Kaduna State Governor, Nasir El-Rufai has raised an alarm over Nigeria’s domestic debt was getting to its debt ceiling as far as liquidity was concerned.
The governor speaking at a virtual event organised by World Bank Nigeria, stated;
“You can’t fund security more than you are doing now unless you reduce spending on other ministries, departments and agencies.
“The extensive way in which the Central Bank is into everything, I think, has to be addressed and dealt with. And we must look at our domestic debt management and do something about it.
“It is getting out of control and we are getting to our debt ceiling as far as liquidity is concerned. And to pretend that our debt-to-GDP ratio is still low, I think is not the answer to the question.”
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