According to The Punch, in Moghalu’s words: “This government will go down in history as a government that has embarked on profligate and irresponsible borrowing to an extent that has never happened in the history of this country. And the sad thing is that these loans are not productive”.

“I feel that there is an element of callousness in this direction of economic policy because I feel there is a sense that 2023 will come we will walk away from it and somebody else will handle it. That is what I perceive because despite all the criticisms from the business community, from economists all over the country, and from citizens, they just continue to borrow.

“So, there is no responsiveness to the cries of Nigerians that they are mortgaging our future. There is no solution therefore that is not a political solution in 2023. Politics as usual is a no-go area for Nigeria in 2023. Otherwise, this country will literarily collapse into an Afghanistan-like situation if in 2023 we do not elect a government led by a President that is economically competent and sound to begin to turn around our economy. That must be our number one priority”.

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