Former President Olusegun Obasanjo has described Nigeria’s rising debt profile as a fundamental problem for both present and future generations.
Obasanjo disclosed this during a recent Zoom interactive program tagged “Boiling Point Arena”.
Nigeria’s debt had surged by N12.6 trillion in three months, reaching N134.3 trillion ($91.3bn) by the end of the second quarter of 2024.
This marks a 10.35 percent increase from the N121.7 trillion recorded in the first quarter of the year.
Obasanjo cited South Korea and Singapore as examples of nations whose progress was rooted in merit-based and integrity-driven leadership.
According to him, the best way to fight corruption is from the top.