businesses can no longer access credit. Investors are losing confidence and pulling out. And because over 60 percent of our national income is now used to service debt, the government is turning to ordinary Nigerian families and taxing them beyond their limits.
“While other countries are fighting to reduce their debts, the APC is taking out more loans. The recent devaluation of the naira should have reduced the need for external borrowing, but instead, the government has treated it as an excuse to borrow even more.”
ADC demanded a full disclosure of all loan agreements signed over the past ten years, insisting that Nigerians have a right to know the terms, interest rates, payment timelines, and final recipients of the lo
ans.
