Economic experts have urged the Federal Government to seek a debt moratorium to reduce the cost of funds expended on debt servicing.
They said this in separate interviews with the News Agency of Nigeria in Lagos on Tuesday.
The Head of the Department of Economics, Olabisi Onabanjo University, Prof. Sherifdeen Tella, said the Federal Government should demand a debt moratorium from our development partners.
“Asking for a moratorium is the best because it will enable the government to suspend payment for now and re-strategise.
“The government cannot continue to service its rising debt profile at the expense of meeting the competing needs of the people,” he said.
– NAN