United Nations Deputy Secretary General, Amina Mohammed has decried the rising level of Nigeria’s debt after President Olusegun Obasanjo’s administration got the nation of it through the erstwhile Minister of Finance, Ngozi Okonjo-Iweala.
Mohammed, who was the Minister of Environment under President Muhammadu Buhari before her present appointment, made this known at the International Monetary Fund and the UN Working Together Conversation on Tuesday.
According to her, the situation was not limited to Nigeria only as other African countries have also seen a worrisome increase in debt profile in recent times.
Mohammed said that the UN and IMF must have better conversations on the demands of a growing economy, seeking ways to make growth better and inclusive.
She said, “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.
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“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. It’s 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 tasks 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.”
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