Home Borrower Minority representative caucus instructs FG to end borrowing

Minority representative caucus instructs FG to end borrowing


From Ndubuisi Orji, Abuja

the minority caucus in the House of Representatives, instructed the federal government to end its “borrowing frenzy” in 2022.

The caucus, in a statement by Minority Leader Ndudi Elumelu, said on Friday that the government’s numerous loans had become a huge economic burden on the country.

Opposition lawmakers also accused the All Progressives Congress (APC) of leading the federal government to show remorse for its alleged failures in 2021 and to use the new Year for further introspection, as well as to focus on the well-being of Nigerians.

The caucus, while congratulating Nigerians on the New Year, urged them to come out of the gloom of the past and approach 2022 with more optimism and faith for a better country.

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“Indeed, the new year offers us the opportunity to triumph over all divisive tendencies, to overcome our fears and to rekindle the bond of unity, love, tolerance, mutual respect and understanding towards each other. others as we prepare for the task ahead.

“The APC administration should take urgent action to tackle poverty, unemployment, high costs and declining infrastructure by developing our productive sector and empowering hardworking and creative Nigerians, especially young people, to make a meaningful commitment, instead of resorting to false declarations of performance.

“He should also rethink his borrowing frenzy and reckless accumulation of debt, which has placed a tremendous economic burden on our nation.