The National Democratic Front (NDF) has issued a strong rebuke against the African Democratic Congress (ADC) for what it describes as an attempt to politicize Nigeria's debt situation and mislead the public about President Tinubu's economic policies.

In a statement released on Monday in Abuja, NDF National President Ghalil Nasir condemned the ADC's recent claims that the Tinubu administration is plunging Nigeria into an unsustainable debt crisis, describing such assertions as dishonest and politically motivated.

"The African Democratic Congress is weaponising economic statistics without context. It is shameful that a party with no seat in the National Assembly and no significant policy contributions is attempting to distort public discourse by attacking a reform-minded administration," Dr. Nasir stated.

According to the NDF, President Tinubu inherited a severely challenged economy with a public debt of ₦87.3 trillion, over ₦4 trillion in petrol subsidy arrears, a problematic multiple exchange rate regime, and an inflation rate of 22.4%.

"To stabilise such an economy without external financing would have meant shutting down capital spending and punishing the poorest Nigerians. Tinubu chose instead to act. What he has done is take decisive steps to stabilise a broken economy — steps that require both courage and capital," Nasir explained.

The NDF emphasized that unlike previous administrations where borrowing was largely absorbed by recurrent expenditures and subsidy payments, the current administration's approach to debt is capital-focused and structured for long-term return on investment.

"It is also dishonest to compare naira-denominated debt across time without accounting for inflation and exchange rate realities. What matters is not the size of the loan in naira, but what the money is used for — and President Tinubu is using it to build roads, rail, power, and retool the economy," the statement continued.

The group highlighted positive signals from international observers, noting that institutions like the IMF and the African Development Bank have commended the Tinubu administration for its bold reforms. According to Nasir, global investors are responding favorably, with portfolio inflows reaching $3.9 billion in Q1 2025 — reportedly the highest in five years.

On the ADC's claim that Nigeria is heading toward a ₦200 trillion debt burden, the NDF accused the party of fear-mongering and challenged them to present their own economic solutions rather than merely criticizing.

"We urge President Tinubu not to be distracted by naysayers. He is on the right path. Let the ADC bring ideas, not noise. Let them show Nigerians how they would do better — if they even know how," the statement concluded.

Stay updated with the latest political developments by following BenriNews on our social media platforms: Facebook, Twitter, LinkedIn, WhatsApp, and Telegram.