Our past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges - Peter Obi

Presidential hopeful, Peter Obi, has said that the past and continued mismanagement of borrowed funds for consumption are major contributors to the monumental economic challenges Nigeria is facing.

 

In a thread posted on his Twitter handle this morning, Obi who was one-time Governor of Anambra State, said Nigeria now uses 90 percent of its revenue to service loans because the ones borrowed in the past were mismanaged.

 

See his tweets below

 

Our past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges - Peter ObiOur past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges - Peter Obi