Atiku kicks over $4.5bn NNPCL oil-backed loan refinancing

Former Vice President Atiku Abubakar has condemned the National Economic Council’s (NEC) approval of the refinancing of a $4.5 billion Nigerian National Petroleum Company Limited (NNPCL) oil-backed loan.
Atiku, who is also the African Democratic Congress (ADC) 2027 presidential candidate, said the refinancing approval by NEC is further proof that President Bola Tinubu’s administration has allegedly mortgaged Nigeria’s future to sustain “its reckless fiscal habits.”
The former Vice President, in a statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, said every new oil-backed obligation pushes Nigeria deeper into a vicious cycle “where tomorrow’s wealth is s...