Atiku tackles Tinubu over fresh $7.7bn loan.
Atiku tackles Tinubu over fresh $7.7bn loan …warns against burdening future govts By Luminous Jannamike ABUJA – Former Vice President Atiku Abubakar has challenged President Bola Tinubu over his request for another $7.7 billion foreign loan, warning against committing Nigerians and future administrations to mounting debt without full disclosure of how the money will be spent.
Atiku said the latest request, equivalent […] The post Atiku tackles Tinubu over fresh $7.7bn loan appeared first on Vanguard News .
…warns against burdening future govts By Luminous Jannamike ABUJA – Former Vice President Atiku Abubakar has challenged President Bola Tinubu over his request for another $7.7 billion foreign loan, warning against committing Nigerians and future administrations to mounting debt without full disclosure of how the money will be spent.
Atiku said the latest request, equivalent to about N10.79 trillion, was coming barely days after the Federal Government presented separate borrowing proposals of $20.52 billion and €1.045 billion to the National Assembly, raising questions about the administration’s appetite for foreign loans amid worsening economic hardship. In a statement by Phrank Shaibu, Director of Strategic Communication, ADC Presidential Campaign Council, on Wednesday, Atiku questioned the frequency of the borrowing requests and demanded that the Senate subject the latest proposal to rigorous scrutiny. “What is the problem with this government? Why is President Tinubu making borrowing requests on behalf of Nigeria week in, week out?” he queried.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Vanguard.