Nigeria’s President, Muhammadu Buhari, has stated that the country’s debt profile is still sustainable.
He stated this while presenting the 2022 budget estimate before a joint session of the National Assembly on Thursday, October 7.
The President told Nigerians not to be dismayed with the debts accrued, noting that the borrowings are needed in order to bring the country out of recession and boosting the economy.
Revealing that his administration’s goal is to grow the country’s Gross Domestic Product (GDP) from the current 8 per cent to 15 per cent by 2025, Buhari added that the 2022 budget is designed to build on the achievements recorded in previous budgets and to actualize the 2021-2025 development plan.
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