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Afe Babalola suggests Nigerian Billionaires help pay off external debt

According to him, the suggestion is necessary to guide Nigeria from becoming bankrupt.

Afe Babalola

Legal luminary, Aare Afe Babalola, has called on Federal Government to set up a committee for immediate payment of a substantial part of the external debt owed by the country.

Afe suggests Nigerian Billionaires' donate to settle the country's debt: Afe, who made the call in Ado Ekiti while speaking with newsmen said the proposed committee will seek the assistance of billionaires, trillionaires and other patriotic Nigerians that would donate to offset the debt.

Who should be in this committee: Aare Babalola said that the committee should be comprised of people of impeccable character like Pastor Enoch Adeboye, former President Olusegun Obasanjo, and Bishop Mathew Kukah, promising that he would make his contribution to ensure that the debts are paid.

According to him, the suggestion is necessary to guide Nigeria from becoming bankrupt.

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How much Nigeria owes currently: He noted that the country’s external debt as of June 2022 had reached N42.84 trillion which he said was alarming.

Afe throws advice to Buhari's administration: He said that the Federal Government should also toe the path of former President Olusegun Obasanjo, by approaching the creditors either for total forgiveness of the debt or substantial reduction.

Afe speaks on 2023 general elections: On the forthcoming elections, Aare Babalola noted that it would be difficult for Nigeria to produce good leaders with the 1999 Constitution, saying it should be reviewed.

The legal icon who is the founder of Afe Babalola University, Ado (ABUAD) explained that any election conducted with the present constitution would be a recycling of those who led the country to where it is today.

The Aare said that the country needed a constitution that would respect age, academic qualification, character, contributions to community development as well as family background of the candidates for the Presidency and National Assembly.

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He lamented over the myriad of problems facing the saying there should be a proactive measure to end the menaces in the interest of Nigerians.

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