Atiku: Tinubu’s $500m World Bank loan a Debt Trap for ‘Incoming Administration’.
The former vice president said that President Tinubu cannot borrow in the final days of his tenure and leave his would be administration and the Nigerian people to repay it.
According to Atiku, ”No outgoing president has the right to burden his successor with fresh debt days before handing over power.” Atiku, in a statement issued by Phrank Shaibu, Director of Strategic Communication, ADC Presidential Campaign Council, said, “Taking loans as if you were a drunken sailor is a road to economic bondage, a second slavery.
If this government is determined to mortgage Nigeria’s future and place our country at the mercy of creditors, we will not accept it.
“On January 16, Nigerians will vote for a new direction: a government that puts affordable living first, not one that keeps pursuing loans whose terms and consequences have not been clearly explained to the people. “The Tinubu administration’s latest move is a preemptive attempt to lock Nigeria into a path of economic instability, even after Nigerians have roundly rejected its poverty inflicting reforms. A government cannot use its final days in office to bind the country and make governance more difficult for its successor. “According to the report, the proposed $500 million facility is scheduled for consideration on May 25, 2027, just four days before the next presidential inauguration.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with THISDAY.