Former President Olusegun Obasanjo has warned that Nigeria’s increasing debt burden will be paid by the present generation, their children and their grandchildren if urgent steps are not taken to address it, Peak Newspaper reports.
Obasanjo stated this on Monday while speaking at the 7.0 Presidential Youth Mentorship Retreat, themed ‘African Youth Renaissance’, held at the Youth Development Centre, Olusegun Obasanjo Presidential Library, Abeokuta, Ogun State.
He said Nigeria’s debt had increased from $36 billion, which he described as a major concern during his administration, to $147 billion.
