A financial expert and economist, Ernest Abegbe, has urged the Federal Government to undertake a comprehensive forensic audit of Nigeria’s domestic and external debt portfolio, noting that rising debt-servicing obligations are squeezing resources needed to finance critical infrastructure and stimulate economic growth.
Abegbe said an independent review of the country’s debt obligations could uncover questionable or improperly documented liabilities, identify debts eligible for cancellation and provide a basis for negotiating interest and penalty waivers, restructuring and other forms of relief with creditors.
Speaking with journalists in Abuja , he argued that Nigeria must move beyond publishing aggregate debt figures and…