Atiku faults Tinubu’s Vienna bond plan amid rising energy costs

In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku said it is indefensible that, at a time when Nigerian factories are spending as much as half of their operating costs simply to keep the lights on, the government is again looking overseas for more financing without first explaining why vastly improved revenues have failed to reduce its dependence on debt.

By Omeiza Ajayi ABUJA: Former Vice President Atiku Abubakar has faulted President Bola Tinubu’s proposed Vienna-listed bond arrangement, describing it as another disturbing sign of an administration that keeps expanding its appetite for borrowing while diesel prices above ₦2,000 per litre and crippling energy costs cripple Nigerian factories.“If oil earnings are exceeding projections, revenues are rising and the government has indeed saved the huge sums it claims from subsidy removal, why is the appetite for borrowing increasing rather than falling?”