The government of President Buhari has suffered yet another hard knock, as Amina Mohammed, a former Minister now Deputy Secretary-General of United Nations, has accused President Buhari’s government of getting Nigeria back in debt which former co-ordinating Minister of the Economy, Ngozi Okonjo-Iweala got Nigeria out of.
Amina Mohammed who expressed her worries during an interactive session with the Managing Director of the International Monetary Fund (IMF), Christine Lagarde, on Tuesday September 11th, lamented over the rising level of debt in Nigeria and the rest of Africa. According to her, the level of debt in Nigeria is worrisome, but it is happening all over Africa.
Amina Mohammed added that we all need to have a better conversation about a growing economy, because stability is needed.
”Public resources are always going to be important, and so is ODA and the private sector. But I think we still haven’t yet got quite the solution and I hope that the work that we do together will open up that space to think more on how to leverage that. As I was coming up from New York, some of the concerns that came up from the meeting we had in China just recently and reports that we have; the debt issues are really big, I mean, having experienced what it was for Ngozi (Okonjo-Iweala) to get debt relief.
It took her a few years to convince people, and we are now back again in my country, with a level of debt that is worrying, but its happening all over. Africa, is that the way we want to go? I think we really need to sit down and have a better conversation about all the asks of a growing economy; that needs to be inclusive, it needs to succeed, because stability is needed more than ever today, across our countries and where we are working” she said.
— TheCable (@thecableng) September 12, 2018
Amina Mohammed was Minister of Environment under the Buhari-led administration, before moving to the UN in February last year.