Falana-led Coalition Demands Full Disclosure Of All Loans Obtained By NigeriaGov | Sahara Reporters The coalition also asked the National Assembly to reveal the terms and conditions of all external loans. nassnigeria READ MORE:
Alliance for Surviving COVID-19 and Beyond, a coalition of over 70 labour and civil society organisations, has asked the Nigerian Government to make full disclosure of all loans it has obtained.
It lamented that Nigeria’s debt profile, which was N12.118trn as at May 2015, has leapt to N27.401trn in 2019, representing more than 100 per cent debt increase. “Millions of Nigerians continue to face harsh economic difficulties, lacking access to basic needs, yet the debt profile of the country continues to increase.
It added, “The opaque nature of the loans is against the principles of the Nigerian constitution,” ASCAB said, citing section 21 of the debt management office establishment act, 2003.
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