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LOANS: Buhari, APC Owe Nigerians Apology – Atiku


Former Vice President, Atiku Abubakar, has blasted President Muhammadu Buhari and the All Progressives Congress (APC) over repeated loans acquired by the government.

Atiku’s media office in a statement on Sunday recalled that two months ago, Atiku had earlier called the attention of Nigerians to repeated borrowings which he argued could compromise the future of the country.

According to the statement, the APC and the government denied the allegations raised by the former presidential candidate.

Now, we all are aware that Nigeria’s sovereignty may have been traded for foreign loans and God forbids our inability to service those loans, the lender country would take ownership of choice infrastructure on the Nigerian soil.

It lamented that Nigeria’s foreign debt is $23billion and rapidly rising.

Noting that debt, by itself, is not a bad thing, the statement said the one budgeted for such unproductive ventures, like the proposed $500million upgrade of the Nigerian Television Authority and other sundry bogus contracts, is debt that leads to destruction.

He added that to trade Nigeria’s sovereignty for this type of profligacy is the height of irresponsibility.

He, therefore, stated that the government and the APC must apologize to Nigerians and make an admittance of guilt for taking the country through the throes of subjugation to another country

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