Former Vice President Atiku Abubakar has called on the National Assembly to withhold approval of President Bola Tinubu's proposed $20.52 billion and €1.045 billion external loans until the Federal Government provides Nigerians with detailed information about how the money will be spent. The development has sparked renewed debate over government borrowing, transparency, public debt and the management of Nigeria's finances ahead of the 2027 general elections. Atiku Questions Tinubu's Fresh Loan Request Atiku, the African Democratic Congress (ADC) presidential candidate, expressed concern over the scale and timing of the proposed foreign borrowing. In a statement issued on October 27, 2026, by Phrank Shaibu, Director of Strategic Communication of the ADC Presidential Campaign Council, Atiku maintained that Nigerians deserved a detailed explanation of the projects the loans would finance. He argued that listing broad sectors was insufficient without providing project-by-proje...
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