Nigeria, June 5 -- The opposition Peoples Democratic Party (PDP) has criticised President Bola Tinubu's recent request to borrow $21.5 million and Euro15 billion, as well as obtain a €65 million grant from international financial institutions, describing the move as contradictory and detrimental to Nigeria's economic future.

President Tinubu's loan request was transmitted to the National Assembly last Tuesday, seeking legislative approval to secure the external funding as part of the Medium-Term Expenditure Framework (MTEF) for the 2025-2026 fiscal period.

However, many Nigerians have criticised the loan request.

Some critics, including economists and civic advocates, have questioned the necessity of external borrowing in the aft...