Loan: Atiku Says Buhari, APC Owe Nigerians Apology
Former Vice President and the presidential candidate of the Peoples Democratic Party in the 2019 general election, Atiku Abubakar, has asked President Muhammadu Buhari and the All Progressives Congress to apologise to Nigerians over what he described as reckless borrowing by the administration and how the terms of such loans could compromise the future of the country.
“Nigeria had a total foreign debt stock of $7.02 billion on May 29, 2015. Today, our foreign debt is $23 billion and rapidly rising. Debt, by itself, is not a bad thing. But debt budgeted for such unproductive ventures, like the proposed $500 million upgrade of the Nigerian Television Authority and other sundry bogus contracts, is debt that leads to death. To trade Nigeria’s sovereignty for this type of profligacy is the height of irresponsibility!,” the statement read in part.
“Recall that former President Olusegun Obasanjo’s administration initiated a National Privatization Programme with the sole objective of ensuring that the private sector took some measure of influence in social investment portfolio and, in some instances, provided funding for infrastructure development.
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.
Loan: Buhari, APC Owe Nigerians Apology, Says Atiku - THISDAYLIVEBy Chuks Okocha Former vice president and the presidential candidate of the Peoples Democratic Party (PDP) in the 2019 general election, Atiku Abubakar, Sunday said that the President Mohammadu Buhari led government and the All Progressives Congress (APC) must apologise to Nigerians and make an admittance of guilt for taking the country through the throes …
Read more »
Compel Buhari To Publish Govt Loan Details Since 2015, SERAP Tells CourtCompel Buhari To Publish Govt Loan Details Since 2015, SERAP Tells Court
Read more »
Nigeria's sovereignty: I warned about loans - Atiku blasts Buhari, APC - Daily Post NigeriaFormer Vice President, Atiku Abubakar, has lambasted President Muhammadu Buhari and the All Progressives Congress (APC) over repeated borrowings. The
Read more »
China Loan: Nigeria will pay back in 20 years - AmaechiMr Amaechi said the country has started repaying its loans, including those taken by the Goodluck Jonathan administration.
Read more »
Amaechi explains sovereignty clause in $500m Chinese Railway loan'These (Chinese) loans are not paid here, so you can’t even steal it. What we do is ensure that the work is done.'
Read more »
After Gemade defection, APC invites back Atiku, Tambuwal, OrtomIt mentioned former vice president Atiku Abubakar, Gov Aminu Waziri Tambuwal, former senate president Bukola Saraki and Gov Samuel Ortom of Benue state who have left APC for the People’s Democratic…
Read more »