The Nigerian government, on Wednesday, blamed the caution raised by Atiku Abubakar, a previous Peoples Democratic Party, PDP, presidential wannabe, on Nigeria’s obligation profile.
Lai Mohammed, Minister of Information and Culture, said the whole-world destroying situations on Nigeria’s obligation profile, as painted by Atiku was only scaremongering moored on a false reason.
Atiku had on Tuesday asserted that Nigeria was in a money related emergency.
The previous Vice President additionally asked the Federal Government to stop aimless borrowing.
Responding, Mohammed said however the Federal Government invites productive analysis, such should be founded on undeniable realities as opposed to guesses and allusions.
Mohammed kept up that the figures depicted by the previous Vice President weren’t right and deluding.
He, in any case, accepts that Atiku’s affection for Nigeria might be liable for his remarks on the nation’s economy.
As per Mohammed: “There is no uncertainty that previous Vice President Atiku Abubakar cherishes our nation and wishes it well, else he would not have supported his sequential mission for the nation’s most elevated position. One can dare to dream that his retreat to the utilization of such words as ‘slope’, ‘dispossession’ and ‘financial ruin’ doesn’t reflect anything other than all the best for the nation right now.”
The Minister expressed that the figure of the nation’s obligation to income proportion of 99% in the main quarter of 2020 cited by Atiku was not in the Medium-Term Expenditure structure and Fiscal Strategy Paper, where he guaranteed he got it from.
“We are also not able to ascertain the source of the first quarter figures of N943.12 billion for debt servicing and N950.56 billion for retained revenue, which he also quoted.
“Therefore, the statement that debt servicing does not equate debt repayment is not only wrong, but ill-informed.”