Atiku writes Lawan, urges rejection of loan proposals for unviable projects

The Wazirin Adamawa submitted: “Nigeria risks insolvency if it continues to borrow money, as previous loans were spent on non-viable projects.” Atiku Loans AhemedLawan ChineseLoans Nigeria

He stated in the letter, dated August 19, a copy of which was seen by The Guardian yesterday, that the federal lawmakers “should not sit back and watch the nation teeter towards financial peril.”

The Peoples Democratic Party candidate in the 2019 general elections went on: “On May 29, 2015, Nigeria’s total national debt stood approximately at N12 trillion. As of August 2020, our national debt has tripled to N28.63 trillion. In June this year, a $5.513 billion foreign loan was sanctioned by the legislators barely a week after they okayed a $22.7 billion facility.IN a related development, Professor of Political Economy, Pat Utomi, has blamed the “failure of the political class” for the nation’s precarious economy and pitiable situation.

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