Previous Nigerian President, Olusegun Obasanjo has deplored the size of obligation being owed by the country, years after he left office in 2007.
Obasanjo said he left Nigeria with about $70 billion, remembering a $45 billion hold and $25 billion for an assigned "overabundance rough" account.
"I came in 1999 and met $3.7 billion in the hold. Furthermore, I have told you, we were burning through $3.5 billion to support the obligations. That is the very thing we had." Obj told Kayode Akintemi
"When we left eight years after the fact, with obligation help, when I came in, we had an obligation shade of near $36 billion. When I left, with the obligation help and clearing what we needed to clear, the quantum of obligation that I left was about $3.5 to $3.6 billion from more than or around $36 billion.
"Simultaneously, the save that was $3.7 billion when I came in went to $45 billion. Simultaneously, we had what we called "Overabundance rough", which is in abundance of what we spending plan and what we really sell the unrefined. Regularly, we are moderate in planning, we refer to it as "Abundance rough". In this way, we had in it about $25 billion. At the point when you add that to the hold, we are discussing $70 billion.
"Presently, the fact of the matter is that I left in 2007. Today somewhere in the range of 2007 and 2024, all that measure of cash has gone; every last bit of it. That, yet all the cash they made all that period had gone. Also, today, we owe more than we owe when we came to government in 1999
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