When asked in an interview how President Bola Ahmed Tinubu would handle the country’s fragile economy, which has over N70 trillion in debt, he responded that it shouldn’t be a problem because the debt to GDP ratio is less than 30% to 31%, giving the president room to borrow more money.
He then offered a plan that will enable the president to repay the debt in 90 days by contacting five or six Exim banks, borrowing money that is roughly five times what the nation is currently owing, and using the surplus to pay off the debt. From there, a repayment plan lasting 40 years and a 10-year honorarium period can be created.
By doing this, Nigeria will be able to pay off its debt and develop a debt-free economy over the next 40 years. After that, work out a 30% discount with the creditors because they will be paid soon, which they will be.
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