Buhari's former Minister explodes: Nigeria is currently under heavy debt caused by this govt

By Editor on 12/09/2018

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The deputy secretary-general of the United Nation, Amina Mohammed has said that former minister of finance, Ngozi okonjo-Iweala, brought Nigeria out of debt but the current government led by Muhammadu Buhari has plunged the country back in it at the moment.

The former minister under Buhari who spoke at the International Monetary Fund and UN working together conversation expressed worry over Nigeria’s and Africa\s rising debt.

She insisted that the IMF and UN to have a better conversation to help growing economies.

She said: “Public resources are always going to be important, and so is ODA and the private sector. But I think we still haven’t yet got quite the solution and I hope that the work that we do together will open up that space to think more on how to leverage that.

“As I was coming up from New York, some of the concerns that came up from the meeting we had in China just recently and reports that we have; the debt issues are really big, I mean, having experienced what it was for Ngozi (Okonjo-Iweala) to get debt relief.

“It took her a few years to convince people, and we are now back again in my country, with a level of debt that is worrying, but its happening all over. Africa, is that the way we want to go?

“I think we really need to sit down and have a better conversation about all the asks of a growing economy; that needs to be inclusive, it needs to succeed, because stability is needed more than ever today, across our countries and where we are working.” 

 

Source Cable

Posted on September, 12 2018

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