2023: Nigeria Is Broke Under APC


The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has said that Nigeria is broke beneath the All Progressives Congress.


Atiku said Nigeria had been working on funds deficits as a result of the APC bought right here to vitality in 2015.

Atiku acknowledged this on the Lagos Chamber of Commerce & Industry on Tuesday as he was rolling out his monetary agenda for the nation if he lastly gained the 2023 elections.

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He said, “Nigeria is broke. Nigeria under the APC-led government has consistently run on budget deficits since it came to power in 2015. These budget deficits are often above the 3% threshold permissible under the Fiscal Responsibility Law.”

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“For the first time in Nigeria’s historic previous, the FGN paid further in debt service than it earned! By spending higher than 100% of its revenue for debt service, Nigeria is breaching one among many related debt-sustainability thresholds.

”The failure of administration by the APC-led authorities is staring every Nigerian throughout the face as a result of the nation’s monetary, social, political and security challenges persist and assume scary dimensions.

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Atiku said Nigeria had the potential to double its Gross Domestic Product by 2030 and acquire a per capita income of roughly US$5,000, together with that “Our economic growth and development agenda seeks primarily to stimulate the growth of the economy. It envisions an economy that is modern, dynamic, and competitive, capable of taking its rightful place among the top 20 economies of the world.”

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Photo Credit: Getty

Source : koko.ng

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