Fresh loan: FG replies Atiku, Obi, says borrowing’ll drive growth

• Makinde kicks, demands withdrawal
From Juliana Taiwo-Obalonye and Ndubuisi Orji, Abuja
T he Federal Government has defended its proposed $21.7 billion external borrowing plan against criticisms by former Vice President Atiku Abubakar and former Anambra State governor Peter Obi, insisting that the funds would finance productive investments, stimulate economic growth and improve Nigerians’ living standards.
However, the Makinde-Daura Presidential Campaign Organisation (MDPCO) of the Allied Peoples Movement (APM) has separately rejected the borrowing proposal, accusing President Bola Tinubu of accumulating debts without commensurate development or a credible repayment plan and urgi...