Our past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges – Peter Obi 

Presidential hopeful, Peter Obi, has said that the past and continued mismanagement of borrowed funds for consumption are major contributors to the monumental economic challenges Nigeria is facing.

In a thread posted on his Twitter handle this morning, Obi who was one-time Governor of Anambra State, said Nigeria now uses 90 percent of its revenue to service loans because the ones borrowed in the past were mismanaged.

READ ALSO N5k means a lot to poor Nigerians, some people shed tears when given because they’ve never seen such amount in their lives – Minister of humanitarian affairs, Sadiya Umar Farouq 

See his tweets below

Our past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges - Peter Obi
Our past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges - Peter Obi

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