The African Democratic Congress (ADC) has criticised the proposed 2026 national budget, describing it as unrealistic, debt-driven and capable of worsening Nigeria’s fiscal crisis.
In a statement signed by its National Publicity Secretary, Mallam Bolaji Abdullahi, the opposition party said its economists reviewed the 2026 Budget Proposal presented to the National Assembly by President Bola Ahmed Tinubu on December 19, 2025, and found it lacking credibility.
The ADC said the budget, tagged a “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” merely repeats the structure of the 2024 and 2025 budgets, which it said were poorly implemented.
It accused the administration of fiscal chaos, noting that multiple budgets are being run simultaneously.
According to the party, projected spending of ₦58.57 trillion, expected revenue of ₦34 trillion and planned borrowing of about ₦24 trillion amount to fiscal insolvency.
“A deficit-to-revenue ratio of about 70 per cent is unacceptable in any sane fiscal system,” the statement said.
The ADC also raised concern over rising debt servicing costs, projected at ₦15.52 trillion in 2026, warning that heavy borrowing to fund capital projects would mortgage the future of the next generation.
The party urged the Federal Government to adopt fiscal discipline and redirect economic planning toward sustainable growth that serves Nigerians, not creditors.
