A 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 N6trillion.
According to the political activist, it was better for President Buhari to sell Nigeria as an entity than to continue to take loans thereby perpetually enslaving Nigerians.
CDA News reports that the fresh loan, according to Buhari in a letter to the Speaker of the House of Representatives, Femi Gbajabiamila, was meant to be a fiscal deficit in the 2022 budget.
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 increment of the deficit will be financed by new borrowings from 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 the Buhari government as “unconscionable, immoral, anti-people and anti-God.”