Former Vice President, Atiku Abubakar has accused the Buhari administration of turning Nigerians into slaves to foreign nations by obtaining ‘humongous amount of loans’ without any serious justification for it.
Atiku said the government should make an admittance of guilt for taking the country through the “throes of subjugation to another country.”
The President Muhammadu Buhari-led government has however, threaded the direction of looking for foreign loans which has now hit about $23bn.
Former President Olusegun Obasanjo’s administration initiated a National Privatization Programme with the sole objective of ensuring that the private sector took some measure of influence in social investment portfolio and, in some instances, provided funding for infrastructure development.
“Debt, by itself, is not a bad thing. But debt budgeted for such unproductive ventures, like the proposed $500 million upgrade of the Nigerian Television Authority and other sundry bogus contracts, is debt that leads to death. To trade Nigeria’s sovereignty for this type of profligacy is the height of irresponsibility.”
But in its own response, the APC Deputy National Publicity Secretary, Yekini Nabena said, “Atiku should be the one to apologise to Nigerians. All that he has borrowed from the banks, he has not been able to pay back his own. So he has failed Nigerians as Vice President of this country.”