposition party claimed that since the APC assumed power in 2015, Nigeria’s public debt has ballooned from N12.6trn to over N149trn in 2025, with over $35bn borrowed from external lenders alone in the last decade.

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“Our debt to the World Bank has tripled. What we owe in Eurobonds has grown eleven times over. And now, this government wants to borrow even more, pushing our foreign debt ceiling to $67bn.”

The ADC expressed concern that this growing mountain of debt has not translated into improved infrastructure or services.

“The debts have continued to mount, but infrastructures have remained poor, universities are still grossly underfunded, hospitals are still ill-equipped, and the electricity supply is as poor as ever. So, what exactly are these loans used for?” it queried.

“This is the question that Nigerians expect the National Assembly to ask. Instead, it has continued to approve these loans without asking the hard questions, without demanding a plan, and without standing up for the Nigerian people.”

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The party cited data from the Association of Small Business Owners of Nigeria to further highlight the impact of excessive borrowing, saying small businesses now struggle to access credit, while investors are losing confidence and leaving the market.

“And because over 60 per cent of our national income is now used to service debt, the government is turning to ordinary Nigerian families and taxing them beyond their limits.”

The ADC also faulted the government for borrowing more even after the recent naira devaluation, arguing that such a move should ordinarily reduce the need for external loans.

Consequently, the party demanded full transparency regarding all loans taken since 2015.

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“The ADC hereby demands a full disclosure of all loan agreements signed over the past ten years by the APC and the Tinubu government. Nigerians have a right to know the terms, interest rates, payment timelines, and final recipients of the loans.”

It further urged President Tinubu to end what it called “fiscal recklessness” and focus instead on meaningful economic reforms.

“We also call on President Tinubu to put an end to this fiscal recklessness and focus instead on meaningful reform by investing wisely and spending responsibly. The era of borrowing to cover policy failures must come to an end,” the statement concluded.

Efforts to get the reactions of Tinubu’s Special Adviser on Information, Bayo Onanuga and the Special Adviser to the President on Policy Communication, Daniel Bwala, were unsuccessful.

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As of the time of filing this report, they could still not be reached.

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Politics

Peter Obi advises Tinubu to consider quitting like UK PM

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The Nigerian Democratic Congress, NDC, Presidential Candidate for the 2027 election, Peter Obi, has advised President Bola Ahmed Tinubu to consider resigning his position, having failed woefully in discharging most of his campaign promises. And having failed to improve the standard of living of the citizens.

Reacting to the announcement of the British Prime Minister’s resignation, which is not unconnected with the complaints of British citizens about their deteriorating standard of living under his watch, Obi, in a tweet he titled “owning up to Leadership Failures and Political Responsibility”, advised Tinubu to emulate the British PM and save the country from the worsening economic situation.

Writing on his X handle, the 2023 Labour Party presidential flagbearer said, “This morning, I listened to the British Prime Minister’s speech announcing his planned resignation in July. As a keen observer of global politics, my primary interest lies in examining what successful nations do right and the structural factors that cause others to lag or struggle with governance and development.

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“The Prime Minister’s planned resignation comes amid mounting public frustration over a stagnant economy, a worsening cost-of-living crisis, and a perceived failure to honour key campaign pledges.

“Looking inward in our dear country, we can recall our own situation. Before 2015, our President on several occasions championed the call for the then President Goodluck Jonathan to resign over economic hardship and insecurity affecting Nigerians. During the Chibok school kidnapping incident, he demanded the immediate resignation of President Jonathan, arguing that the government had failed in its most fundamental duty of protecting lives.

“During the 2023 election campaign, President Bola Ahmed Tinubu made several promises, including improved electricity supply. He also challenged the electorate not to vote for him for a second term if he failed to deliver on those commitments—particularly in providing stable power, fighting corruption, and improving the welfare of Nigerians.

“At present, however, these conditions have worsened. Electricity supply remains unreliable, insecurity has intensified in many areas, including kidnappings, and economic hardship has deepened rather than eased. Similar concerns are reflected across other critical sectors such as security, infrastructure, transportation, and anti-corruption efforts, all of which have regressed. We are in the worst possible condition.

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“I, therefore, join Nigerians of goodwill in calling for the resignation of the President over monumental failure in governance. Such a gesture would help enthrone a political culture rooted in accountability and responsibility, rather than further entrenching impunity. It would also send a powerful message that public office is a sacred trust, not an entitlement, and help build a society in which future leaders understand that failure carries consequences. Only by ending the culture of impunity can we secure a better future for the society our children will inherit in a New Nigeria that is possible”

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Enugu North by-election: APC candidate emerges winner

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Chief Ikeje Asogwa, the candidate of the All Progressives Congress, APC, has emerged the winner of the June 20, 2026 Enugu North Senatorial District by-election.

Asogwa polled 162,360 votes to defeat his closest rival, Chief Nestor Ezeme of the Peoples Democratic Party, PDP, who scored 9,299 votes.

The by-election was conducted to replace late Senator Okey Ezea, who was representing the district at the time he died on November 18, 2025, at the age of 62.

Announcing the result on Sunday in Nsukka, the Returning Officer of the election, Prof Christian Ezeibe, the Dean, Department of Students Affairs at University of Nigeria Nsukka, UNN, said Asogwa scored the highest votes in the election to emerge the winner.

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“Asogwa having satisfied the requirements of the law in this election is hereby declared the winner and is returned.

“I thank you all for your cooperation, support and maturity that made the by-election a success,” he said.

According to Ezeibe, the number of registered voters in Enugu North Senatorial District was 727, 340 while 184,094 were accredited in the election.

A breakdown of the result scored by five other candidates showed that Chika Idoko Emmanuel of the African Democratic Party, ADC, polled 1,676 votes while Kingsley Aneke of Boot Party, BP, got 1607 votes.

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Other candidates are Ejike Simon Eze of Labour Party, LP, 1,027 votes, OssElias Okwudiri Ossai of the Nigerian Democratic Congress, NDC, 3,129 votes and Charles Ugochukwu of the Peoples Redemption Party, PRP, 667 votes.

In his acceptance speech, Asogwa, the senator elect, said the outcome reflected the overwhelming support of the residents of the six local government areas that made up the Enugu North Senatorial Zone.

He promised to give the senatorial zone quality and effective representation to justify the massive support and confidence residents had expressed through their votes.

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Official: INEC declares Oyebanji winner of Ekiti 2026 Governorship Election

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The Independent National Electoral Commission (INEC) has announced the candidate of the All Progressives Congress (APC), Biodun Oyebanji, as the winner of the 2026 Ekiti State governorship election.

The Returning Officer for the Ekiti State governorship election, Adenike Oladiji, who declared the results at about 3:13 a.m. on Sunday, said that Oyebanji polled 319,224 votes.

Oladiji, a professor and Vice-Chancellor of the Federal University of Technology, said that the candidate of the Peoples Democratic Party (PDP), Oluwole Oluyede, scored 40,543 votes, while Dare Bejide of the African Democratic Party (ADP) polled 12,872 votes.

According to her, a total of 384,940 voters were accredited for the election, with 375,777 valid votes, 6,332 rejected votes, and total votes cast.

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Voting, which began at about 8:31 a.m, ended officially at 2:30 p.m. on Saturday, with more than 300,000 voters casting their ballots.

INEC has declared Biodun Oyebanji of the APC as the winner of the 2026 Ekiti State governorship election.

The Returning Officer for the election, Professor Adenike Oladiji, said the incumbent governor polled 319,224 votes.

She also said that while the candidate of the Peoples Democratic Party (PDP), Oluwole Oluyede, scored 40,543 votes, Dare Bejide of the African Democratic Party (ADP) polled 12,872 votes.

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2:25 a.m.

Following the conclusion of the collation of results from the 16 LGAs, the Returning Officer for the Ekiti State governorship election and Vice-Chancellor of the Federal University of Technology, Professor Adenike Oladiji, says that the results will be transferred to the Form EC8D.


2:22 a.m.

Moba LGA

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ADC- 994

APC – 20,500

PDP – 1,572


2:19 a.m.

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Ekiti East

ADC- 1,730

APC – 26,359

PDP – 2,795

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2:15 a.m.

Irepodun/Ifelodun LGA

ADC- 511

APC – 29,278

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PDP – 2,119

The collation officer said that the result from one of the polling units was cancelled due to over-voting.


2:08 a.m.

Ikole LGA

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ADC- 812

APC – 26,508

PDP – 750


2:04 a.m.

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Aiyekire (Gbonyin) LGA

ADC- 314

APC – 17,133

PDP – 1,563

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1:52 a.m.

Oye LGA

ADC- 998

APC – 18,975

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PDP – 2,891


1:49 a.m.

Ise/Orun LGA

ADC- 365

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APC – 12,908

PDP – 1,627

 


1:40 a.m.

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Ilejemeje LGA

ADC- 579

APC – 8,984

PDP – 1,243

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1:37 a.m.

Ado Ekiti LGA

ADC- 1,054

APC – 38,026

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PDP – 3,817


1:31 a.m.

Ekiti West LGA

ADC- 674

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APC – 28,258

PDP – 3,644


1:26 a.m.

Ido-Osi LGA

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ADC- 561

APC – 17,901

PDP – 1,449


1:22 a.m.

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Ekiti South-West LGA

ADC- 1,076

APC – 14,705

PDP – 1,800

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1:13 a.m.

Ikere LGA

ADC- 245

APC – 11,116

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PDP – 9,892


1:12 a.m.

Ijero LGA

ADC- 2,026

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APC – 25,506

PDP – 2,479


1 a.m.

Efon LGA

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ADC- 201

APC – 8,742

PDP – 2051


12:59 a.m.

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Emure LGA

ADC – 732

APC – 14,325

PDP – 851

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12:57 a.m. The announcement of results from the LGAs has begun.


12:37 a.m. The Returning Officer for the Ekiti State governorship election is the Vice-Chancellor of the Federal University of Technology, Professor Adenike Oladiji.


12:35 a.m. INEC has begun the collation of results of the Ekiti State governorship election. The exercise is taking place in Ado Ekiti, the state capital.


11:51 p.m. As of 11:50 p.m., 97.18 per cent of the Ekiti State governorship election results have been uploaded on the INEC IReV portal. Results have been submitted from 2,376 out of 2,445 polling units.

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9:27 p.m. The Resident Electoral Commissioner in Ekiti State, Bunmi Omoseyindemi, has said that the official collation of the governorship election results from the LGAs will commence at 10 p.m. on Saturday.


9:21 p.m. The Resident Electoral Commissioner, Bunmi Omoseyindemi, has explained that 19 political parties were contained in the ballot paper for the Ekiti election to avoid the financial cost of printing fresh ballot papers due to court orders.


8:32 p.m. Shogunle also says one person was arrested for ballot box snatching during the election.


8:23 p.m. Commissioner of Police in charge of security for the Ekiti State governorship election, Abayomi Shogunle, says the police have not received any report of vote buying in the exercise so far.

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7:59 p.m. Yiaga Africa’s Samson Itodo says 24 incidents of violence were reported across 10 local government areas during the ongoing Ekiti State governorship election.


4:35 p.m. INEC has commenced the upload of polling unit results from the Ekiti State governorship election to its Result Viewing Portal (IReV), after the official close of voting.

As of 6p.m. on Saturday, the commission had uploaded 846 results out of the 2,445 expected polling unit results, representing 34.60 per cent of the total.


4:30 p.m. INEC says that all 2,445 PUs were successfully opened for the governorship election earlier in the day. According to the body, 2,257 PUs (92.31 per cent) opened on schedule before 8:30 a.m, while 188 PUs (7.69 per cent) experienced minor delays but commenced voting before 10:30 a.m.

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4 p.m. Voting was still ongoing as of 4 p.m. at Polling Unit 006, where the PDP candidate cast his vote, as some of the voters insisted that they must exercise their civic responsibility.


3:35 p.m. Channels Television correspondent provides an update on the election as collation begins at different polling units in the state.


 

3:40 p.m. Chairman of the Ekiti All Progressives Congress (APC) Campaign Organisation and Governor of Kaduna State, Uba Sani, has said that the outcome of today’s governorship election will be a referendum on the performance of the President Bola Tinubu government, its acceptance, and the popularity of the party in Ekiti State.

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3:13 p.m. Yiaga Africa urges citizens and stakeholders to keep a close eye on the preparedness, transparency, and neutrality in the Ekiti State governorship election.


2:43 p.m. Sorting of votes has commenced at Polling Unit 001, Ado D Ijigbo in Ado LGA. Various party agents and security agents are currently monitoring the exercise.


2:37 p.m. Sorting and counting commenced at Polling Unit 008, Ugele/Arokun ward, Ikere Local Government Area.

But the exercise became rowdy at the polling unit as party officials and members argued over the validity of ballot papers.

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1:50 p.m. Social Democratic Party candidate Olugbenga Obafemi has cast his vote in Ekiti governorshjip election.


12:31 p.m. Candidate of the APC and incumbent governor Oyebanji has dismissed allegations of voter harassment and intimidation raised by the PDP’s Oluyede, describing the conduct of the election as satisfactory.

 

Speaking with journalists after casting his vote at Polling Unit 003, Okelele, Ikogosi-Ekiti in Ekiti West Local Government Area, the governor, who was accompanied by his wife, Olayemi, said anyone making such allegations must provide evidence to substantiate their claims.

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He urged eligible voters who had yet to vote to come out and discharge their civic responsibility peacefully.


11:05 A voter and resident of Ikogosi, Fatokun Babatunde, commends INEC and security agencies for the peaceful and orderly conduct of the election process so far.

He also urges the people of Ekiti State to reject violence and uphold peace, stressing that despite political differences, they remain one people united by a common heritage and shared future.


10:19 a.m. Polling Unit 003 in Ikogosi, Ekiti West Local Government Area, awaits the arrival of the APC governorship candidate and incumbent governor, Biodun Oyebanji, who is expected to cast his ballot shortly.

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Channels TV correspondent Eyitope Kuteyi reports a surging crowd at the polling unit, alongside a heavy security presence comprising personnel of the Nigerian Army and the Nigeria Security and Civil Defence Corps (NSCDC).


10:10 a.m. Africa Democratic Congress candidate Dare Bejide has cast his vote in the ongoing Ekiti State governorship election.

Bejide, however, raised concerns about alleged vote buying


10 a.m. An observer and First Vice President of the Nigerian Bar Association, Sebastian Anyia, says the election process has so far been peaceful and orderly, with voter turnout proving encouraging.

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He expresses optimism that the smooth conduct witnessed will be sustained across all 16 local government areas until the conclusion of the exercise.


9:58 a.m. The PDP governorship candidate, Oluwole Oluyede, has cast his vote in the ongoing Ekiti State governorship election.

He voted in polling unit 006 in Ugele/Arokun ward, Ikere LGA.

Oluwole expressed dissatisfaction with the conduct of the exercise, saying that most voters at his polling unit had yet to cast their votes due to a problem with the BVAS.

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9:56 a.m. Peoples Democratic Party candidate Oluwole Oluyede has arrived at his polling unit in Ikere LGA to ast his vote in the ongoing Ekiti State governorship election.

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