…Accuses NASS of failing oversight
The Kwankwasiyya Movement has warned of what it described as the growing danger of Nigeria’s rising debt profile.
This was as it accused the President Bola Ahmed Tinubu-led Federal Government of reckless borrowing and the National Assembly of failing in its constitutional oversight role.
While emphasising its commitment to responsible governance, the Movement called on the federal government to review its fiscal approach.
These were contained in a statement by Dr. Habibu Sale Mohammed, spokesperson of the Movement, in which he also said that the continued approval of borrowing requests without adequate scrutiny, poses a serious threat to the country’s economic stability.
“It is deeply concerning that Nigeria is being plunged into further debt without transparent justification, broad consultation, or a clear framework for equitable utilisation,” Mohammed said.
The Kwankwasiyya Movement noted that the pattern of borrowing, coming shortly after recent London debt arrangements, raises critical questions about fiscal discipline and long-term sustainability.
It further said; “This trend raises serious concerns about accountability and the future of our economy. Borrowing without clarity or restraint risks mortgaging the future of generations yet unborn”>
The Movement therefore expressed concern over what it described as an imbalance in how borrowed funds are being allocated and deployed across the country.
It said; “Even more troubling is the perception that these resources are being skewed in favour of a particular part of the country. Such imbalance undermines national unity and deepens inequality in an already fragile federation”.
The Movement particularly criticised the National Assembly for what it described as “an apparent alignment” with the executive arm of government, rather than acting as an independent check on power.
“The legislature is expected to safeguard the interests of Nigerians, but what we are witnessing is a pattern of uncritical approvals with little debate, resistance, or accountability,” it said.
Kwankwasiyya Movement noted that the erosion of effective opposition within the legislature weakens democratic governance and concentrates excessive power in the executive.
“When critical decisions such as massive borrowing requests are passed without rigorous scrutiny, it undermines the very essence of representative democracy,” it stated.
It also warned that weakening institutional checks and balances could have far-reaching consequences for Nigeria’s unity and stability.
According to the Movement; “Nigeria is built on fairness, justice, and shared prosperity. Any policy that tilts resources disproportionately or weakens democratic institutions threatens these foundations”.
The group called on civil society organisations, opposition parties, and citizens to demand greater accountability and transparency in governance.
It said; “We urge all well-meaning Nigerians to rise to their constitutional responsibility of holding government accountable and resisting any attempt to weaken democratic institutions.
“The government must immediately halt indiscriminate borrowing, ensure fair distribution of resources, and restore the independence and integrity of our democratic institutions.
“Justice, balance, and accountability are essential to Nigeria’s survival and progress. Anything short of these endangers the unity and future of our nation,” it stressed.
The group concluded by warning that Nigeria’s future depends on adherence to core democratic principles.
