Afe Babalola Volunteers to Help Nigeria Defray External Debt

By our Reporter

Nigeria’s Legal luminary, Aare Afe Babalola, has called on Federal Government to set up a committee for immediate repayment of a substantial part of the external debt owed by the country.

Pointedly, the legal icon made the call in Ado Ekiti while speaking with newsmen saying, the proposed committee will seek the assistance of billionaires, trillionaires and other patriotic Nigerians that would donate to offset the debt.

In his view, the suggestion is necessary to guide Nigeria from becoming bankrupt.

This us as he noted that the country’s external debt as of June 2022 had reached N42.84 trillion which he said was alarming.

Babalola stated that the Federal Government should also toe the path of former President Olusegun Obasanjo, by approaching the creditors either for total forgiveness of the debt or substantial reduction.

Chief Babalola also said that the committee should be comprised of people of impeccable character like Pastor Enoch Adeboye, former President Olusegun Obasanjo, and Bishop Mathew Kukah, promising that he would make his contribution to ensure that the debts are paid.

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Commenting on the forthcoming elections, Babalola noted that it would be difficult for Nigeria to produce good leaders with the 1999 Constitution, saying it should be immediately reviewed.

Matter of factly, the legal icon who is the founder of Afe Babalola University, Ado Ekiti explained that any election conducted with the present constitution would be a recycling of those who led the country to where it is today.

Chief Babalola further said that the country needed a constitution that would respect age, academic qualification, character, contributions to community development as well as family background of the candidates for the Presidency and National Assembly.

The legal luminary lamented the myriad of problems facing the country, saying there should be a proactive measure to end the menaces in the interest of Nigerians.


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