FG replies Atiku, Obi: $21.7bn loan is investment, not debt

Finance minister targets single-digit inflation by 2027
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From Juliana Taiwo-Obalonye, Abuja
The Federal Government has defended its proposed $21.7 billion external borrowing plan against criticisms by former Vice President Atiku Abubakar and former Labour Party presidential candidate Peter Obi, insisting that the funds are intended to finance productive investments that will drive economic growth and improve Nigerians’ living standards.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the proposed financing should be assessed based on the assets to be created and the economic ...