Former President Olusegun Obasanjo has described Nigeria’s growing debt profile as a significant burden for both present and future generations.
Speaking during a Zoom interactive programme tagged “Boiling Point Arena” on Sunday, Obasanjo expressed concern over the nation’s rising debt profile.
It was reported Nigeria’s debt had surged by N12.6tn in three months, reaching N134.3tn ($91.3bn) by the end of the second quarter of 2024.
This marks a 10.35% increase from the N121.7tn recorded in the first quarter of the year.
Reflecting on his tenure, Obasanjo said, “Yes, I was able to secure debt forgiveness for the nation before I left office, but our present debt profile is a problem for both this and the next generation
