Away with bad policies: Nigeria will no longer service debt with 90% of revenue – Tinubu

President Bola Ahmed has said it is enough and away with bad polices as Nigeria will no longer service its external debt with 90 per cent of the nation’s income. The President maintains that the country has to make very hard decisions and fiscal discipline before it can achieve greatness.

Tinubu made the statement during the Nigerian Bar Association (NBA) 2023 Annual General Conference which started in Abuja on Sunday with the opening ceremony of the 63rd edition.

President Bola Tinubu and other government officials are attending the event which is taking place at the velodrome of the Moshood Abiola Stadium in Nigeria’s capital city. The theme of this year’s conference is “Getting it Right and Charting the Course for Nigeria’s Nation Building”.

In his address, President Tinubu called for a change of mindset and approach to governance, adding that the bold endeavours to be embarked upon by the nation will need collaboration with the private sector

“Nigeria cannot continue to service external debt with over 90 percent of its revenue. The country has to make hard decisions to achieve greatness”, he says in his opening speech.

The Nigerian leader described the lack of electricity in the majority of homes in the country as shameful.

He, however, vowed to rewrite the narrative and also banish poverty from Nigeria which he says is unacceptable, also maintained Nigeria cannot continue to service external debt with over 90 percent of its revenue,

According to NBA President Yakubu Maikyau, this year’s conference is centred around three thematic areas – security, economy, and the administration of Justice.

He hopes that after the conference, the NBA can set an agenda for Nigerians around these themes with which to engage the Presidency for the good of the country.