Borrowing To Accumulate Debt For Next Generations Is Criminal – Obasanjo
by Borrowing To Accumulate Debt For Next Generations Is Criminal – Obasanjo
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Former Nigerian President, Olusegun Obasanjo, has lamented about the constant borrowing of loans by the government. Recall that only days ago, President Buhari requested the approval of the National Assembly to borrow $4,054,476,863 and €710 million.
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then how
long will it pay itself? But we are
borrowing and accumulating debt for the
next generation and the next generation
after them, it is criminal, to put it mildly.
What are we borrowing for?
“When I came into government and was
elected President, we were spending $3.5bn
to service debt, and even with that, our
quantum of debt was not going down.”
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