Nigeria borrowing itself into slavery – Reuben Abati cries out over recent $20.5bn mortgage, warns Tinubu

Arise News anchor, Reuben Abati, has raised alarm over Nigeria’s rising debt profile beneath President Bola Tinubu’s administration.

Speaking on Friday throughout Arise Television’s Morning Show, Abati stated Nigeria is progressively borrowing itself into slavery with the speed at which the federal government is taking loans.

He stated the federal authorities has not been clear sufficient on how the earlier loans had been spent and is already searching for recent loans working into billions of {dollars} regardless of the hardship within the nation.

The former presidential aide lamented that Nigerians are but to really feel the affect of the loans already taken, including that the cash appears to be disappearing with out correct accountability and with out decreasing poverty or fixing infrastructure.

He warned that if the federal government continues to borrow with out accountability and with out slicing the price of governance, future generations of Nigerians might be made to pay for loans they didn’t profit from.

“Nigeria is borrowing itself into slavery. We cannot continue to borrow without accounting for previous loans. The government must tell Nigerians what they are using these loans for. We have to be careful not to mortgage the future of this country,” Abati stated.

He referred to as on the National Assembly to completely scrutinize any mortgage request from the manager and never simply approve loans with out questioning the aim and compensation plan.