African Democratic Congress (ADC) chieftain, Kenneth Okonkwo, has alleged that state governors are already mobilising enormous financial resources to support President Bola Tinubu’s political campaigns for 2027.
PrimeTimes Nigeria reports that Okonkwo made the remarks during an appearance on Inside Sources with Laolu Akande on Channels Television, while giving a harsh assessment of the Tinubu administration nearly three years after assuming office.
Okonkwo said politics has become the only thriving sector under the current administration, claiming that governors are mobilising ₦800 billion ahead of the 2027 general elections.
According to the Nollywood actor-turned-politician, the current administration is determined to eliminate any serious electoral competition in 2027.
He said, “This is the government of catastrophe. The only viable business is politics.
“The governors are already budgeting ₦800 billion to support the campaign. That is the only industry that is blossoming under Tinubu because he does not want any contest in 2027.”
Kenneth Okonkwo also described Tinubu’s administration as three years of catastrophe amid worsening economic hardship, rising insecurity and mounting public debt.
He accused the President of failing to deliver on key promises to Nigerians, saying the only commitment Tinubu appears to have fulfilled was borrowing heavily, as captured in successive national budgets.
He stated, “First of all, let’s be realistic, this has been three years of catastrophe.
“The only thing I can concede to President Tinubu is that in the budget, all the amounts he said he was going to borrow, he borrowed it. That is the only thing he fulfilled.”
Okonkwo also questioned the Federal Government’s debt management approach, accusing the administration of relying on what he described as misleading economic measurements while the country’s productive capacity continues to weaken.
According to him, an economy not driven by strong production cannot afford to assess its debt sustainability solely by gross domestic product figures, warning that such an approach could push the country toward a fiscal crisis.
He said, “A government that is not producing anything is now dubiously computing our debts based on GDP.
“Any country that is not a producing nation, you have to denominate your debt to your revenue because you will run into problems. Soon, you will be bankrupt.
“You have to be a billionaire in dollars for your businesses in Nigeria to survive.”
Speaking on the issue of national security, the ADC stalwart said the country has witnessed an alarming deterioration, adding that Nigeria has become a killing field.
He added that the country’s global security ranking reflects the severity of its internal challenges.
H said, “Nigeria has become a killing field.
“You have 195 countries on earth, and Nigeria is the fourth most terrorised nation.”