Atiku Shocked By Nigeria’s Debt Profile, Says Nation In Financial Crisis
June 16, 2020
12:40 pm
Former Vice President Atiku Abubakar has expressed shock that the Buhari administration in the first quarter of 2020, spent 99 percent of revenue to service debt.
…“No one should be deceived. This is a crisis!”, Atiku said in a statement today.
“Debt servicing does not equate to debt repayment”.
“The reality is that Nigeria is paying only the minimum payment to cover our interest charges”.
“The principal remains untouched and is possibly growing”.
The statement entitled “Nigeria In Financial Crisis: Robbing Our Children to Pay for Our Greed”, was signed by Atiku himself to underscore its significance.
