The Tumultuous Economic Launch And The Next Government

The list of obligations Buhari is anticipated to transfer appears never-ending. The government owes road contractors alone almost N11 trillion, according to Babatunde Fashola, the minister of works and housing. This sum includes N10.4 trillion in commitments to highway contractors as well as N765 billion in outstanding certificates for completed works.

Additionally, there are outstanding financial obligations to non-lending bi-lateral and multilateral institutions, as well as disputes over and unpaid salaries of Academic Staff Union of Universities (ASUU) members and various unfulfilled commitments to members of the Nigerian Union of Teachers (NUT), among other things. Economist Prof. Godwin Owoh said that these obligations are just as bad as debt.