Nigeria’s total debt could hit N50tn – Report

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THE Centre for the Promotion of Private Enterprise has said that Nigeria’s debt, including that of the Asset Management Corporation of Nigeria and borrowings from the Central Bank of Nigeria, can hit N50tn within the shortest possible time.

The Chief Executive Officer, CPPE, Dr. Muda Yusuf, said this during an event to present the 2022 first quarter economic review of CPPE in Lagos on Monday.

He said, “The rising debt profile of government raises serious sustainability concerns. The Debt Management Office had reported that total public debt was N39.56tn as at December 2021. About 11.3 per cent of this debt is owed by the states and FCT. Although government tends to argue that Nigeria does not have a debt problem, the country has a revenue challenge, he said.

 

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Those old political ghost has put the young generation into unpaid debt. God Almighty help Nigeria

Laslas una go just sell everything in this country

Generations yet unborn will battle to repay the loans...Indeed, there was a country!

Football language please, anyone?

Too bad, the APC government and their herdsmen/bandit brothers have finish this country, they have borrowed for us and our childrens children 🙄 even up to the 4th and 5th generation

Nice one 👍 keep it up Nija 🤝🤝

Are you telling me?

Jesu 😆😆😆😆

Wahala

Gbese re ooo... I'm really pitty who is going to emerge as Nigeria president! We shouldn't lied to ourselves there's no miracles that New president gonna perform because this debts can't be solved within 8years only if they want to deceive us as usual

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