President Muhammadu Buhari has been asked to outrightly put up Nigeria for sale for interested buyers, rather than seeking for N6 trillion loan.
The former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, on Sunday, condemned plans by President Muhammadu Buhari to borrow another N6 trillion.
He said, Nigeria under President Muhammadu Buhari should be sold rather than mountainous loans that would enslave citizens when he was out of power.
Buhari had written to the House of Representatives seeking a fresh loan of N6 trillion to finance the 2022 budget deficit which Mr. Frank is raising concerns.
Buhari’s letter reads in part: “As you are aware Mr Speaker, the new development both in the global economy as well as the domestic economy has necessitated the revision of the 2022 fiscal framework on which the 2022 budget was based.
“The total budget deficit is projected to increase from N965.42 billion to N7.35 trillion representing 3.99 percent of the GDP.
The new borrowings Buhari maintained.was to shore up deficits and finance the domestic market.
Frank who is the United Liberation Movement for West Papua (ULMWP) Ambassador to East Africa and Middle East, in a statement in Abuja, described the move to further amass debt by Buhari as unconscionable, immoral, anti-people and anti-God.
He told Mr President to sell the country and share money to APC members, insisting that Buhari’s appetite was insatiable.
Timi in statement posited that past loans have been shred through corrupt.deals, hence, the rate of poverty is now in equal proportion with loans taken.
He expressed concern that of loans taken in the past was useful, why has Nigeria rated the poverty capital of the world, “a clear evidence that the loans never benefited the poor masses or the completely knocked down nation’s economy.
“How can we have a President that only knows how to borrow with no tangible project to show for what has been borrowed.
“Nigeria today is beset by insecurity but Buhari cannot account for over N10 trillion defence budget since 2015.
“Nigeria was fortunate to secure debt forgiveness and cancellation during the administration of President Olusegun Obasanjo. But Buhari has since acquired over ten times the value of Nigeria’s debt that was written off by the Bretton Woods Institutions, that is, the World Bank and the International Monetary Fund (IMF).
“It is unfortunate that the Buhari’s regime has turned out to be the worst government since this democratic dispensation in view of its attempt to completely subjugate Nigerians to poverty by making them slaves to creditor nations and institutions across the world.
“As the 2023 general elections draw near, Nigerians are being presented with an opportunity to vote in better and credible political leaders that would help free the country from the debt burden foisted on it by the Buhari-led APC regime, and ensure genuine development of the country,” Frank said.
