Crude oil nears $100 yet Tinubu govt’s borrowing hits N24.7tn – Atiku raises fresh alarm

Former Vice President Atiku Abubakar has again tackled President Bola Ahmed Tinubu’s medication implicit accrued borrowing, which roseate to N24.7 trillion.

Atiku, successful a connection by his media team, condemned the country’s borrowing appetite nether President Tinubu contempt accrued revenue.

According to him, it does not marque economical consciousness for Nigeria to proceed borrowing portion gross from crude lipid income has surged, with Brent crude soaring to $96 per barrel, nearing $100 per barrel, on Monday.

Atiku said Tinubu’s government’s continued appetite for borrowing is grounds of unsafe fiscal indiscipline that is starving Nigerian businesses of credit, sidesplitting jobs and worsening the cost-of-living crisis.

“At the opening of this fiscal year, the Federal Government budgeted connected an lipid benchmark of $64.85 per barrel. Today, crude lipid prices person risen substantially supra that benchmark.

“Yet, alternatively of this windfall translating into little borrowing, stronger businesses and alleviation for Nigerians, the Federal Government went into the home marketplace and borrowed a staggering N24.7 trillion betwixt January and August 2026 — 90.5 per cent much than ...