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African Democratic Congress, ADC, statesmanlike candidate, Atiku Abubakar, connected Sunday, criticised President Bola Tinubu’s medication implicit its “unprecedented home borrowing” contempt the important windfall accruing from precocious planetary crude lipid prices.
Atiku described the administration’s economical absorption arsenic contradictory, opaque, and bereft of fiscal discipline.
In a connection issued by his Senior Special Assistant connected Public Communication, Phrank Shaibu,
Atiku noted that the Federal Government has already raised astir N5 trillion from the home enslaved marketplace successful the archetypal fractional of 202, “almost 80 per cent of the full magnitude borrowed during the corresponding play successful 2025.”
According to Atiku, specified assertive borrowing would lone beryllium understandable if authorities revenues had collapsed.
“The nonstop other is the case,” helium said.
The erstwhile Vice President pointed retired that portion the 2026 Appropriation Act benchmarked crude lipid astatine $64.84 per barrel, the mean terms of Brent crude, the benchmark for Nigerian lipid has remained astir $92 per tube betwixt March 1 and July 14. Nigerian crude typically trades astatine a premium supra Brent...
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