President Bola Ahmed Tinubu mentioned his administration has cleared N30 trillion methods and means mortgage from the Central Financial institution of Nigeria.
The President disclosed this on Tuesday throughout his sixty fourth Independence Day celebration nationwide broadcast.
In response to him, his administration within the final 16 months has made positive aspects in retooling and repositioning Nigeria’s economic system.
He added that Nigeria underneath his watch has lowered its debt service ratio from from 97 % to 68 %.
“The economic system is present process the mandatory reforms and retooling to serve us higher and extra sustainably. If we don’t right the fiscal misalignments that led to the present financial downturn, our nation will face an unsure future and the peril of unimaginable penalties.
“We have now cleared the methods and technique of a debt of over N30 trillion. We have now lowered the debt service ratio from 97 % to 68 %”, he mentioned.
DAILY POST remembers that the Nigerian Senate in February 2024 vowed to probe N30 trillion methods and means mortgage underneath former President Muhammadu Buhari’s authorities.
