Shopping cart

Lagoscityreporters.com is a web-based news and entertainment portal established to deliver cutting edge, incisive and knowledge-driven journalism practicelagoscityreporters.com is mandated to drive this vision through online journalism.

TnewsTnews
  • Home
  • News
  • Probe Buhari’s Govt Over Nigeria’s Debt – Former Senator Tells Tinubu
News

Probe Buhari’s Govt Over Nigeria’s Debt – Former Senator Tells Tinubu

153

Former Kaduna senator Shehu Sani has asked President-elect Bola Tinubu, to probe the outgoing government led by President Muhammadu Buhari.

Sani said this while expressing worries over the local and foreign debts the Buhari administration incurred in its eight years.

The nation’s rising debt profile is currently hovering around N77 trillion if the N23 trillion loans from the Central Bank of Nigeria (CBN) are securitised, the Debt Management Office (DMO) disclosed.

Nigerians are currently expressing concerns that the outgoing administration is still requesting an $800 million loan from the World Bank a few weeks before the end of its tenure.

Some of the loans obtained by the Buhari government were reportedly used to construct roads, bridges, and other infrastructure across the nation.

But, Sani said the first step in servicing the nation’s debt is to conduct a full investigation of the cost of the projects they were purportedly used for.

In a post on Twitter, he asked the incoming government to probe all federal ministries, departments, and agencies under the Buhari regime.

His words: “The first step towards servicing our billions of dollars of local and foreign debt is a full investigation of the cost of the projects they were purportedly used for.

“The incoming government must probe all the MDAs under this regime.”

Comments are closed

Related Posts

NEWS:  lagoscityreporters.com Unveils Online Live Streaming Radio | Ahueze Vivian Isioma Emerges Winner Of The Inaugural Emeka Monye Scholarship Prize For Best Graduating Student, Mass Communication, UNN | Armed Men Attack Senator Akpoti-Uduaghan's Family Home | Trump Privately Approved Attack Plans For Iran - Report | Benue killings: ‘This Is Genocide’ – Traditional Head Tells Tinubu | Abacha’s CSO, Al-Mustapha Declares Presidential Ambition For 2027 | Group Backs CDS, DSS DG Calls On Self-Defense To End Benue Killings | Super Falcons To Play Friendly Against Ghana | Insecurity And President Tinubu’s Legitimacy, By Emmanuel Onwubiko | President Tinubu Heads To Benue Over Killings | Man Murders Girl Friend Before 6-Month-Old Baby | Trump Urges Iranians To Evacuate Tehran Immediately | PDP Crisis: Party Chairman, Damagum Denies Defection Plot | Why I Am Against Bench-Warming Captains - Oliseh | Benue: Attacks On Communities Threat To National Security - IGP Egbetokun | Another Air India Plane Suffers Technical Glitch As Airport Officials Evacuate Passengers | I Contemplated Suicide In 2011 – Former Governor Ohakim Reveals | Tinubu Finally Breaks Silence, Makes Demand From Governor Alia Over Benue killings | Atalanta Demand €50m Transfer Fee For Lookman | Obi Reveals Those To blame For Benue Killings | Group Warns Of Looming Ethnic War Over Benue Killings | Pope Reacts Over Benue Killings | India Plane Crash Victim's Relative Slams Influencers For Exploiting Tragedy | ADVERT: Healthy You Pharmacy And Diagnostic Laboratory, 85 Zik's Avenue, Opposite Gtbank, Eke Awka, Awka, Anambra State, healthyupharmacy24@gmail.com, +2347070508446 | For News Coverage, Adverts Placement And Other Enquiries, call: +234(0)8063310733