Former Vice President Atiku Abubakar has raised concerns about Nigeria’s increasing reliance on loans, warning that it could spell trouble for the country’s economy.
Atiku cautioned that borrowing too much whether from foreign lenders or local sources could saddle Nigeria with debt it can’t handle in the long run. He called on the government to focus on fixing the economy from within by boosting revenue and managing spending better.
The former VP said Nigeria risks mortgaging its future if it keeps piling up loans instead of finding smarter, sustainable ways to fund development.
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While the government says borrowing is needed to fund projects and stimulate growth, critics like Atiku want to see more responsibility and less debt dependence.
It’s a heated debate right now, with many Nigerians wondering if the country is heading toward a debt crisis or if the loans will help jumpstart progress.
Either way, the next few months will be crucial for Nigeria’s economic direction.
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