Ndume: Tinubu Administration Has Borrowed Nearly ₦13 Trillion Without Approval

Ndume: Tinubu Administration Has Borrowed Nearly ₦13 Trillion Without Approval from the National Assembly

When a government resorts to covert borrowing, the foundations of democracy begin to crumble.

⚠️ STUNNING REVELATION FROM BORNO! 💣🧨: In a shocking disclosure that has reverberated throughout Nigeria 🇳🇬, Senator Ali Ndume from Borno South has accused President Bola Ahmed Tinubu's administration of secretly accruing over ₦13 trillion — an astonishing $9.45 billion — without the approval of the National Assembly ⚖️.

During his appearance on Arise News Prime Time, Ndume labeled this borrowing as reckless and poorly accounted for, emphasizing that many loans were aimed at dubious initiatives instead of essential national development projects 🚧. Loan Breakdown According to Ndume ⏳💸:
- $500 million – National Programme for Women (NPMWPS)
– June 2023 ♀️ - $800 million – Fuel subsidy palliative

– June 2023 ⛽ - $700 million – Adolescent girl initiative
– September 2023 🧕🏽 - $750 million – Renewable energy scale-up
– December 2023 ⚡🌱 - $1.5 billion – Economic Stabilisation Act
– June 2024 📉 - $750 million

– Technical assistance for the impoverished

– Date unspecified 🧑🏽�🏭 Ndume posed the pressing question on many minds: Where are the roads? Where are the jobs? Where's the impact? I Don't Oppose Borrowing, But... 🧠: He clarified his stance, stating he does not fundamentally oppose government borrowing — as nations like the USA 🇺🇸, Japan 🇯🇵, and China 🇨🇳 do the same. However, he highlighted a crucial distinction: Those countries borrow for concrete, accountable projects. Here? We're borrowing for vague initiatives that remain unclear.

Legislative Oversight? 🚫📜: When directly questioned about whether the National Assembly had approved these loans, Ndume's response was damning: "Not to my knowledge." This statement raises significant concerns regarding executive overreach and the integrity of Nigeria's democratic processes. It's About Duty, Not Personal Stake 🧭: Anticipating potential backlash, Ndume remarked: "If you were to count five northerners close to Tinubu, I'd be one of them. But I refuse to remain silent.

I took an oath to protect the people." He criticized what he termed "Tinubu's attack dogs," who focus on personalities rather than the substantive issues at hand. "They may label me as frustrated — but the truth is about accountability, not emotions." THE CORE ISSUE 🌍: This matter transcends loans — it touches the very essence of Nigeria's democracy.

When lawmakers are sidelined and trillions are borrowed in secrecy, it paves the way for corruption, mismanagement, and economic dependency on foreign lenders. What will happen when the next generation wakes up to find they are burdened with debts from which they never reaped any benefits? It's crucial for Nigerians to start questioning and demand clarity. CALL TO ACTION ✊: Should the Tinubu administration be required to disclose a detailed account of all foreign loans acquired since May 2023? Should the National Assembly initiate a formal investigation? And most importantly — should Nigerians remain silent while trillions are being handled without their knowledge? Share your opinions in the comments.

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