$27b loan: FG should desist from reckless borrowings — PANDEF

The leaders, however, expressed worry over the continuous external debt of the country which has risen to over $80 billion in just a few years.

“Expressed grave concern over the deteriorating state of the nation in particular as it pertains to the continued assault on peace and security leading to the continuous deaths of countless lives of Nigerians every day. “Rejects in total the continuous external debt of the country which has risen to over $80 billion in just a few years and, therefore, asks the Federal Government to rescind its ongoing effort to borrow more money to the tune of over $27 billion as approved by the National Assembly. It asserts that if not for bad governance, Nigeria would have no business engaging in these reckless to fund overhead and theft.

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