Former President Olusegun Obasanjo has warned that Nigeria may be heading to bankruptcy, if it continued in its habit of borrowing to service debt and borrowing more. Obasanjo handed this warning as a keynote speaker at the “Why I am Alive” campaign celebration in Lagos on Friday. Our political leaders he stated, have suddenly developed not just a taste for, but a voracious appetite for debt. Simply put, we are borrowing to service what we have borrowed and yet we are borrowing more. His words: “ I fear for the future we are bequeathing to our children and to their children and their children’s children.

Source: Nigerian Tribune December 28, 2019 06:11 UTC