The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar has cautioned President Muhammadu Buhari-led government over the increasing debts by the country.
Atiku said; “Last week the National Bureau of Statistics (NBS) released the GDP figures for Q2 2022, the government has been unreasonably upbeat about the reported growth rate of 3.4%.”
“Also, debt levels continue to rise while the fiscal capacity to service its debts is declining. All these are enough to erase the perceived gains from output growth.”
“Having run out of ideas, it appears that our unprecedented level of indebtedness is whetting the government’s appetite for more debt. This is a recipe for macroeconomic instability.”
“We challenge the National Bureau of Statistics to share with the public their recent statistics on poverty, unemployment and commodity prices — the reality of which will leave no hope for the common man.”
“Like I have said before, increasing debts will never be a solution to our indebtedness. My government, if elected, will halt the rate of debt accumulation and instead focus on private-public partnerships in financing development.”
“The consideration of a government of national unity will douse the temperature, unite Nigerians and pave the way for improved security.”
“Improved security allows for investments and, therefore, an improved economy.”
