Account for $20bn savings, Group challenges FG
*Opposes fresh borrowing amid escalating debt *Warns inconsistency damages Public Trust THE Human Rights Writers Association of Nigeria (HURIWA) has expressed deep concern over the conflicting financial claims and borrowing policies of the Federal Government, questioning the management of Nigeria’s economy under President Bola Ahmed Tinubu. In a strongly worded statement issued on Friday, the civil rights group criticized the government for failing to align its rhetoric on savings with its actions on debt accumulation, warning that the inconsistency is damaging public trust. HURIWA highlighted that just days after the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, lauded the government’s $20 billion savings from fuel subsidy removal and foreign exchange reforms, the Senate approved a fresh loan request of $2.2 billion. The loan is part of efforts to plug the ¦ 9.7 trillion budget deficit for 2024, despite assurances that the savings would significantl...