The Peoples Democratic Party Presidential Campaign Council has stated that the World Bank’s latest projection of a grim economic future for Nigeria supports the necessity for its candidate, Atiku Abubakar, to be elected president in order to handle the nation’s numerous difficulties.Information Guide Nigeria
In an earlier report, The PUNCH cited Alex Sienaert, the World Bank’s senior economist for Nigeria, as saying that debt servicing will consume 123.4% of the country’s entire revenue in 2023.
This was said by Sienaert in a November presentation titled “Nigeria Public Finance Review: Fiscal Adjustment for Better and Sustainable Development Results.”JAMB Result
“Borrowing more is not the solution: debt costs are rising rapidly, squeezing non-interest spending,” he said, adding that “debt servicing has surged over the past decade and is expected to continue increasing over the medium-term, crowding out productive spending.”
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“The APC presidential candidate is always eager to dissociate from Buhari, but he carries a DNA that is infused with the APC blood and water. What can he do differently? Besides, if he had a different solution he could have offered it to his failed party so as to pave a smooth way for his own emergence. Having ‘chilled’ with the big boys, he now wants to ‘chill’ alone.
“Nigerians should look forward to the termination of APC’s arrested development when Atiku/Okowa and the PDP return Nigeria to its winning ways. As President Obasanjo said in his famous aphorism, there is no need to reinforce failure.Jamb Portal
“What the World Bank report has done is an economic advisory, which Nigerians have to take seriously by looking away from APC and embracing the People’s Democratic Party on February 25, 2023.”
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