Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says he would engage creditors to seek “cancellation or forgiveness” to address the country’s foreign debt profile.
Abubakar said this on Tuesday at the Lagos Business School 2022 alumni day, while speaking on a range of economic issues in Nigeria, as well as his recovery plan for the country if elected president.
He also described the controversial petrol subsidy as a “fraud” and pledged to scrap it.
Abubakar said the economic gains of the PDP between 1999 to 2007 included debt cancellation, privatisation, banking reforms, and an effective working partnership with the private sector.
The presidential hopeful described Nigeria’s debt situation as a mess, and promised fix it if elected.
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