Kwankwasyya: Nigeria Being Plunged into More Debts, NASS Failing in Oversight

Ahmad Sorondinki in Kano

Kwankwasiyya Movement, a group loyal to former governor of Kano State, Rabiu Musa Kwankwaso, has raised the alarm over Nigeria’s rising debt profile, accusing the federal government of reckless borrowing and the National Assembly of failing in its constitutional oversight role.

In a statement on Tuesday by spokesperson of Kwankwasiyya Movement, Dr. Habibu Sale Mohammed, the group said the continued approval of borrowing requests without adequate scrutiny posed a serious threat to the country’s economic stability.

Mohammed stated, “It is deeply concerning that Nigeria is being plunged into further debt without transparent justification, broad consultation, or a clear framework for equitable utilisation.”

He said the pattern of borrowing, coming shortly after recent debt arrangements, raised critical questions about fiscal discipline and long-term sustainability.

“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,” he stated.

The statement also expressed concern over an alleged imbalance in how borrowed funds were being allocated and deployed across the country.

Mohammed 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.”

He criticised the National Assembly for what he called 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,” he said.

According to him, the erosion of effective opposition within the legislature weakens democratic governance and concentrates excessive power in the executive.

Mohammed said, “When critical decisions such as massive borrowing requests are passed without rigorous scrutiny, it undermines the very essence of representative democracy.”

The Kano born-politician warned that weakening institutional checks and balances could have far-reaching consequences for Nigeria’s unity and stability.

He said, “Nigeria is built on fairness, justice, and shared prosperity. Any policy that tilts resources disproportionately or weakens democratic institutions threatens these foundations.”

He called on civil society organisations, opposition parties, and citizens to demand greater accountability and transparency in governance.

“We urge all well-meaning Nigerians to rise to their constitutional responsibility of holding government accountable and resisting any attempt to weaken democratic institutions,” he said.