Founder of Afe Babalola University (ABUAD), Ado-Ekiti, Chief Afe Babalola (SAN), has advised the Federal Government to establish a Special Debt Liquidating Fund for all patriotic Nigerians
to offset the nation’s liabilities.
The proprietor, while lamenting the nation’s debt profile put at N41.60 trillion as at March 2022 and domestic debt of N5.24 trillion as of June, Badalona added that all erstwhile Presidents, Vice Presidents, Senate Presidents, House of Representatives Speakers and ministers should also pay N500 million each in five instalments.
“All those who paid N100 million for presidential nomination forms in 2022 should pay $50 million because they have the money. All those who are contesting the election should pay N500 million. All private jet owners in Nigeria should pay N500 million because they have the money.” “I honestly believe that if President Buhari and his government can lend weight to this proposition, Nigeria will be able to pay all or a reasonable part of the debt which is our problem today. Government will be able to attend to ASUU and other problems. The solution by our lecturers of today can only be attended to if the debt burden is resolved.”
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