Former Vice President Atiku Abubakar has called on the Nigerian Senate to reject President Bola Tinubu’s latest request for a $7.7 billion external borrowing. Atiku warned that the loan would place a heavy burden on the country’s finances and could jeopardise economic stability.
The appeal comes as the Tinubu administration seeks additional funds to support its development agenda. Atiku’s statement was made in the context of ongoing debates over the country’s debt levels and the need for prudent fiscal management.
“Rejecting the loan will protect Nigeria from further debt accumulation,” Atiku said, urging lawmakers to consider the long‑term implications for the nation’s economy.
While the specific uses of the proposed borrowing were not detailed in the statement, the former vice president’s call reflects broader concerns about Nigeria’s growing external debt and its impact on public finances.
For more details, read the full article on Punch Nigeria: Atiku urges Senate to reject Tinubu’s $7.7bn loan request.
<small>Source: Punch Nigeria — read the original story there.</small>