Shehu Sani urges Tinubu To Investigate Buhari’s Govt Over Debt

• Shehu Sani has urged President-elect Tinubu to investigate Buhari’s government over the debt crisis.

• Sani voiced his concerns regarding the accumulation of both local and foreign debts during the eight-year tenure of the Buhari administration.

• The nation’s rising debt profile is currently hovering around N77 trillion.

EKO HOT BLOG reports that Shehu Sani, a former Kaduna senator has asked President-elect Bola Tinubu, to probe the outgoing government led by President Muhammadu Buhari.

Sani said this while expressing worries over the local and foreign debts the Buhari administration incurred in its eight years.

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The nation’s rising debt profile is currently hovering around N77 trillion if the N23 trillion loans from the Central Bank of Nigeria (CBN) are securitised, the Debt Management Office (DMO) disclosed.

Nigerians are currently expressing concerns that the outgoing administration is still requesting an $800 million loan from the World Bank a few weeks before the end of its tenure.

Some of the loans obtained by the Buhari government were reportedly used to construct roads, bridges, and other infrastructure across the nation.

But, Sani said the first step in servicing the nation’s debt is to conduct a full investigation of the cost of the projects they were purportedly used for.

In a post on Twitter, he asked the incoming government to probe all federal ministries, departments, and agencies under the Buhari regime.

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His words: “The first step towards servicing our billions of dollars of local and foreign debt is a full investigation of the cost of the projects they were purportedly used for.
“The incoming government must probe all the MDAs under this regime.”

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