MDPCO warns against fresh $20.5bn foreign loan

File photo: The Abuja City Gate.
File photo: The Abuja City Gate. Photo: Jummy001 / CC BY-SA 4.0, via Wikimedia Commons

The Makinde-Daura Presidential Campaign Organisation (MDPCO) has criticised President Bola Tinubu’s plan to secure fresh foreign loans totalling about $20.5 billion and €1.04 billion…

The Makinde-Daura Presidential Campaign Organisation (MDPCO) has criticised President Bola Tinubu’s plan to secure fresh foreign loans totalling about $20.5 billion and €1.04 billion, warning that continued borrowing could increase Nigeria’s debt burden and constrain future generations. In a press statement dated October 28, 2026, signed by Richard Nnanna Ihediwa, Director of Strategic Communications…

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