The African Democratic Congress (ADC) has called on President Bola Tinubu to clarify a $12.4 billion discrepancy in Nigeria’s external accounts, according to a World Bank report. The missing funds, equivalent to nearly a quarter of the country’s 2026 federal budget, have raised concerns among political analysts.
The ADC, a key opposition party, has issued a formal challenge to Tinubu, urging him to account for the unexplained funds. The World Bank report, which identified the discrepancy, highlights the potential impact on Nigeria’s economic stability. The report also notes that the Central Bank of Nigeria is seeking Chinese investment to boost financial ties and attract capital.
This issue comes amid ongoing political tensions between Tinubu’s administration and the opposition. The ADC has previously criticized the government’s economic policies, including its decision to end fuel subsidies. The party has also called for greater transparency in public spending.
The missing funds are part of a broader debate over fiscal responsibility and governance in Nigeria. The World Bank’s findings have intensified scrutiny of the administration’s financial management. The ADC’s challenge underscores growing public and political pressure for accountability.
The situation reflects deeper challenges in Nigeria’s economic governance. With the country facing inflation and currency depreciation, the unaccounted funds could exacerbate existing economic vulnerabilities. The ADC’s demand for transparency highlights the need for clearer financial oversight and policy clarity.
