Following a recent revelation of the nations debt of about 77 trillion Naira, the presidential candidate of the African Action Congress, (AAC), Omoyele Sowore, yesterday, accused President Muhammadu Buhari of ‘borrowing Nigeria back to Stone Age’.
Recall that the Director-General of the Debt Management Office, (DMO), Patience Oniha, disclosed recently, during a public presentation of the 2023 budget, that Nigerias public debt burden may hit N77 trillion if the National Assembly approved the request by President Muhammadu Buhari to restructure the ‘Ways and Means’ advances.
However, Sowore stated that if elected president in 2023, the repayment of the 77 trillion naira in debt amassed by the previous administration would be suspended until a thorough audit is conducted.
Sowore, who played host to a television presidential interview in Lagos, also explained that his government would prefer to use available resources on infrastructure development in addition to other urgent needs of the nation rather than paying down the N77 trillion debts.
Speaking on his plans to increase the revenue generation of the country, if elected, he said that he has since identified several other revenue sources that have either been hidden, or have not been harnessed the way they should be.
Speaking on the subject of subsidies, Sowore claimed that what the country refers to as subsidies is actually a fake conduit set-up by political cabals to profit themselves at the expense of the nations communal resources.
