Huge debts await Buhari, in-coming govs

AFTER the euphoria of their electoral victories, one of the
major challenges that will confront the President-elect,
Major-General Muhammadu Buhari (retd), and 20 or 21 new governors is the level of debt stock the out-going
administrations will leave behind.

According to the Debt Management Office, DMO, the Federal
Government has a stock of $6.445 billion in external debt
(N1.29 trillion at the rate of one dollar to N200)) and another N7. 9 trillion domestic debt totalling N9.19 trillion, as of. December 31, 2014. This is the equivalent of two years
budget.
The huge debt stock, if not properly managed, can hamper
the delivery of democracy dividends.

- See more at: http://www.vanguardngr.com/2015/04/huge-
debts-await-buhari-in-coming-govs/#sthash.ZKS5qcEP.dpuf

This one should not be an excuse why he shouldn't perform o

Baba, you must do something