Kingsley Moghalu, former member of African Democratic Congress (ADC), has said Nigeria is heading for an uncertain future as a result of its humongous debt, IgbereTV reports
Moghaluâs prediction was on the backdrop of the disheartening fiscal performance report recently released by the federal government.
In the report, Zainab Ahmed, Minister of Finance, Budget and National Planning, said the federal governmentâs total revenue in the first four months of 2022 was N1.63 trillion while debt service attracted N1.94 trillion.
She thus noted that the federal government must come up with urgent measures to address revenue underperformance and expenditure efficiency at national and sub-national levels.
This development has generated concerns from Nigerians who faulted the Buhari-led adminstration for poor economic policies and others
