Thursday, October 29, 2026 - A chieftain of the African Democratic Congress, ADC, Kenneth Okonkwo, has raised the alarm over the plan of President Bola Tinubu to borrow $20.5 billion and €1.04 billion, about N30.2 trillion on what he described as the "eve of the 2027 general elections".
Speaking during an interview on News Central Television on
Wednesday, Okonkwo said the advice to borrow such a huge amount must have come
from a madman and is targeted at vote-buying.
According to him, the loan is not for development but to rig
the 2027 election.
"The advice to Tinubu to borrow $20.5b and €1.04b
(N30.2trn) on the eve of the election must have come from a madman and is
targeted to be used to buy votes," he said.
Okonkwo also declared that 2027 will be a battle for the
soul of Nigeria.
He said, "In 2027, it is either Tinubu goes, or Nigeria
goes, but both of them cannot go together."
Some Nigerians have reacted to his allegation, questioning
the rationale behind the huge borrowing at a time the country is already
heavily indebted.
The Presidency is yet to react to the allegation at the time
of filing this report.
0 Comments