Afe Babalola, legal Luminary and Founder of Afe Babalola University expressed worry over Nigeria’s level of indebtedness. Nigeria’s indebtedness has gotten into an embarrassing height, which will repel any reasonable foreign investors. In a chat with Journalists at Afe Babalola University, Ado Ekiti, after a lecture on Smart Infrastructure for better global development, the Legal Luminary expressed that basic amenities must be available for Nigeria to attain status.
Smart infrastructure depends upon the availability of necessary infrastructure itself. How can you talk about smart infrastructure where there is no electricity? The first thing I’m urging the Press men is to recall my earlier statements. We are the worst debtor in the world today. We own Trillions of Dollars. We keep borrowing more.
Afe Babalola
We learnt the incoming President has gone looking for those coming to invest in Nigeria. The best thing I expect the incoming President to do is to learn from Obasanjo. Obasanjo spent his 2 to 3 years going around the world to plead for the forgiveness of our debt. Nobody is coming to invest here when we cannot pay interest for money due on the huge debt we owe.
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