PDP slams Tinubu’s new loan request, warns of economic consequences - Newstrends
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PDP slams Tinubu’s new loan request, warns of economic consequences

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"I Was Sitting on a Hot Burner" — Tinubu Defends Fuel Subsidy Removal
President Bola Ahmed Tinubu

PDP slams Tinubu’s new loan request, warns of economic consequences

The Peoples Democratic Party (PDP) has strongly criticized President Bola Ahmed Tinubu’s latest request to borrow $21.5 million and ¥15 billion, along with a €65 million grant from international financial institutions.

The opposition party described the move as both contradictory and dangerous to Nigeria’s economic stability.

The loan request, which was transmitted to the National Assembly last Tuesday, seeks legislative approval as part of the Medium-Term Expenditure Framework (MTEF) for the 2025–2026 fiscal period.

However, many Nigerians have criticised the loan request.

Some critics, including economists and civic advocates, have questioned the necessity of external borrowing in the aftermath of the fuel subsidy removal, a policy that was expected to free up resources for domestic development.

They argue that the subsidy removal should have created fiscal space to meet the nation’s financial needs without resorting to additional borrowing. Some others are concerned about Nigeria’s rising debt profile and the long-term implications for future generations.

At a press conference on Wednesday, the PDP National Publicity Secretary, Debo Ologunagba, questioned both the rationale for fresh borrowing and the earlier removal of fuel subsidy, which the government had claimed would ease fiscal pressure and reduce reliance on loans.

“Only last week, the president had just asked for and requested for a $24.5 billion loan. What they said that is actually very annoying was that they’re going to use that money to cushion the effect of subsidy removal. We were here when they said to us, ‘we’re going remove subsidies, therefore, we will not borrow anymore. We’re not going to put subsidy on petrol, and therefore, there’ll be more money to provide cushioning policies and programmes, to take away the pain of the subsidy.” So the question is – where is the money if indeed you’re going to borrow money to cushion the effect of subsidy, two years after?” he said.

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Mr Ologunagba added that the policy inconsistency has left many Nigerians suffering under worsening economic conditions.

“Many people have died on account of the irresponsibility of this government, because of their impoverishment and that’s why we’re here. So they said that part of that money will be used to take care of pensioners. Pension is a contributory scheme. So where’s the money?” he said.

The PDP spokesperson also criticised the National Assembly, accusing it of failing in its oversight duties.

He insisted that the opposition is not merely criticising for political gain but seeking better governance.

“The National Assembly should interrogate, which they’re not doing, of course, they have declared that whatever the president says, is okay by them, and we have seen it. These are the things that Nigerians are going to challenge in 2027.

“One thing is clear, and Nigerians should recognise that, we’re not in opposition to just criticise. It is better for this country to do well, so that all of us can benefit from it. It is not in our interest that the government fails, but the government must be ready to listen to alternative views that could help us build a country that all of us can have what we call the pursuit of happiness,” Mr Ologunagba said.

According to Nigeria’s Debt Management Office (DMO), as of 31 December 2024, Nigeria’s total public debt stood at N144.7 trillion (approximately $94.2 billion). About 51.4 per cent of the total (N74.4 trillion) is domestic debt while 48.6 per cent (N70.3 trillion) is external debt.

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The rising debt has resulted in increased debt servicing costs. In 2023, Nigeria spent N7.8 trillion on debt servicing, a 121 per cent increase when compared to N3.52 trillion in the previous year.

The amount spent on debt servicing rose to N13.12 trillion in 2024, a 68 per cent increase from the 2023 figure. These high debt servicing costs means less funds for important sectors such as infrastructure and social services, potentially hindering economic growth and development.

Government’s justification
The Federal Ministry of Finance defended the borrowing plan last Wednesday. The ministry’s Director of Information and Public Relations, Mohammed Manga, said the loans are part of a strategic, structured approach aligned with Nigeria’s economic priorities.

He said the funds are earmarked for the 2025–2026 fiscal period and are part of the Medium-Term Expenditure Framework (MTEF).

MTEF is a planning and budgeting tool that helps the government manage its finances over a medium-term period, typically three years.

Mr Manga explained that the funds will be sourced from reputable development partners like World Bank, African Development Bank, French Development Agency, European Investment Bank, Japan International Cooperation Agency (JICA), China EximBank and Islamic Development Bank.

He said the funds will be used to support several infrastructure and security initiatives of the government including expansion and upgrade of power grids and transmission lines, development of irrigation systems to boost food security, installation of a nationwide fibre optics network, procurement of fighter jets to strengthen national security and enhancement of rail and road infrastructure across geopolitical zones.

The director noted that the projects will span multiple states, including Abia, Bauchi, Borno, Gombe, Kaduna, Lagos, Niger, Oyo, Sokoto, and Yobe, reflecting a national development agenda.

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Tinubu Gets Court Relief as US Judge Rejects Fresh Move in FBI, DEA Case

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Tinubu Gets Court Relief as US Judge Rejects Fresh Move in FBI, DEA Case
President Bola Ahmed Tinubu
Tinubu Gets Court Relief as US Judge Rejects Fresh Move in FBI, DEA Case

A United States federal court has rejected a fresh attempt by Aaron Greenspan to obtain additional information directly from President Bola Ahmed Tinubu and a Washington-based lobbying firm, DCI Group, in an ongoing legal battle over historical FBI and DEA records.

The ruling, delivered on Friday, October 30, 2026, by the United States District Court for the District of Columbia, dismissed Greenspan’s application to serve additional discovery requests on Tinubu and subpoena documents from DCI Group AZ LLC and/or its parent company.

However, the decision was not an outright victory for the Nigerian President or the American federal agencies, as the court also directed the Federal Bureau of Investigation (FBI) and the Drug Enforcement Administration (DEA) to provide further explanations for withholding certain historical records.

Judge Beryl Howell ruled that Greenspan’s proposed discovery requests were not sufficiently relevant to the central issues in the Freedom of Information Act (FOIA) lawsuit.

The judge emphasised that the application concerned the legal process for obtaining government records and did not establish that Tinubu committed any drug-related offence.

Greenspan, who is representing himself in the lawsuit, had asked the court for permission to serve six interrogatories, four requests for admission and one request for production on Tinubu.

He also sought permission to subpoena documents from DCI Group AZ LLC and/or its parent company.

The proposed discovery was connected to allegations of repeated, large-scale distributed denial-of-service (DDoS) attacks on Greenspan’s website, PlainSite.

Greenspan claimed the alleged cyberattacks disrupted his ability to publish materials relating to the litigation.

He argued that the attacks suggested that some individuals were closely monitoring the case and might have an interest in preventing public access to documents.

However, he did not accuse Tinubu of organising or carrying out the alleged cyberattacks.

In rejecting the application, Judge Howell held that investigating the source of the alleged attacks would not help determine whether the FBI and DEA had conducted adequate searches or lawfully withheld information.

The court consequently found that the proposed discovery failed to meet the relevance and proportionality requirements under American civil procedure rules.

The decision represents another development in the lengthy legal dispute over access to historical American investigative records concerning Tinubu.

The lawsuit, filed on June 12, 2023, followed a series of FOIA requests submitted by Greenspan between 2022 and 2023 to six American government agencies.

The agencies included the FBI, DEA, Central Intelligence Agency (CIA), Internal Revenue Service (IRS), Executive Office for US Attorneys and Department of State.

Greenspan sought investigative records relating to an alleged Chicago-based heroin trafficking and money-laundering operation investigated by American law enforcement agencies in the early 1990s.

Tinubu and another Nigerian, Abiodun Agbele, were among the individuals identified in the requests.

The case took a significant turn in April 2025 when Judge Howell ruled that the FBI and DEA could no longer rely on their earlier refusal to confirm or deny whether the requested records existed.

The judge noted that previous public court documents had already acknowledged aspects of the investigations involving the individuals named in the requests.

The agencies were subsequently required to search for the records and justify any information withheld under applicable FOIA exemptions.

According to the latest court proceedings, the FBI processed 399 pages, releasing 30 pages in full while withholding others entirely or partially. The agency also identified 59 duplicate pages.

The DEA processed 240 pages but did not release any of them in full.

Significantly, Judge Howell observed that none of the records released by either agency contained Tinubu’s name, despite his inclusion in the original requests.

Tinubu had earlier intervened in the proceedings to protect his privacy interests, particularly concerning personal information contained in the historical investigative records.

His legal team argued that sensitive personal information should not be disclosed, maintaining that the President’s privacy interests deserved protection.

However, Judge Howell questioned some of the agencies’ reliance on privacy exemptions, noting that Tinubu was already a public official during the period covered by the records, having been a candidate for and subsequently a member of the Nigerian Senate.

The court also recognised the public interest in understanding how American law enforcement agencies investigated the historical case and handled the records.

Beyond rejecting Greenspan’s discovery application, the judge delivered a mixed decision on the substantive FOIA dispute.

Judge Howell granted the FBI summary judgment concerning the adequacy of its search and its reliance on one statutory exemption but rejected the broader summary judgment applications by both sides on the remaining issues.

The judge particularly questioned some of the FBI and DEA’s explanations for withholding information under statutory exemptions relating to personal privacy, confidential sources and potential harm to individuals.

One issue concerned the FBI’s continued redaction of information from an affidavit by an IRS special agent, Kevin Moss, which had previously appeared in public court records.

The court questioned why some information already available in public documents remained withheld in the agencies’ disclosures.

Judge Howell also found that some of the agencies’ explanations did not adequately demonstrate the foreseeable harm that could result from releasing the disputed information.

Consequently, the FBI and DEA were directed to prepare supplementary declarations explaining their continued withholding of certain records.

The agencies were also ordered to confer with Greenspan and propose an expedited schedule for further proceedings.

The October 30 ruling did not order the immediate release of additional records. Any further disclosure will depend on whether the agencies can provide sufficient legal justification for their withholding decisions and satisfy the court’s requirements.

For Tinubu, the decision means Greenspan cannot use the proposed discovery process to obtain additional information directly from him or DCI Group in the manner requested.

However, the wider legal battle over access to the historical investigative records remains unresolved.

Importantly, the lawsuit is a Freedom of Information Act dispute, not a criminal trial against the Nigerian President. The latest ruling does not establish that Tinubu committed any drug-related offence, nor does it amount to a judicial determination of his guilt or innocence regarding the historical allegations.

The next stage of the proceedings will focus on the supplementary explanations from the FBI and DEA and whether the agencies can justify continuing to withhold the disputed records.

 

Tinubu Gets Court Relief as US Judge Rejects Fresh Move in FBI, DEA Case

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2027 Presidency: Allah’s Will Must Prevail, Tinubu Declares in Makkah

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2027 Presidency: Allah’s Will Must Prevail, Tinubu Declares in Makkah
President Bola Ahmed Tinubu
2027 Presidency: Allah’s Will Must Prevail, Tinubu Declares in Makkah

President Bola Ahmed Tinubu has declared that the will of Almighty Allah must prevail in determining who leads Nigeria after the 2027 presidential election, saying his political future ultimately rests in God’s hands.

Tinubu made the declaration in Makkah, Saudi Arabia, shortly after performing the lesser Hajj, known as Umrah, at the Grand Mosque, Masjid al-Haram, on Friday.

The President spoke while responding to journalists who asked about the significance of his return to the holy city after visiting Makkah ahead of the 2023 presidential election, which he won.

Tinubu described the visit as significant, expressing confidence in divine guidance and acknowledging that the outcome of the forthcoming political contest was beyond human control.

“I believe the love of the people, the commitment to the job, and the physical commitment to it. I believe that Allah’s wish in His court must prevail. And there’s no other God but Allah,” he said.

He added that Allah alone determines what a person becomes in life, stressing the importance of faith and prayer as Nigeria approaches another electoral cycle.

The President also described the pilgrimage as a spiritual experience for him and the country, saying he felt fulfilled after completing the religious rites.

“It’s a spiritual thing for me and the country, Nigeria. I’m grateful to Allah for this opportunity,” he said.

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Tinubu said he and members of his delegation had prayed for Nigeria, particularly for peace, unity, harmony and happiness among citizens.

“We just prayed for our nation. We prayed for everyone to live in harmony, happiness, and faith in God Almighty,” he added.

The President’s comments come as political activities gather momentum ahead of the 2027 general election, in which he is seeking another presidential mandate under the platform of the All Progressives Congress (APC).

Tinubu formally launched his re-election campaign at a rally in Kaduna on October 24, urging supporters to give him another term in office.

His major challengers include former Vice-President Atiku Abubakar, who is associated with the African Democratic Congress, and Peter Obi, the presidential candidate of the Nigeria Democratic Congress, among other political contenders.

The President’s Makkah visit also provided an opportunity for members of his delegation to seek divine intervention for Nigeria, particularly over insecurity, national unity and the conduct of the forthcoming elections.

Chairman of BUA Group, Abdul Samad Rabiu, who accompanied Tinubu, said the delegation had prayed for lasting peace, national unity and a successful electoral process.

Rabiu described the visit as an opportunity to seek God’s intervention at a critical period in the country’s political development.

He said the delegation would continue praying for peaceful, free and fair elections, expressing hope that Nigeria would overcome its challenges.

Governor Babagana Zulum of Borno State also emphasised the need for lasting peace and stability, saying security remained essential to the country’s future and the success of the electoral process.

Zulum said Nigerians needed to work towards national unity and peaceful coexistence, adding that the delegation had prayed for an end to insecurity.

Governor Ahmadu Fintiri of Adamawa State described the pilgrimage as part of a collective effort to seek divine guidance for the country and its electoral process.

He said the delegation had prayed for God to grant Nigerians the leadership and future that would serve their interests.

Governor Ahmad Aliyu of Sokoto State also said the visit provided an opportunity for the country’s leaders to pray for peace, stability and progress.

Meanwhile, Tinubu’s Special Adviser on Media and Special Duties, Tunde Rahman, said the President had maintained a longstanding practice of undertaking spiritual visits to seek divine guidance.

Rahman said he had accompanied Tinubu on such visits since around 2016, adding that the President regularly used the opportunity to pray for himself and the country.

He described the current pilgrimage as particularly important because Nigeria was approaching another general election.

In a separate statement, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, said Tinubu performed the Umrah in the early hours of Friday and offered prayers of gratitude to Allah for Nigeria and its people.

According to the statement, the President prayed for sustainable peace, national unity, harmony and stability, while asking God to guide the country’s leaders and grant Nigeria lasting relief from insecurity and other challenges.

Tinubu also reaffirmed his administration’s commitment to building a peaceful and prosperous country where Nigerians, irrespective of their religious or social backgrounds, could live in safety and dignity.

The President departed Abuja for Saudi Arabia on Thursday, October 29, and is expected to return to Nigeria next week after completing the spiritual exercise.

2027 Presidency: Allah’s Will Must Prevail, Tinubu Declares in Makkah

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Breaking: Two Fresh Ebola Cases Emerge in North-East, says NCDC, begins test

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WHO Declares Ebola Emergency as Nigeria Activates Nationwide Monitoring

Breaking: Two Fresh Ebola Cases Emerge in North-East, says NCDC, begins test

Nigeria’s efforts to contain the Ebola virus disease outbreak have come under renewed pressure following the identification of two suspected cases in the North-East, prompting health authorities to isolate the individuals and intensify investigations to determine their infection status.

The Nigeria Centre for Disease Control and Prevention (NCDC) disclosed the development on Saturday, saying both individuals had been isolated while contact identification, listing and laboratory investigations were ongoing.

The latest development has heightened public health concerns, coming barely 11 days after Nigeria confirmed its first case of Ebola disease in the Federal Capital Territory (FCT), involving a 42-year-old woman who arrived in Abuja from Uganda through Addis Ababa on October 3.

In its latest update on the disease situation, the NCDC stressed that the classification of the two individuals as suspected cases did not mean they had tested positive for the virus, explaining that only laboratory investigations could establish their status.

The agency said samples collected from the individuals were undergoing laboratory testing, while surveillance teams were working to identify and document people who might have had contact with them.

It assured Nigerians that further information would be made available as investigations progressed and verified details emerged.

The emergence of the suspected cases in the North-East comes against the backdrop of an ongoing national response to the confirmed Ebola infection in Abuja.

Nigeria confirmed the case on October 20 after the woman, who had developed symptoms days after arriving in the country, was admitted to a private health facility. The infection was subsequently established through laboratory tests.

The development triggered an intensified public health response, including the activation of the national Incident Management System, isolation arrangements, enhanced surveillance and contact tracing.

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According to the NCDC’s October 29 situation report, 62 contacts linked to the confirmed case had been identified and placed under monitoring, with no positive cases recorded among them at the time.

The infected woman, who was reported to be clinically stable, was subsequently evacuated to Switzerland on October 26 following a formal request from her country and clearance by Nigerian authorities.

The latest suspected cases in the North-East will require further investigation to establish whether they are connected to the earlier outbreak or represent separate alerts.

Ebola virus disease is a severe and potentially fatal infectious disease transmitted through direct contact with the blood, bodily fluids or tissues of an infected person or animal, as well as contaminated materials.

Symptoms may include fever, severe weakness, headache, muscle pain, vomiting and diarrhoea, although the disease can initially resemble other common illnesses.

Health authorities have repeatedly emphasised that early detection, prompt isolation, effective infection prevention and control, and thorough contact tracing are critical to preventing further transmission.

Against this background, the NCDC urged Nigerians to maintain strict personal hygiene, particularly regular handwashing with soap and running water or the use of alcohol-based hand sanitisers.

It also advised the public to maintain environmental sanitation, avoid direct contact with the blood and bodily fluids of anyone suspected of having the disease and comply with preventive measures issued by public health authorities.

The agency further urged Nigerians to remain calm, avoid spreading unverified information and rely on official communication for updates on the situation.

As investigations continue in the North-East, attention will be focused on the outcome of the laboratory tests and the ability of health authorities to promptly identify any possible transmission links.

The immediate priority remains ensuring that suspected infections are quickly investigated, potential contacts identified and appropriate containment measures sustained to prevent a wider outbreak.

 

 

Breaking: Two Fresh Ebola Cases Emerge in North-East, says NCDC, begins test

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