African Bank President, Adesina Warns Buhari's Government Over Nigeria’s Rising Debts | Sahara Reporters

The President of the African Development Bank, Akinwunmi Adesina, has asked the Muhammadu Buhari-led government to decisively resolve the nation’s debt challenges to trigger economic growth.

According to the 2022 budget proposal of N16.39trillion, N3.61trillion has been earmarked to service debt for the year, representing 22 per cent of the total expenditure and 35.6 per cent of the total revenue. He, however, acknowledged that the debt-to-GDP ratio remained “moderate”, adding that the economic resurgence was possible when Nigeria removes “structural bottlenecks” that limit the revenue-earning potential of non-oil sectors.

“The debt service to revenue ratio for Nigeria is high at 73 per cent. Things will improve as oil prices recover, but the situation has revealed the vulnerability of Nigeria’s economy. To have an economic resurgence, we need to fix the structure of the economy and address some basic fundamentals.

Nigerians eeeh , how can someone who can’t increase his cows to more than 150 in numbers be Nigerian president .

When intellectuals speaking facts and truths, mediocre neither have a clue nor understand.

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Next time una dis see dis man for una Bank e make una flog am...

The mistake i make 2015 am still regreting 😭😭😭😭

Waste of time...

Adesina is wasting his time advising buhari who has a deliberate plan to ruin Nigeria.

E be like say the man wan resign.

Mugu Buhari has no interest of Nigeria 🇳🇬 at heart. Buhari is anti-Nigeria

😂you advising someone that's not even aware he's sitting there with you. Lol.

jerry_emy They won't listen

How you warn someone that has Amnesia. Follow me and follow back quickly.

Its only human being that you can give warning to and they will adjust but in this case people that you're warning aren't human beings at all they don't have sense

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