Dear @MBuhari,
Between Jan & Apr 2022 alone, Nigeria spent >100% of its revenue on debt service, surpassing IMF's prediction for 2026.
This is amidst growing subsidy payments and a 13-month high inflation of 17.7% that has pushed many into poverty.
We are concerned.
Thread!
In our Consultation Memo released in Feb 2022, we highlighted several reform issues bordering on Nigeria’s public financial management that affect the very core of governance, separation of powers, expenditure efficiency, and the livelihoods of millions of Nigerians;
