Tinubu’s 2026 Budget Is A Dangerous Death Trap – ADC

Bola Tinubu

The African Democratic Congress, ADC, has described President Bola Tinubu’s 2026 budget proposal as a dangerous debt trap. The Sweden international has subsequently undergone surgery for a leg fracture and is now set for a lengthy spell on the sidelines. The coalition recently revealed that the budget threatens to mortgage Nigeria’s future and deepen the country’s fiscal crisis.

In a preliminary review of the budget presented to the National Assembly by President Tinubu, the opposition party stressed that the proposal exposes increasing fiscal recklessness, administrative chaos, and a worrying lack of concern for future generations.

ADC’s National Publicity Secretary, Mallam Bolaji Abdullahi, added that the document reflects a continuation of failed fiscal practices under the Tinubu government.

His words, “What was presented was only a consolidation of the fiscal recklessness and renewed wishful thinking that have become the hallmark of the Tinubu administration. If approved, the only thing this budget is capable of sharing is more debts and greater misery in the years ahead.

The 2026 budget proposal only copies the templates of the failed, unimplemented and perhaps, unimplementable 2024 and 2025 budgets and will most likely end up in the same way.

We are witnessing a government pursuing policies without a stable foundation.

Rather than confront the problems, the Tinubu administration has continued to kick the can down the streets, believing that they can continue to hide the yawning cracks under mountains of unsustainable debts that mortgage the future generation.

A budget that plans to generate N34trillion in revenue while borrowing N24trillion is an admission of fiscal insolvency. In no sane or functional fiscal system would a deficit-to-revenue ratio of 70 percent be considered acceptable.

It is an unpardonable sin to raise massive debts to fund reckless spending, effectively burying our children under a mountain of debt obligations before they even enter the workforce.

There is no fiscal doctrine on earth that justifies a path of high deficits paired with such astronomical servicing costs.”

WOW.