The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has said he will ask for debt forgiveness or cancellation to relieve Nigeria’s foreign debts.

The former vice president, while speaking on his economic recovery plan at the Lagos Business School 2022 Alumni Day, also said his privatisation plan was not to render Nigerians jobless.

Speaking on a plethora of economic issues Nigeria is currently battling with, Atiku gave a brief background on the economic gains of the PDP between 1999 and 2007, including debt cancellation, privatisation, banking reforms, as well as the effective working partnership with the private sector.

He engaged the audience on economic issues, fuel subsidy, foreign exchange policy, debt crisis, and power, as well as issues bordering on the oil and gas sector at the event which had business executives in attendance.

He also used the platform to pay tribute to the private sector for the successes recorded by the PDP from 1999- 2007.

On the rising cost of governance, the former VP said he would revisit the Orosanye report and ensure the white paper report was in conformity with the principle of setting up the committee.

Speaking on fuel subsidy, Atiku noted how the PDP government had phased out subsidy in batches, saying, “I was the chairman for the removal of fuel subsidy committee and I recall how we removed the phase 1 and phase 2 of fuel subsidy. I will continue from were we stopped, remove fuel subsidy totally and channel the subsidy funds back to the economy.

Source: punch newspaper

Seek debt cancellation so as to owe another new ones abi... why not make nigeria profitable in other to boycott able to clear the outstanding debt and become an independent economy through exportations of various resources. When u seek debt cancellation it means this country is not working at all.

Am here for my business not for any other thing