Accountant General Okays Servicing Of Debt With 70% Of Income
The Accountant General of the Federation (AGF), Ahmed Idris, has allayed the fear that servicing the country’s debt with 70 per cent of the national income will not destabilise the economy.
Ahmed, who spoke on Monday in Kano during a visit to the Emir of Kano, Muhammad Sanusi II, insisted that debt servicing will not cause the nation any problem, pointing out that the Federal Government has initiated some strategies to cushion the effect of the debt profile.
He said: “We are doing our best to meet our obligations, even though debt services are obligations and we meet them as at when due. We do not have any problem in settling our debts.
“It is always a burden paying debt and anyone paying debt would know that he is just meeting a burden which has to be made in line with the agreements, some local and international debts, but we just have to abide by all our agreements and obligations.”