ADC Flags Tinubu’s 2026 Budget as Debt-Laden, Threat to Future Generations

The African Democratic Congress (ADC) has condemned President Bola Tinubu’s proposed 2026 budget, describing it as a “dangerous debt trap” that risks mortgaging Nigeria’s future and exacerbating the country’s fiscal challenges.

In a statement on Monday, the National Publicity Secretary of the party, Bolaji Abdullahi, accused the Tinubu administration of fiscal recklessness, administrative disarray, and a glaring disregard for the welfare of future generations.

Abdullahi dismissed claims by the government that the 2026 budget represents a “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” arguing that it merely continues failed fiscal practices witnessed in previous years.

“What was presented is only a consolidation of fiscal recklessness and wishful thinking, hallmarks of the Tinubu administration. If approved, the only thing this budget will share is more debts and greater misery in the years ahead,” the statement said.

The ADC criticized the revenue projections in the budget, describing them as unrealistic. The party recalled that revenue rose to about N20 trillion in 2024 largely due to currency devaluation, doubled to N40 trillion in 2025, and surged to N58.57 trillion in the 2026 proposal.

Abdullahi also questioned the $64-per-barrel oil benchmark used in the budget, warning that volatile oil prices and weakening global demand render the assumptions “risky and detached from reality.”

The party further argued that the N34 trillion revenue target fails to account for alternative economic scenarios and depends on conditions that no longer exist.

The ADC’s reaction adds to growing concerns about Nigeria’s fiscal trajectory under the Tinubu administration, as stakeholders continue to debate the sustainability of revenue assumptions and the country’s rising debt profile.