Fiscal vandalism: Atiku raises alarm over Nigeria’s N12.62tr debt profile
By Omeiza Ajayi, Abuja Former Vice President Atiku Abubakar has raised the alarm over Nigeria’s debt profile, describing the disclosure that the Federal Government exceeded its 2024 borrowing limit by N4.98 trillion oil windfall in recent days, yet instead of reducing borrowing, the government continued to pile debt upon debt.36 trillion, exceeding the budget by more than 52 per cent, warning that Nigeria was fast approaching the point where government exists primarily to borrow in order to repay previous borrowings.
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