The All Progressive Congress leadership is still supporting reckless borrowing, according to the Atiku Media Office, despite the country of Nigeria being in a severe economic downturn.
It was highlighted that despite many warnings from Atiku Abubakar, the presidential candidate for the People's Democratic Party, who has consistently spoken against the current administration's imprudent decision to participate in such borrowing.
This was stated by Mr. Paul Ibe, the PDP candidate's media advisor, during a Tuesday interview with journalists in Abuja.
He was replying to a quote attributed to Abdullahi Adamu, the national chairman of the APC, in which he urged the federal government to keep borrowing.
Ibe recalled that Atiku had in several statements, articles and tweets, cautioned the President Muhammadu Buhari-led federal government against mortgaging Nigeria’s future with such borrowings.
He said, “Nigerians will recall that in one of his articles titled: ‘Endless Borrowing Will Lead to Endless Sorrowing‘ the Wazirin Adamawa, foretold the economic disaster we are in today.
He not only drew government’s attention to the economic dangers but also suggested ways to mitigate it. The APC -led administration ignored him and we are all suffering for it today.
In his founders day lecture at the American University Yola almost three years ago, quoting from the American, John Quincy Adams, who said, ‘there are two ways to conquer and enslave a nation. One is by the sword. The other is by debt’.
Atiku noted that the American may have very well been referring to Nigeria of the last three years prior because Nigeria’s debt serving has now outweighed its income, no Nation runs its economy like this.
The APC owes Nigerians a duty to at least, stop compounding our woes with additional borrowing to feed consumption.