The African Democratic Congress (ADC) has raised serious concerns over President Bola Tinubu’s proposed 2026 budget, describing it as a “debt trap disguised as reform.”
The party warned that the plan, which relies heavily on borrowing and what it considers overly optimistic revenue projections, risks mortgaging Nigeria’s future and worsening the country’s fiscal challenges.
In a statement on Monday, ADC National Publicity Secretary Bolaji Abdullahi criticized the ₦58.18 trillion 2026 Appropriation Bill, saying it reflects the Tinubu administration’s “pattern of fiscal irresponsibility and unrealistic projections.”
Abdullahi argued that instead of delivering meaningful economic reform, the budget entrenches structural fiscal vulnerabilities that could deepen Nigeria’s financial crisis.
President Tinubu presented the 2026 budget to the National Assembly on Friday, emphasizing hopes for a gradual economic recovery and pledging tighter fiscal controls.
Despite these assurances, the ADC contends that the proposed spending plan could saddle the nation with unsustainable debt levels, undermining long-term economic stability.
The warning from the ADC adds to growing scrutiny of the government’s budgetary approach, as lawmakers and economic analysts examine whether the ambitious revenue assumptions and borrowing strategies are realistic in the current economic climate.
