Deepening Debt, Increasing Poverty: Atiku Blames Buhari For Nigeria’s N24.9TN Debt Burden
The Oasis Reporters
July 13, 2019
PDP Presidential Candidate, Atiku Abubakar has blamed President Muhammadu Buhari under whose watch Nigerians have become poorer than they were under his Government as Nigeria is rated the economic capital of people living in extreme poverty as well as the poorest people in the world.
In a tweet, former vIce president Abubakar Atiku said, “Nigeria’s debt has more than doubled from ₦12 trillion in 2015, to ₦24.9 trillion in 2019, yet we became the world headquarters for extreme poverty. Irresponsible borrowing results in unprecedented sorrowing. We mustn’t saddle future generations with debt instead of prosperity.”
”As it stands today, every man, woman and child in Nigeria is now not only poorer than they were in 2015, additionally, we all individually owe more than twice what we did in 2015. We may not have participated in the profligate borrowing, but we all suffer the resultant sorrowing.”
“Without the checks and balances occasioned by a truly independent and self-accounting Legislature and Judiciary, as co-equal and non-subordinate arms of government, we will continue to have a profligate executive that borrows to sustain its greed and not the nation’s need”.
It would be recalled that the huge debt burden has not translated into commensurate infrastructural improvement as most highways remain dilapidated and electric power supply for the entire country is yet to go beyond what just New York City alone, consumes.
