•laments FG’s ‘nonchalant attitude’ to debt crisis

Communication and Digital Economy”.

“As a matter of fact, we don’t need to borrow. What we need to do is to cut waste. Just recently, we all saw the aviation minister announce that he bought 10 firefighting trucks for over 12 billion naira. Is this what we are borrowing to spend on?

Also, we read that the Minister of Communication and Digital Economy announced the approval of 24.2 billion to provide internet facilities at airports and some institutions amongst other places. These are the things we are spending on a few weeks before the end of this administration and this is unacceptable”.

CISLAC also condemned the reckless spending of the present administration, with only a few weeks to go, while stating that it was unnecessary and was a clear sign of diversion of public funds for personal interest rather than the overall good of the country.

He called on the financial watch-dogs of the country to spotlight all public spendings that have not followed an adequate procurement process.

He said, “What’s the need for acquiring fighter trucks towards the end of an administration in a position you have held for over 8 years but you find no need to acquire the trucks until the end? This is a clear sign of contract scams that do not follow due processes and public interest, it is simply financial recklessness.

“And Nigeria as a nation that is so swamped up in debts, cannot afford that right now, because where’s the public interest in that elephant project? Also, the Minister of Communications has gone ahead to get an approval of FEC for N24.2bn for internet access at airports and universities but these are services that naturally should be done by service providers”.

He further stated that the was in a “debt trap”, adding that “records from both national and international financial and debt institutions regarding Nigeria’s debt, reveal a state in crisis.”