\n
According to PunchNews, The spokesman for the opposition People\u2019s Democratic Party (PDP) Presidential Electoral Council, Charles Aniagwu, said the party\u2019s presidential nominee, Atiku Abubakar, and his running mate, Dr.Ifeanyi Okowa are adequately prepared to run the country\u2019s economy transparently and create jobs for the masses.<\/p>\n
In a panel on Ensuring Transparency in Managing Foreign Loans on AIT\u2019s Focus Nigeria, Aniagwu said Nigeria is currently spending hundreds of billions more than its earnings on debt servicing. <\/p>\n
As we spend far more than we generate, he thinks you can see how that is reflected in the 2023 budget. <\/p>\n
Atiku not only uses the finance minister\u2019s comment on debt service costs, but he has also examined what has happened in several countries that have been in a similar situation in the past, such as Peru in the 1980s, Germany after World War I, the United States in 1971 under President Nixon and of course what he did in 1999 with President Obasanjo.<\/p>\n
In 1999 the jobs were gone and the middle class was wiped out, but Atiku and Obasanjo came to the forefront of the economy with Atiku as chairman of the National Economic Council and the economy grew about 14.6 percent in 2006 and 2007.<\/p>\n
They were able to achieve this by introducing the GSM revolution, bank consolidation and other economic measures that stimulated economic growth, the spokesman said. <\/p>\n
He said Atiku is determined to pull Nigeria out of the debt glut by getting people to work by creating jobs for them. Atiku wants to bring jobs back.<\/p>\n
In his policy document, he intends to engage with our creditors to seek their support in restructuring this debt and possibly seek forgiveness by ensuring the greatest possible transparency and accountability in the use of credit.<\/p>\n
In the last quarter of 2014 our domestic debt was N9.6 trillion, today it is N26.9 trillion; In the last quarter of 2014, our external debt was only N1.6 trillion, today it is N17.1 trillion. Our ways and means were only about N0.6 billion as the law allows, but today it is about N23 billion, and this is a government that claims to have done so well.<\/p>\n
Atiku and Obasanjo did it in 1999, and I\u2019ve said before that we\u2019re almost like we were in 1999 now. Atiku will involve the private sector to boost productivity and is already reaching out to the international community to get debt relief for the country.<\/p>\n
He will reduce unemployment by boosting growth in the agricultural sector and also working with the private sector, which employed many Nigerians during the GSM revolution.<\/p>\n
That\u2019s what Atiku and Okowa want to do, and not just move the country from consumption to production without telling us what you want to produce and how you want to produce it.<\/p>\n
The only thing Peter Obi does as a is consume, where he imports foreign goods and makes it difficult for us to produce local goods. We\u2019re talking about practicality and not about those who write prose and try to turn it into poetry, explained Aniagwu.<\/p>\n
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According to PunchNews, The spokesman for the opposition People\u2019s Democratic Party (PDP) Presidential Electoral Council, Charles Aniagwu, said the party\u2019s presidential nominee, Atiku Abubakar, and his running mate, Dr.Ifeanyi Okowa are adequately prepared to run the country\u2019s economy transparently and create jobs for the masses. In a panel on Ensuring Transparency in Managing Foreign Loans […]<\/p>\n","protected":false},"author":1,"featured_media":13890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-13889","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"yoast_head":"\n
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