FG faults Atiku on debt profile, figures
The Federal Government has faulted former Vice President Atiku Abubakar’s comment on the debt profile of the nation.In a statement in Abuja on Wednesday, Minister of Information and Culture, Alhaji Lai Mohammed, said while the Federal Government welcomes constructive criticism, such must be based on verifiable facts rather than conjectures and innuendos.
”We are also not able to ascertain the source of the first quarter figures of N943.12 billion for debt servicing and N950.56 billion for retained revenue, which he also quoted,” he said.The Minister said the debt service provisions in the annual budgets include principal repayments, interest payments and all other applicable charges, adding: ”Therefore, the statement that debt servicing does not equate to debt repayment is not only wrong, but ill-informed.
He said since Nigeria’s debt service is expressly provided in the annual budgets and the debt service payments
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Atiku raises alarm over Nigeria’s debt profile, financial crisis, advises FG - Daily Post NigeriaA former Vice President, Alhaji Atiku Abubakar, has raised an alarm over Nigeria's rising debt profile. Atiku, in a statement via his official Twitter
Read more »
Your alarm on nation’s debt profile false – FG replies AtikuThe Federal Government says the 'alarm and doom' predictions by former Vice President Atiku Abubakar on the country’s debt profile is anchored...
Read more »
Atiku reacts as Nigerian doctors commence nationwide strike amid COVID-19 pandemic - Daily Post NigeriaFollowing the announced commencement of an indefinite strike by the National Association of Resident Doctors (NARD) resident doctors on Monday, a former
Read more »
We’re robbing our children to pay for our greed – Atiku
Read more »
Debt: We’re robbing our children to pay for our greed, Atiku tells Buhari, othersFormer Vice President Atiku Abubakar has said Nigeria is in financial crisis, stressing that ‘we’re robbing our children to pay for our own greed’ He urged the federal government …
Read more »
Financial crisis: Atiku asks Buhari to sell presidential planes, others“In fact, Nigeria must sell those planes and channel the revenue to other vital areas of need, while taking additional steps to reduce the cost of running our government. Read more: atiku MBuhari OfficialPDPNig OfficialAPCNg
Read more »