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The Burden Of Debt Jonathan Left Behind

The Burden Of Debt Jonathan Left Behind

Obasanjo & Yaradua left huge sums of money as national reserve for Nigeria. Jonathan (who is Nigeria’s greatest mistake) mistakenly became president on may 2010 and by may 2015,

it was discovered that Jonathan has accrued a debt of 60 billion u.s dollars for Nigeria $1 = N228 60 billion dollars × 228 = 13.7 trillion naira (interest excluded) If Nigeria pays back 5 billion naira every month 13.7 trillion naira divided by 5 billion naira = 2740 months 1 year = 12 months 2740 months = 228 years In other words,

it will take Nigeria at least 228 years to repay the debt Jonathan owed (interest excluded) This clearly means that our children, grandchildren, great grandchildren and great great grandchildren will still pay what Jonathan owed.




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