Nigerian businessman and presidential hopeful Mr Peter Obi has in a series of tweets detailed what he described as “major contributors” to Nigeria’s economic woes.
The 60-year-old businessman who was once a two-term governor of Anambra said in one of his tweets that the continued mismanagement of borrowed funds and “borrowing for consumption” are major contributors to Nigeria’s economic challenges.
According to Mr Obi, Nigeria is currently spending 90% of its revenue servicing debts because borrowed funds were mismanaged and not properly invested.
