A Senior Special Assistant to President Muhammadu Buhari on Public Affairs, Ajuri Ngelale, on Thursday, argued in defense of Nigeria’s alarming debt profile under the watch of his principal.
From a single digit inflation and unemployment rate in 2015, Nigeria’s inflation and unemployment currently stand at 20.77 and 33.3 per centNigeria’s currency which was N197 before the exit of the PDP administration in 2015 has crossed N438 and N830 at the official and unauthorised parallel markets respectively on Thursday.. Meanwhile, the PDP left the nation with a total of N12.6 trillion debt profile after its 16 years rule.
“Now if you look at the N41.68 trillion, right, and you are juxtaposing that not with N197 to $1, but with the current exchange rate where it is right now, on the parallel, you will now get the actual debt figure as it is right now.
They will soon understand.