Says with N159.28tr debt, every Nigerian owes N670,000
Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has lamented the unprecedented rise in public debt under President Bola Tinubu, noting that the N65.9 trillion borrowed by the administration in the last 24 months is more than five times the total debt Nigeria incurred in the first 55 years of its Independence.
Oye, who is the immediate past chairman of the Organised Private Sector of Nigeria (OPSN), noted that while successive governments accumulated debt over decades, the Tinubu administration alone added N65.9 trillion in two years, compared to just N12 trillion accumulated over 55 years.
He revealed that, with Nigeria’s total public debt…