Tinubu desires to borrow $20.5b, €1.04b to purchase votes in 2027 – Kenneth Okonkwo raises alarm

A chieftain of the African Democratic Congress, ADC, Kenneth Okonkwo, has raised the alarm over the plan of President Bola Tinubu to borrow $20.5 billion and €1.04 billion, about N30.2 trillion on what he described because the “eve of the 2027 general elections”.

Speaking throughout an interview on News Central Television on Wednesday, Okonkwo mentioned the recommendation to borrow such an enormous quantity will need to have come from a madman and is focused at vote-buying.

According to him, the mortgage will not be for growth however to rig the 2027 election.

“The advice to Tinubu to borrow $20.5b and €1.04b (N30.2trn) on the eve of the election must have come from a madman and is targeted to be used to buy votes,” he mentioned.

Okonkwo additionally declared that 2027 will probably be a battle for the soul of Nigeria.

He mentioned, “In 2027, it is either Tinubu goes, or Nigeria goes, but both of them cannot go together.”

Some Nigerians have reacted to his allegation, questioning the rationale behind the massive borrowing at a time the nation is already closely indebted.

The Presidency is but to react to the allegation on the time of submitting this report.