Former Vice President Atiku Abubakar has raised alarm over reports that the federal government is in discussions with the World Bank for another $1.25 billion loan facility.
Atiku, in a statement issued through his media aide, Olusola Sanni, said the loan, if concluded, would rank among the largest fresh borrowings under the current administration as Nigeria’s debt burden continues to spiral.
The Waziri Adamawa said it was both troubling and unconscionable that an administration which promised economic renewal had instead become synonymous with industrial-scale borrowing, with no corresponding improvement in the daily lives of Nigerians.
