How Tinubu must tackle Nigeria’s debt profile – Afe Babalola

Afe Babalola has called on the President-elect, Asiwaju Bola Ahmed Tinubu, to tackle Nigeria’s debt profile.

According to the legal luminary, forgiveness or cancellation would relieve Nigeria of foreign debts
Babalola made the call on Sunday in Ado-Ekiti, at a lecture titled “Smart Infrastructure: Catalyst for Sustainable Development” delivered by Professor of Intelligent Infrastructure System, Prof Bamidele Adebisi.

He said; “Today, we are the worst debtors in the world. We owe trillions of dollars. We are borrowing more even when the current government is a few days to go. And we learned that our incoming president has gone to look for those who are coming to invest here. Have you ever heard of any man who is stupid enough to invest in a bankrupt country? They will never do so.

“What I expect the incoming president to do is learn from Obasanjo, who spent the first two years of his administration going around begging for forgiveness of our debt. Nobody is coming to invest here when you can’t even pay the interest due on the huge debt that we owe”, he added.