May 27, 2023 11:45 AMPresident Muhammadu Buhari has asked Nigerians to take the country’s assets and investments into account when considering the debt profile.
In a statement posted on Twitter on Saturday, the president said the growth is “no small undertaking”. “The wealth and prosperity of many nations, especially post-war Europe, was built largely on infrastructure and on debt redeemed over decades. Some of the projects are commercially self-liquidating.”Buhari added that without investing in infrastructure, the road out of poverty is a much tougher one.Nigeria’s total public debt reached N46.25 trillion at the end of the fourth quarter of 2022.
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