Rising debt profile: Incessant borrowing necessary for socio-economic development – Buhari


While political events often dominate the headlines, the issue of Nigeria’s rising debt profile is one that worries everyone.

But on Friday at the inauguration of the Presidential Committee on the National Economy, President Muhammadu Buhari says Nigeria’s debt profile which as at March 2022 stood at N41.60 trillion is justified.

President Buhari further explained that his administration’s resort to borrowing is hinged on the need to implement Social Investment Programmes.

Buhari also expressed the need to upscale resource mobilization and utilization in the country as more could be achieved in this direction.

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