Former Vice-President, Atiku Abubakar, has expressed worry over the rising debt profile of the country under the administration of President Muhammadu Buhari.
He said the Buhari government has taken more loans in the last three years, than the country did in the 30-year period preceding 2016.
According to him, this position was revealed by a former Chief Executive Officer, Nigeria Economic Summit Group, Prof. Anya O. Anya.
He stated that it was worrisome how Nigeria had such a monumental increase in borrowings vis-à-vis an unprecedented reduction in investments in education.
Atiku spoke while delivering a speech at the 14th Founders’ day ceremony of the American University of Nigeria in Yola, the Adamawa State capital.