Conduct complete audit of Nigeria’s debt- Economist tells Tinubu

‎An economist, Dr Ernest Abegbe, has known as on the federal authorities below the management of President Bola Tinubu to, with out losing extra time, conduct a complete forensic audit of each Nigeria’s home and exterior money owed.

Abegbe, whereas talking, additionally advocated for the cancellation of eligible money owed, curiosity and penalty waivers for the nation.

He famous that these are essential to know the precise quantity of the native and exterior money owed the nation is owing.

Abegbe made these declarations through an announcement made out there to DAILY POST on Friday.

In the assertion, Abegbe famous {that a} forensic evaluation of Nigeria’s money owed will assist to know the standing of Nigeria so far as money owed are involved.

Abegbe additionally revealed that it will assist to create fiscal house for nationwide improvement throughout the nation.

Abegbe defined that Nigeria’s debt administration technique should transfer past the publication of mixture debt figures.

He added that it will assist to make sure the whole quantity of debt secured by the present administration and the earlier ones.

He additionally disclosed that the train would offer the required basis for the present administration to barter strategic debt forgiveness or cancellation.

“I called on the Federal Government to conduct a comprehensive forensic audit of Nigeria’s domestic and external debt portfolio.

“I advocate the cancellation of eligible money owed, curiosity and penalty waivers, and strategic restructuring to create fiscal house for nationwide improvement.

“The exercise would provide the necessary foundation for the Federal Government to negotiate strategic debt forgiveness, cancellation of eligible obligations, interest and penalty waivers, restructuring and other relief measures with relevant creditors.”