Nigerias Growing Debt Burden Threatens Future Generations, Says Former President Obasanjo

Nigeria's growing debt profile is a "significant burden" for current and future generations, according to former President Olusegun Obasanjo. The country's debt has become an increasing concern under his observation.

Former Nigerian President Olusegun Obasanjo has expressed concern over the country's rapidly growing debt profile, labeling it as a significant burden for both current and future generations. In a recent Zoom interactive programme, Obasanjo emphasized the need for sustainable fiscal management to avoid passing on the financial weight to the next generation. The increasing debt burden poses long-term challenges for Nigeria's economic stability and social welfare. By speaking out against this trend, Obasanjo is urging policymakers to adopt prudent financial strategies to ensure a brighter future for Nigerians.