Atiku Abubakar advise FG to stop borrowing to avert recession


Former vice-president Atiku Abubakar says Nigeria needs to stop borrowing to avert sliding into a further recession.

Atiku, on Sunday, in a series of posts on his official Twitter handle reacted to Nigeria’s economic slip into recession.

In his statement titled, ‘We Must Exit This Recession with Precision,’ Atiku said it was with a very heavy heart that he received the news which confirmed that for the second time in five years, Nigeria had entered into another recession.

He said the nation must stop borrowing for anything other than essential needs, adding that the more the country kept borrowing, the more it stood the risk of defaulting.

Atiku also called on President Muhammadu Buhari to heed to the patriotic counsel given by himself and other well-meaning Nigerians on cutting the cost of governance.