Kwankwasiyya Movement Condemns Nigeria’s Escalating Debt Profile and Accuses National Assembly of Neglecting Constitutional Oversight Duties

Kwankwasiyya Movement spokesperson Dr. Habibu Sale Mohammed slams federal borrowing and warns that National Assembly oversight failures threaten Nigeria's economy.

By: AXL Media

Published: Apr 2, 2026, 3:51 AM EDT

Source: The information in this article was sourced from THISDAY

Economic Stability Under Threat from Unchecked Borrowing

The Kwankwasiyya Movement, representing the political interests of former Kano State Governor Rabiu Musa Kwankwaso, has officially raised an alarm regarding the rapid expansion of Nigeria’s national debt. In a formal communication released on Tuesday, the group argued that the federal government is currently engaged in a pattern of borrowing that lacks a clear framework for equitable utilization or long term sustainability. According to Dr. Habibu Sale Mohammed, the group's spokesperson, the continued acquisition of new loans so shortly after previous debt arrangements indicates a significant breakdown in fiscal discipline that could jeopardize the nation’s economic future.

The Erosion of Legislative Independence and Oversight

A central theme of the movement’s critique involves the perceived complicity of the National Assembly in the current debt accumulation. The group contends that the legislature has effectively abandoned its constitutional role as a safeguard against executive overreach, opting instead for a pattern of uncritical approvals. According to Mohammed, what the public is witnessing is a series of massive borrowing requests being passed with minimal debate or rigorous scrutiny. This lack of resistance, the group argues, undermines the fundamental principles of representative democracy and concentrates an unhealthy amount of power within the executive branch.

Concerns Over Regional Disparity in Fund Allocation

Beyond the volume of the debt itself, the Kwankwasiyya Movement expressed deep concern regarding the perceived geographical imbalance in the deployment of borrowed resources. The group alleged that there is a growing perception that these national funds are being disproportionately skewed in favor of specific regions of the country. According to the spokesperson, such an imbalance is not merely an economic issue but a structural threat that undermines national unity and deepens existing inequalities within the federation. The group maintains that any policy tilting resources away from the principle of shared prosperity threatens the very foundations of the Nigerian state.