Debt crisis: Afe Babalola advises FG to raise liquidation committee | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 94%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

Founder of Afe Babalola University (ABUAD), Ado-Ekiti, Chief Afe Babalola (SAN), has advised the Federal Government to establish a Special Debt Liquidating Fund for all patriotic Nigerians

to offset the nation’s liabilities.

The proprietor, while lamenting the nation’s debt profile put at N41.60 trillion as at March 2022 and domestic debt of N5.24 trillion as of June, Badalona added that all erstwhile Presidents, Vice Presidents, Senate Presidents, House of Representatives Speakers and ministers should also pay N500 million each in five instalments.

“All those who paid N100 million for presidential nomination forms in 2022 should pay $50 million because they have the money. All those who are contesting the election should pay N500 million. All private jet owners in Nigeria should pay N500 million because they have the money.” “I honestly believe that if President Buhari and his government can lend weight to this proposition, Nigeria will be able to pay all or a reasonable part of the debt which is our problem today. Government will be able to attend to ASUU and other problems. The solution by our lecturers of today can only be attended to if the debt burden is resolved.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Prof Babalola. The other day when you mentioned Nigeria needed an interim govt, why didn't you also continue by telling young people that the way to it is the NINAS Plan, which you are aware of? NINASisRight NINASPlanIsTheAnswer WeStandWithNINAS TransitionNow EndSARS

Did these debts come magically? Doesn't govt have experts in relevant fields, advisers and planners? Meanwhile how have these monies been utilized, and the outcome therefore? Those who fail to plan, plan to fail.

Make them no try am, you know how many millions them go tell us again say them spendd for the committee abeg make them rest na them them.. abi na today we start to see committee

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in EDUCATİON

Education Education Latest News, Education Education Headlines