“The DMO said as of March 31, 2024, the country’s domestic and external debts stood at N121.67 trillion . Nigeria’s debt rose by N24.33 trillion within three months – from N97.34 trillion in December 2023 to N121.67 trillion .” Channels Television.the same way drug addicts cannot kick the habit; and become increasingly hooked.
What is clear from records available everywhere was the notion that reducing the FG’s or states outstanding debts was out of the question. Curiously enough, so was recovering all the assets looted by government officials at federal and state. I was shocked when a former Governor told me that the noise made about his predecessor going away with official vehicles was a cover up for a deal. He did not actually want to take action against his predecessor.
I was sent a copy of a letter sent to President Tinubu in early June titled: CALL FOR PROBE OF 20 TRILLION NAIRA STAMP DUTY FUND UNREMITTED TO FEDERATION ACCOUNT. The letter sent to President Tinubu, and copied to me, mentioned two government agencies, CBN and NIBSS, as the culprits. Readers need to be reminded that the current Governor and Management of the CBN are not involved because the matter started in 2017. Yemi Cardoso just inherited one more mess created by the previous management of the bank.
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