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The African Democratic Congress (ADC) Legislators’ Forum has criticised President Bola Ahmed Tinubu over a new request for Senate approval of a $516,333,070 external loan tied to the proposed Sokoto–Badagry Super Highway project.
In a statement issued on Thursday, the forum described the move as part of what it called the administration’s “borrowing binge,” accusing the government of relying too heavily on debt financing without presenting a clear long-term repayment strategy.
According to the group, while infrastructure development remains important, Nigerians deserve clarity on the financial terms, expected economic returns, and how the country intends to service additional debt obligations. The ADC said no serious opposition would oppose development projects, but argued that borrowing must be backed by transparency and fiscal discipline.
The forum warned that Nigeria is already facing a heavy debt burden, with debt servicing consuming a large share of national revenue. It said continued external borrowing could deepen economic pressure and weaken the country’s future financial flexibility.
The statement further questioned the timing of the loan request, as political activity ahead of the next general election is gradually gathering momentum. The group said citizens are entitled to ask whether the borrowing is strictly for development purposes or whether political considerations are influencing major financial decisions.
The ADC Legislators’ Forum also urged the National Assembly, especially the Senate, not to approve the request without a thorough review. It called for full disclosure of project costs, procurement procedures, cost-benefit analysis, and a credible repayment framework before any approval is granted.
Beyond criticism, the group urged the government to prioritise policies that can grow the economy through industrial expansion, productivity, job creation, and plugging revenue leakages rather than depending on loans.
It concluded that Nigeria is at a defining moment, arguing that the country must choose between sustainable growth built on discipline and reforms, or a continued path of debt dependence.
