Reno Omokri, former aide to ex-President, Goodluck Jonathan, has said each Nigerian will owe N185,000 if the senate approve President Muhammadu Buhari’s latest request to borrow money outside the country to finance the 2021 budget.
Buhari, on Tuesday, sent a letter to the senate seeking approval to borrow N2.3 trillion to finance 2021 budget deficit of N5.6 trillion.
According to the President, the loan will enable the Federal Government fund critical infrastructural projects in transportation, health, education, among others.
Omokri, while commenting on the request, said approval of the loan by the senate will take the country’s external debt to N37 trillion.
In his analysis, he said Nigeria’s current external debt is N34 trillion, meaning that each Nigeria is owing N170,000.
According to him, the nation’s total debt was N12 trillion when Jonathan handed over power to Buhari in 2015.
“When Muhammadu Buhari took office on May 29, 2015, Nigeria owed a total debt of ₦12 trillion, meaning each Nigerian owed ₦60,000. Today, we owe ₦34 trillion, meaning each citizen owes ₦170,000.
“Yesterday Buhari asked the National Assembly for approval to borrow an additional ₦2.3 trillion. If that request is granted, our total debt will rise to ₦37 trillion, meaning each Nigerian will owe ₦185,000.
“Buhari will not repay that money. It is YOU and YOUR CHILDREN that will. My people and I are not just doing #HarassBuhariOutofParis because of you.
“We are also doing it for your children. How can Nigeria produce the man on your left and the woman on your right, yet be led by the man in the middle?