According to professionals, every Nigerian citizen is a debtor as the country is yet to clear her debts. The country led by the APC political party have been heavily criticized both in the first and the current second tenure.
The President Muhammadu Buhari's administration came in a time when their is inflation, severe recession, hardship and sufferings.
(Photo credit; Google)
Couple with the Coronavirus pandemic era, the continues attack by unknown gunmen, Boko Haram and other terrorist group in Nigeria, the country needs divine intervention.
No wonder the governor of Rivers State, his excellency barrister Ezenwo Nyesom Wike, in his speech marking the 61st Independence Anniversary of Nigeria on 1st October 2021, said "the situation of insecurity in Nigeria has gotten to the point every Nigerian would say God I commit by life and well-being in your hands as the country and her leaders have failed to carry out the duties and responsibilities of protecting lives and properties of the citizens."
(Photo credit; Businessday.ng)
Apart from the insecurity issue being faced in the country, Nigeria's economy is getting bad each day. The citizens complain of no good job as they still have to pay bills to survive in the country with the harsh life conditions.
It is no longer new that Nigeria is in serious debt. The president Muhammadu Buhari's led administration, have been borrowing money in order to continue with the country's well-being.
(Photo credit; Leadership News)
According to Leadership News, "with the present level of Nigeria's external debt, every Nigerian citizen in the country is currently indebted to the tune of $157 which when converted to naira, gives a total sum of N64, 684." This is the exact money every Nigerian citizen is owing, following the debt of the country which was signed by President Muhammadu Buhari.
(Photo credit; Leadership News)
The said money is twice the amount of the money paid as the minimum wage in the country which is N30,000.
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