.atiku blames MBuhari for ‘significant’ downgrade in Nigeria’s credit rating | TheCable
January 30, 2023 10:05 PMsays the President Muhammadu Buhari-led administration “lacks the critical competencies” to initiate and implement innovative solutions to Nigeria’s problems.Nigeria’s credit rating from B3 to Caa1, saying the government’s fiscal and debt position was expected to continue to deteriorate.
“All three observations are a direct indictment of the country’s political leadership for its failures in the management of our fiscal resources. The APC-led government lacks the critical competencies to initiate and implement innovative solutions to our problems and deliver on their mandate with the desired impact.”
“Among others, I will undertake an immediate review of government spending with a view to eliminating all leakages arising from subsidy payments.“Third, I will take steps to improve spending efficiency by gradual reduction of government recurrent expenditures.
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