*Blames national assembly for country’s rising debt woes
*Says reckless borrowing responsible for Nigeria’s policy challenges
*Plans orientation exercise for 10th National Assembly
Civil Society Organizations, (CSOs) have raised concern over Nigeria’s rising debt profile describing it a ‘debt trap’ already worsening the country’s crisis ridden economy and costing the nation its foreign assets.
The CSOs consisting the Civil Society Legislative Advocacy Center, (CISLAC) and Christian Aid in partnership with Transparency International, TI), noted that Nigeria is presently in a debt crisis with a fiscal deficit well above the statutory threshold of 3 percent , an increasingly unsustainable debt profile and a rising debt servicing that has been worsened by rising interest rates among others.
Speaking at a media briefing yesterday in Abuja, Executive Director, CISLAC, Auwal Musa-Rafsanjani,…
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