The Nigeria Democratic Congress (NDC) has warned that the growing debt burden under President Bola Tinubu will be handed down to future generations, Channels Television reports.
The party's criticism comes as the National Assembly considers a fresh borrowing request from the president. According to Premium Times Nigeria, Tinubu has asked lawmakers to approve a new $7.7 billion loan and has withdrawn an earlier external borrowing request.
Punch Newspapers reports that the Senate is reviewing a N10.79 trillion foreign loan request from the president.
The borrowing plans have drawn criticism from other quarters. The Guardian Nigeria News reports that former Vice President Atiku Abubakar criticised the fresh $7.7 billion request. Separately, The Eagle Online reports that an economist urged the federal government to pause borrowing and publish details of spending and projects.
The reports, carried by Channels Television and other Nigerian outlets, frame the loan requests as the centre of an intensifying debate over how the government funds its plans and who ultimately bears the cost.
What to watch next: whether the Senate approves the N10.79 trillion foreign loan request and how lawmakers respond to the NDC's warning about the debt being passed to future generations.