Atiku Slams Tinubu Over Borrowing, Questions Fiscal Management

Former Vice President Atiku Abubakar has criticised President Bola Tinubu's administration over what he described as excessive borrowing, accusing the Federal Government of mismanaging public finances despite rising oil revenues. He argued that the government's growing debt profile raises serious concerns about fiscal discipline and the long-term sustainability of Nigeria's economy.

In a statement issued on Wednesday, Atiku alleged that the Federal Government borrowed significantly more than the amount approved by the National Assembly under the 2024 Appropriation Act. He described the development as a breach of fiscal responsibility and called for greater transparency in the management of the country's finances.

The former vice president questioned why the government continued to rely heavily on borrowing despite benefiting from increased crude oil revenues. According to him, the administration should be prioritising prudent financial management and ensuring that public funds are used efficiently to address economic challenges affecting Nigerians.

Atiku also urged the National Assembly to strengthen its oversight responsibilities by ensuring that all government borrowing complies with constitutional and statutory provisions. He maintained that accountability in public finance is essential to restoring investor confidence and protecting future generations from unsustainable debt obligations.

The criticism comes amid ongoing political exchanges between the ruling All Progressives Congress and opposition leaders as debates over economic management and governance continue ahead of the 2027 general elections.