FG borrowing like drunken sailor despite revenue windfall – Atiku
By Omeiza Ajayi ABUJA: Presidential Candidate of the African Democratic Congress ADC, Atiku Abubakar, has accused the Federal Government of reckless borrowing despite a windfall in oil revenue, saying the administration of President Bola Tinubu has continued to pile up domestic debts at a time crude oil prices have soared well above the benchmark used for the 2026 budget.
Credit to government grew by 43 per cent, while credit to the private sector grew by only 9.“My administration will impose fiscal discipline, cut waste, prioritise productive expenditure and progressively reduce government’s suffocating dependence on the domestic credit market.
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