Former Vice President Atiku Abubakar has sharply criticised President Bola Tinubu’s administration for planning to issue a fresh bond to settle debts in the power sector.
Atiku describe the move as “fiscal recklessness” and a “racket” that lacks accountability.
In a statement issued by Phrank Shaibu, his Senior Special Assistant on Public Communication, Atiku said Nigerians have every right to be outraged by what he called a recurring cycle of borrowing, celebration, and non-disclosure.
“No government acting in good faith can repeatedly raise funds to solve the same problem while refusing to account for previous funds raised for the very same purpose,” the statement read.
The former vice president and 2027 presidential candidate for the Nigeria Democratic Congress (NDC) highlighted a troubling pattern of successive debt-clearing initiatives that have failed to resolve the crisis.
The Federal Government first announced a N590 billion power sector bond on December 20,
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