Politics
“APC Should Explain How Nigeria’s Debt Grew From 12 Trillion in 2015 to Over 120 Trillion in 2024. What Did They Do With the Money?” – Oseni Says
“APC Should Explain How Nigeria’s Debt Grew From 12 Trillion in 2015 to Over 120 Trillion in 2024. What Did They Do With the Money?” – Oseni Says....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie John
Oseni Rufai, a TV presenter for Arise TV, has publicly criticized the All-Progressives Congress (APC) for their mismanagement of Nigeria’s wealth since coming into power in 2015.
In a post on his X handle, he said: “The APC should honestly tell Nigerians how they grew Nigeria’s debt from 12 trillion in 2015 to over 120 trillion in 2024. Ask them what they did with the money?”
This sharp rise in debt has left many Nigerians questioning the effectiveness of the APC’s financial policies and their impact on the nation’s economy. Since taking office, the APC has promised economic reforms and infrastructure development, but the reality has been far from these promises. Instead, Nigeria has witnessed a staggering increase in debt, which has not translated into tangible improvements in the lives of its citizens.
Mismanagement and Lack of Transparency
Critics argue that the APC’s tenure has been marked by financial mismanagement and a lack of transparency. Despite borrowing heavily, the country continues to struggle with poor infrastructure, inadequate healthcare, and failing educational systems. The expected economic growth and job creation have not materialized, leading to widespread discontent and frustration among Nigerians.
Economic Hardship and Rising Poverty
Under the APC’s rule, many Nigerians have experienced worsening economic conditions. Inflation has soared, making everyday necessities unaffordable for the average citizen. The removal of fuel subsidies, which was touted as a necessary economic reform, has only exacerbated the financial burden on the populace, leading to increased transportation costs and higher prices for goods and services.
Unfulfilled Promises
The APC came into power with promises of economic revitalization and development. However, nearly a decade later, these promises remain unfulfilled. Instead of progress, Nigerians have seen their country’s debt skyrocket without corresponding improvements in their standard of living. This disconnect between the government’s borrowing and the actual benefits to the people raises serious questions about the APC’s governance and financial stewardship.
Call for Accountability
Oseni Rufai’s call for the APC to explain the massive debt increase resonates with many Nigerians who feel betrayed by the ruling party. There is a growing demand for accountability and transparency regarding how the borrowed funds have been utilized. Without clear answers, the trust in the APC’s ability to manage Nigeria’s economy continues to erode.
Former Vice President Atiku Abubakar has revealed that his push for an opposition coalition was initially rejected by members of the Peoples Democratic Party (PDP).....KINDLY READ THE FULL STORY HERE▶
Atiku made the disclosure during an interview on Arise Television on Wednesday, where he reflected on events following the PDP’s defeat in the 2023 presidential election. According to him, he warned party leaders after the election that the PDP could struggle politically without forming alliances with other opposition forces. “To be honest, I was one of the major initiators of this coalition. After the PDP lost the last election, I told the party clearly that I did not see a future for the PDP without a coalition,” he said. Atiku said his advice was rejected at the time, despite his conviction that Nigeria’s political history had shown the importance of alliances. “They disagreed with me then. I have studied Nigeria’s political transition over the years and saw how previous alliances worked, so it was not difficult for me to foresee this,” he stated. The former vice president added that his support for coalition politics was also influenced by his desire to encourage the emergence of younger leaders he believes are vital to Nigeria’s future. “I saw some of these younger politicians as the future leaders of this country, and I felt it was my duty to point that out,” he said. However, Atiku claimed the resistance he encountered within the party was driven more by personal feelings than by disagreement over the substance of his proposal. “They disagreed with me simply because they did not want to see my face, not because of what I was suggesting,” he said. Atiku added that recent political developments have now vindicated his position on the need for a broad opposition alliance ahead of future elections.
Former Vice President Atiku Abubakar has said the African Democratic Congress (ADC) will first pursue a consensus arrangement before considering a primary election for its 2027 presidential ticket.....KINDLY READ THE FULL STORY HERE▶
Atiku made this known during an interview on Arise Television on Wednesday while discussing the party’s leadership and strategy ahead of the next general election.
He said he is open to backing a consensus candidate if that becomes the party’s collective decision, stressing that such support should not be interpreted as stepping aside.
“It is not about stepping aside, but whether I am willing to support, and yes, I will,” Atiku said.
According to him, the ADC’s first priority is to build internal unity and reach an agreement among stakeholders before considering a competitive primary process.
“Our first option will be to work out a consensus. If that doesn’t happen, then of course we will explore other options. And yes, I will support whoever eventually emerges,” he stated.
Atiku also expressed confidence in the political experience within the party, saying he believes a consensus is achievable and may make a full-scale primary contest unnecessary.
“That remains our preferred path. We will go for primaries if consensus fails, but I honestly do not expect it to get to that stage because we are dealing with mature and experienced politicians,” he added.
His comments come amid growing political consultations and coalition talks as parties begin to position themselves ahead of the 2027 general elections.
Former Vice President Atiku Abubakar has said the opposition coalition under the African Democratic Congress (ADC) has significantly strengthened his chances of winning the 2027 presidential election.....KINDLY READ THE FULL STORY HERE▶
Atiku made the remarks during an interview on Arise Television’s Prime Time programme on Wednesday. Speaking on what makes his latest presidential bid different from previous attempts, Atiku said the ADC coalition brings together key political figures from across major parties, including the APC, PDP and Labour Party. He described the alliance as a broader and more strategic political arrangement ahead of the 2027 general elections. According to him, the coalition has created a stronger platform that improves his prospects. “Now, we have a broader coalition — a combination of APC, PDP and LP — which gives me a better chance of becoming president in 2027,” he said. Atiku also noted that the coalition reflects both experience and generational inclusion, which he said shows a clear succession plan. “You see people of my generation, and you see younger people coming behind us, so you can clearly see a succession pattern,” he added. Meanwhile, Atiku described former President Goodluck Jonathan as a decent but inexperienced leader. According to him, Jonathan’s lack of experience contributed to shortcomings in governance and played a role in his defeat in the 2015 presidential election. “I know Goodluck Jonathan very well. He is a decent young man, but he was also inexperienced, and that contributed to his failure in managing the affairs of the country,” Atiku said. He made the remarks while stressing the need for experienced and capable leadership in Nigeria.
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