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Obasanjo: debt worse than leprosy as naira falls from $1.85 to ₦1,500

Former President Olusegun Obasanjo criticised President Bola Tinubu's view on borrowing, calling debt worse than leprosy because it destroys generations. Obasanjo questioned Nigeria's economic record, noting the naira was worth $1.85 when he set up his farm 47 years ago but now trades at about ₦1,500 to the dollar.

Pidgin: Former President Olusegun Obasanjo don criticise President Bola Tinubu position on borrowing, im talk say debt worse pass leprosy because e dey destroy generations. Obasanjo question Nigeria economic record, im recall say when e establish im farm 47 years ago, naira na ₦1 to $1.85 but now e dey trade around ₦1,500 to one dollar.

How this affects you: No direct impact stated in source.

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