The suit also seeks to interrogate what SERAP described as the unsustainable level of borrowing by the government and the 36 states, debt crisis, and the disproportionately negative impact of what it said is the retrogressive measures on poor Nigerians.
In the suit filed last week before the ECOWAS Court of Justice in Abuja, SERAP sought an order directing and compelling the Federal Government to issue an immediate moratorium on borrowing by itself, and the 36 states, in conformity with the country’s international human rights obligations.
SERAP also sought an order directing the Federal Government to publish details of spending of the loans obtained by governments since 1999 including the list of projects and locations of any such projects on which these loans have been spent.
In the suit filed by SERAP on behalf of concerned Nigerians, the organization argued that persistent and unsustainable borrowing by the federal and state governments and the crippling debt burden undermine the rights of Nigerians to economic and social development, and are antithetical to the public interest.
No date has been fixed for the hearing of the suit.
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