In the last 21 year’s, the borrowing trend in the country by our leaders from the time of the military has left the country in high dept profile.
According to Senator Solomon Olamilekan Adeola, the dept accumulated between 1999 and 2015 which had Obasanjo, Yar’Adua and Jonathan as leaders.
The lawmaker disclosed this in a statement issued by the spokesperson of the senate president, Ezrel Tabiowo when asked by Lawan to make clarifications on concerns raised by lawmaker over Nigeria’s dept profile.
“A huge part of Nigeria’s total dept profile roughly estimated at #33trillion naira were incurred by past administrations dating back to the military era”.
Majority of the loans being repaid presently by the president Muhammadu Buhari administration were one’s accumulated from the times of the military to those of the PDP administration under ex presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan between 1999 and 2015.
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