The African Democratic Congress Presidential Campaign Council (ADC-PCC) has accused President Bola Tinubu’s administration of accumulating huge debts without delivering tangible development projects to Nigerians.
The council described as an insult to Nigerians a statement by the President’s Special Adviser on Information and Strategy, Mr Bayo Onanuga, that “the question is what we build, not how much we borrow.”
The ADC-PCC’s Director of Media and Publicity, Mr Kola Ologbondiyan, stated this in a statement issued in Abuja on Wednesday.
Ologbondiyan challenged the Federal Government to identify concrete projects executed with the loans obtained since Tinubu assumed office in 2023.
He alleged that the administration’s only visible electricity-related project was a solar farm installed to provide power within the Presidential Villa, while millions of Nigerians continued to experience unreliable electricity supply.
The council claimed that several major infrastructure projects advertised by the government, including the Lagos-Calabar Coastal Highway, Sokoto-Badagry Superhighway and Trans-Sahara Superhighway, had recorded little tangible progress.
It also expressed concern over the prolonged construction of the Abuja-Kaduna-Kano Highway, saying the project, awarded more than eight years ago, remained a source of hardship for motorists.
Ologbondiyan alleged that many projects being promoted by the administration were either inherited from the late President Muhammadu Buhari or existed mainly as announcements and conceptual designs.
He said Nigerians were facing hunger, insecurity, poverty and economic hardship, while government agencies and ministries were struggling to deliver essential services.
The council called on President Tinubu to demonstrate the benefits of the country’s growing debt burden by identifying projects completed with the loans obtained by his administration.
It also urged international donors, development partners and financial institutions to exercise greater scrutiny and demand transparency and accountability before extending additional loans to Nigeria.
The ADC-PCC further called on the National Assembly to strengthen its oversight responsibilities and ensure that borrowing was tied to projects capable of improving citizens’ living conditions.
It warned that indiscriminate borrowing without demonstrable benefits could burden future generations and undermine the country’s economic future.
The council maintained that borrowing was not inherently wrong but insisted that the funds must translate into measurable development and improved welfare for Nigerians.

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