Foremost lawyer Chief Afe Babalola has asked the incoming administration of Asiwaju Bola Ahmed Tinubu to prioritise debt forgiveness for Nigeria from creditors countries and multilateral financial institutions.
Babalola said forgiveness or cancellation would relieve Nigeria of humongous foreign debts, adding that lion share of the country’s resources were being used to service debt obligations.
The legal luminary spoke on Sunday in Ado-Ekiti, the state capital at the sideline of a lecture titled: “Smart Infrastructure: Catalyst for sustainable development” by Professor of Intelligent Infrastructure System, Prof Bamidele Adebisi.
Babalola, who lamented the country’s debt profile, expressed sadness that the debt incurred were not channeled appropriately but were spent on questionable priorities.
You can find more details on the Nation newspaper.
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