Fresh loan: ADC accuses FG of running ‘Ponzi economy’

The African Democratic Congress, ADC, has accused the Federal Government of operating what it described as a “Ponzi economy” following moves to secure another $1.25 billion World Bank loan despite Nigeria’s growing debt burden, now estimated at about ₦159.28 trillion. ADC spokesperson, Bolaji Abdullahi, argued that the continuous borrowing has not...