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APC leaving a mountain of debt for unborn Nigerians – Sanusi
The deposed Emir of Kano, Lamido Sanusi, says the All Progressives Congress (APC) led federal government is leaving a mountain of debt for unborn Nigerians, adding that he is concerned for the next president of Nigeria after President Muhammadu Buhari.
Sanusi stated this in Kaduna on Saturday while addressing notable politicians at a Kaduna Investment programme titled “Building a resilient economy,” said the country’s economy has been tied to the oil and gas sector, and subsidy removal is fast mitigating the economy’s growth.
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“We are leaving a mountain of debt for our children. They (children) might curse us because we are taking all the money borrowed to subsidise petrol and enjoy it cheaply.
Sanusi said: “In other words, debt service is now 108 percent of revenue. Every naira the Federal Government earns goes to service debt, and it is not enough, (as the FG) has to borrow to service the debt. And then begin to borrow to build roads, pay salaries and overheads.
“We see the problem and we are going to continue. I’m sorry for the next president who comes in June and says I’m removing fuel subsidies after day one.”
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