ADC TO TINUBU: YOUR PORT REHAB AGREEMENT IS A ‘MUGU’ DEAL.- Says Nigeria taking loans to fund British Economy.
PRESS STATEMENT ADC TO TINUBU: YOUR PORT REHAB AGREEMENT IS A ‘MUGU’ DEAL. - Says Nigeria taking loans to fund British Economy. The African Democratic Congress (ADC) has described the £746 million agreement signed by President Bola Tinubu during his state visit to the UK as a ‘mugu’ deal, which disproportionately favoured the United Kingdom and its economy, while leaving Nigeria with a massive debt. In a statement signed by its National Publicity Secretary, Bolaji Abdullahi, the ADC said while the APC government has tried to pass off the deal as President Tinubu’s major achievement, it is in fact an achievement of the UK Government, which, through this deal, has managed to save its steel industry, protect thousands of UK jobs, and get Nigeria to pay for it. The party calls on the Federal Government to provide full transparency by disclosing comprehensive details of the agreement, including the applicable interest rates, repayment terms, and any local content provisions or ob...