News
Seek Help From International Creditors, Babalola Tells Tinubu
![](https://www.tracknews.ng/wp-content/uploads/2024/02/WhatsApp-Image-2024-02-12-at-12.57.09-AM.jpeg)
The Chancellor and Founder of Afe Babalola University, Ado Ekiti (ABUAD), Are Afe Babalola, SAN, has again called on President Bola Ahmed Tinubu to seek…
The Chancellor and Founder of Afe Babalola University, Ado Ekiti (ABUAD), Are Afe Babalola, SAN, has again called on President Bola Ahmed Tinubu to seek debt relief from international creditors.
Babalola called for an investigation into how Nigeria found itself in the present situation of huge indebtedness.
He, therefore, cautioned that something must be done urgently about the state of indebtedness to prevent the country from being crippled and attended by socio-economic crises.
READ ALSO: Ondo Deputy Gov: Party leaders, youths drum support for Babajide
The ABUAD founder spoke in Ado Ekiti at the weekend shortly after the 6th induction ceremony of 161 fresh doctors produced by the university into the medical profession by the Medical and Dental Council of Nigeria.
Police, Amotekun, others comb bushes after gunmen kill driver, kidnap travellers
Robust transport system catalyst for economic growth – Sen Alkali
Babalola said, “Nigeria is one of the greatest debtors of the world. To me, let us investigate how we came to owe several trillions of naira. What did we spend it on? I can assure you, most of the money is in the pockets of those who said they collected it.”
The legal luminary asked the federal government to take a cue from what former president Olusegun Obasanjo did when Nigeria found itself in a serious problem that brought down the country’s indebtedness at that time, adding that, “Unless we do that, this indebtedness will cripple this country and it may lead to anything.
“I have seen people, especially in the North who are agitating because of the fact that the naira is getting worse, food prices are high, no employment, those who are employed are not paid. What is responsible for all these is the fact that there is no money and the naira has no value. Something has to be done about the naira and productivity.”
-
Politics7 days ago
Gov. Diri Totally Committed To Bayelsa’s Development, Growth, And Progress; George Turnah Tells Visiting Ogbia Ward 9 PDP Executives And Stakeholders
-
News6 days ago
There Is No Worker In Level 1 Step 1 Today In Nigeria, We Only Have Workers From Level 4 – Joe Ajaero
-
Niger Delta6 days ago
Ex-Niger Delta Militant Hails Tinubu’s Reforms, Seeks Intensified Security Of Oil Installations
-
Politics6 days ago
JUST-IN: Reinstated Edo State Deputy Governor, Philip Shaibu Kneels For Oshiomhole After Dumping PDP For APC
-
News4 days ago
NYSC Member Allegedly Impregnates 5 Secondary School Students in Sokoto
-
Sports6 days ago
Chelsea offered TWO elite strikers as Victor Osimhen ‘agrees’ transfer
-
Business4 days ago
UPDATE: How NNPC Spent N7.3Billion On Entertainment In 16 Months NNPCL GMD, Mele Kyari
-
News4 days ago
Police Sergeant Shoots Father Dead After Drinking To Stupor