Former Senate President Bukola Saraki has opened up on the political challenges he faced after questioning foreign loan requests during the administration of late former President Muhammadu Buhari.
Saraki said he faced strong resistance for insisting on proper scrutiny of loan approvals while serving as Senate President between 2015 and 2019.
Speaking on Tuesday at the Global Strategic Advisory Group meeting held at Villa La Collina, Saraki reflected on his time in office and the difficult decisions he had to make in pushing for accountability in public finance.
The former Kwara State governor spoke during a panel discussion themed, “Development Policies—Withdrawal of the U.S. from International Development: Opportunities and Challenges.”
According to him, Nigeria’s economic future depends heavily on stronger internal revenue generation and more transparent fiscal management.
Saraki said one of Nigeria’s biggest economic problems remains its low tax-to-GDP ratio, stressing that the country cannot continue to depend heavily on external borrowing to drive
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