Former Vice President and presidential candidate of Peoples Democratic Party (PDP) in the 2023 general election, Atiku Abubukar, yesterday accused the President Bola Tinubu government of mortgaging Nigeria’s future by taking too many loans.
Atiku said the decision to take further loans was not only reckless but also a dangerous move that threatened the future of citizens and generations yet unborn.
National President of Nigerian Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), and Centre for Private Enterprises (CPPE) also raised concerns over the federal government’s growing appetite for public borrowings, especially given the significant disparity between actual oil production levels and budgeted projections.
They also expressed worry over public debt sustainability amid fiscal challenges.
However, analysts said the federal government’s new borrowing requests could help narrow the fiscal deficit in the 2025 budget if utilised for development purposes. (Thisday)