Nigerian business mogul and senator-elect, Jimoh Ibrahim, has advised President Bola Tinubu to take more loan from five EXIM banks to clear off Nigeria’s N77 trillion debt within the next three months in office.
Ibrahim explained that Nigeria’s can secure a loan five times the current debt of the country and get a repayment plan of 40-years.
“By doing so, there would be a surplus with a repayment plan that can last 40 years and then have an honorarium period of 10 years, and you are out of the debt,” Ibrahim said.
The politician gave the advice while speaking in an interview on Channels Television’s programme, Politics Today.
Describing Boko Haram as a serious political problem, Ibrahim urged President Tinubu to return Nigerian troops to their barracks.
Ibrahim further accused the military of deploying a conventional strategy to an unconventional war.
According to him, the country has splashed a staggering $1.2 trillion fighting insurgency within the last 10-years.
“Rather than deploying troops to the theatre of operations, the Nigerian government should look for information gathering, socialization,” Ibrahim said.
WHY ARE YOU PAYING DEBT IN THE FACE OF MIRAGES OF SOCIO-ECONOMIC PROBLEMS.
There are more to do with money beyond paying debts which could be addressed at the most appropriate time.
I DO NOT UNDERSTAND THE TYPE OF ECONIMIC THEORY BY WHICH YOU WANT TO PAY DEBT WHEN YOU STILL HAVE BOTH INFRASTRUCTURE AND SOCIAIL DIFFICULTIES TO CONFRONT.