Atiku Accuses Tinubu Administration Of Fiscal Mismanagement Over ₦12.62 Trillion 2024 Borrowing

Atiku Accuses Tinubu Administration of Fiscal Mismanagement Over ₦12.62 Trillion 2024 Borrowing Former Vice President and presidential candidate of the African Democratic Congress ADC, Atiku Abubakar, has criticised President Bola Tinubu’s administration, accusing it of poor fiscal management over the Federal Government’s reported ₦12.62 trillion borrowing in 2024. Atiku described the borrowing figure as evidence that the government had allegedly lost control of Nigeria’s finances, warning that continued reliance on debt could worsen the country’s economic challenges. He questioned the administration’s borrowing strategy and called for greater transparency and accountability in the management of public funds.

The former vice president argued that the scale of borrowing raised concerns about debt sustainability, especially amid rising living costs and economic pressures facing Nigerians. He urged the government to prioritise prudent spending, reduce waste, and implement policies that would promote economic stability and growth.

However, supporters of the Tinubu administration have defended its economic policies, arguing that borrowing has been targeted at financing critical infrastructure, supporting reforms, and addressing longstanding economic challenges. They maintain that the government inherited significant fiscal difficulties and is taking steps to reposition the economy. The controversy adds to the growing political debate ahead of the 2027 general elections, with opposition figures using economic management, public debt, and government spending as key issues in their criticism of the ruling administration.