Vanguard· 1h ago· 1 min read
By Omeiza Ajayi, Abuja
Former Vice President Atiku Abubakar has faulted President Bola Tinubu administration's aggressive domestic borrowing, questioning why the administration continues to pile up debts despite an estimated N7.98 trillion windfall from high international crude oil prices.
In a statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, the presidential candidate of the African Democratic Congress ADC described the administration's economic management as contradictory, opaque and bereft of fiscal discipline.
He noted that the federal government has already raised about N5 trillion from the domestic bond market in the first half of 2026, almost 80 per cent of the total amount borrowed during the corresponding period in 2025.
According to Atiku, such borrowing would only make sense if government revenues had collapsed.
“The exact opposite is the…
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