Blame Nigeria's high debt service on large expenditure, says finance minister

The Minister of Finance, Zainab Ahmed has blamed Nigeria’s high debt service to revenue ratio on the country’s large expenditure base.

She said this during an interview with Bloomberg TV on Friday, noting that a large proportion of Nigeria’s budget caters to payroll. She said, “Our debt service to overall revenue is high because we have a very large expenditure base. We have a large proportion of our budget dedicated to payroll, and Mr President had decided from the beginning of his administration that we were not going to disengage staff.

“So, you have to pay salaries, you have to pay pensions. And also, we have to fund the other arms of government, which are the judiciary and the legislature.”

U mean WASTEFUL expenditure?

And you still want to borrow more, which kind brain Aboki ppl get?

This is the guy that should have been called to resign alongside her boss, buhari. I don’t know why people direct attention to Emefiele instead of this his boss

This lady I spit on u, they ask u to stop parking up debts u said we are in a safe hands that you guys has ways of repaying. nw you wnt us to blame it on what? U tax us on every recharge and calls we make Whatever we buy including whn we send, pay in or tk our own money na waoo

When are you going to blame your incompetence and that of your principal as regards reckless piling of debts on unborn generations of Nigerians?

Yahya Bello the award winning Governor In Nigeria. EndSARS Kwara Nollywood Femco Falz Jamena Tonto Napoli Osimhen Mendy Zidane or Conte Mourinho Man U Oleout

See her absolving herself and her boss who is paying rent for ASO villa and allegedly paying terrorists. Then blaming workers for their borrowings.

This is what happens when you give the economy of a highly complex country like Nigeria to a bunch of cud chewing and barely literate individuals to manage

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