The African Democratic Congress (ADC) has condemned Speaker of the House of Representatives Tajudeen Abbas for retracting his earlier remarks on Nigeria’s escalating debt profile. According to party spokesman Bolaji Abdullahi, the Speaker initially warned that the nation’s debt‑to‑GDP ratio had surpassed the statutory limit of 40 percent, standing at 52 percent, and linked the surge to President Bola Tinubu’s administration.
Abbas later withdrew that statement, prompting the ADC to label the move as political cowardice and legislative complicity. The party praised the Speaker’s first admission as a rare moment of honesty, but argued that his reversal demonstrated a preference for political expediency over transparency and accountability. Abdullahi emphasized that the initial comment offered a glimpse of truth, which was quickly suppressed in favor of “political correctness.”
Nigeria’s debt profile has become a growing concern, with the country’s debt stock rising sharply in recent years. Critics accuse the National Assembly of complicity in the crisis, claiming that legislators have done insufficient to address the problem. The ADC’s criticism underscores the need for greater transparency, accountability, and robust legislative oversight in tackling Nigeria’s fiscal challenges. As the debate over the nation’s debt sustainability continues, observers will watch how the National Assembly responds to mounting public concern.
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