My policy'll rescue Nigeria from recession
THE Presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, has said that Nigeria is financially broke and still feels in recession as was currently being dressed in borrowed robes. He added that he will implement a policy that will be timely delivered to rescue Nigeria from recession and debt situation. It would be recalled that Nigeria’s current debt, local and foreign, stands at N41trillion, with the nation spending a greater chunk of its revenue to service debts. Atiku said the government has distorted the economy since 2015, adding that basic commodities are now beyond the reach of ordinary Nigerians. The PDP standard bearer, who spoke at the presidential economic agenda forum of the Lagos Chamber of Commerce and Industry, LCCI, said: “Nigeria is being dressed in borrowed robes. the government has consistently run on a budget deficit since 2015, above three percent permissible threshold under FRA… and more if you add CBN and AMCON debt in ways and means.” On h...