The presidential candidate of PDP during the last presidential election also a former Vice President, Alhaji Atiku Abubakar, has attacked President Muhammadu Buhari’s government over the increase in borrowing.
The former Vice President said Nigeria under the government of Buhari, has taken more loans in the last three years than it did in the 30-days period preceding 2016.
Atiku described the monumental increase in borrowings vis-à-vis an unprecedented reduction in investments in education as worrisome.
Alhaji Atiku made this known while speaking at a ceremony hosted by the American University of Nigeria on Saturday in Yola.
“Two weeks ago, a friend of mine, Prof. Anya O. Anya, revealed that Nigeria has taken more loans in the last three years than she has taken in the 30-year period preceding 2016.
“I am a businessman. Perhaps the first lesson one learns in business is that you do not take loans except it is to expand your business. There is no justification for taking out loans to pay salaries; meanwhile, you are not investing in your future generation.
“Nigeria’s greatness is not as tied to her elders as it is tied to her youth. That is where our investments should be focused on,” Alhaji Atiku maintained.
Relocate that President Buhari on Thursday sought the re-consideration and approval of the National Assembly on the 2016-2018 External Borrowing Plan of the Federal Government.