The President of the FRN, Bola Tinubu has stated that the government cannot fulfil its debt with 90% of its earnings.
He warned that if this continued, the country would be destroyed.
Tinubu made this address at the Nigerian Bar Association’s Annual Conference in Abuja on Sunday.
He noted that his government needs to undertake painful adjustments in order to improve the country’s fortunes.
Tinubu stated,
“Can we continue to service external debts with 90% of our revenue? It is a path to destruction. It is not sustainable. We must make the very difficult changes that are necessary for our country to get up from slumber and be respected among the great nations of the world.
“To build a great nation, we must make bold decisions; even though it may be painful at the moment, it is not about you and me. It is about our generation yet unborn.”
cc: Punch Ng
