The African Democratic Congress (ADC) Legislators' Forum has rejected President Bola Tinubu's request for a $516,333,070 external loan to fund the Sokoto–Badagry Super Highway project. The lawmakers criticised the administration's reliance on borrowing, calling it reckless and unsustainable. They warned the move threatens Nigeria's fiscal stability and undermines economic sovereignty. The forum stressed that debt servicing already consumes a large share of national revenue, leaving little room for new loans.
ADC lawmakers questioned the timing of the loan request, noting it comes ahead of a general election cycle. They expressed concern that the funds may be used for political patronage rather than genuine development. The legislators urged the Senate to resist acting as a rubber stamp and to demand full disclosure on procurement, financial details and cost-benefit analysis. Transparency, they said, is essential before any approval.
The forum called for a shift from borrowing to policies that boost productivity, industrial growth and job creation. They argued that leadership should not depend on debt to deliver results. According to the lawmakers, future generations will bear the burden of current financial decisions. The statement was signed by Uko Ndukwe Nkole, ADC National Legislators' Forum chairman, and regional members including Nnenna Ukeje, Sergius Ogun, Ajagbe H, Zakari Mohammed, Koko Shehu and Maigari Bello M.
President Tinubu is pushing a $516 million loan for a highway while Nigeria's debt service-to-revenue ratio is already unsustainable. The ADC lawmakers, who once backed this administration, now accuse it of prioritising debt over accountability. If the same officials who supported Tinubu now see his borrowing as reckless, what does that say about the economic direction? Nigerians named in the statement are signalling a growing internal rift over fiscal policy.
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