Obi Weeps Over Use Of N10 Trillion To Service Debts
Presidential candidate of the Labour Party in the 2023 general election, Peter Obi says he is not particularly happy with the nation’s rising debt profile saying that N97.3 trillion is on the high side and worrisome.
Former Anambra State Governor, said, most of the debts are not deployed for production, and described as dangerous to growth, the use of nearly N10 trillion to service unproductive debts.
Obi wrote in his X handle saying “I remain concerned about our borrowings, considering their galloping situation over the years, and its concomitant effects on the economy and there has been no corresponding visible usage or investments as required by the law, to show their impact on the nation.
He also sent an appeal to the government to please de-accelerate the borrowing, and re-evaluate to see
what has been achieved with previous loans so far and be able to make better
decisions for the good of the nation.
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