![President Bola Tinubu during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India [PHOTO CREDIT: @NTANewsNow]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2023/09/F5WKFrlWwAAnvbo.jpeg?ssl=1)
Nigeria has played a good hand at the G20 summit in India. The country went fishing for investments, partnerships, and not for loans. This is a diametrical shift from the status quo. As it is today, it is much more prudent and decent to go fishing for opportunities for the country than to go borrowing.
There seems to be a transitioning. A metamorphosis from the quotidian loan-driven articulations to investment-tailored pursuits and commitments. Nigeria has, over successive administrations, hypostasised borrowing in its bucket of foreign economic interests. These borrowings have over time put a cosmic strain on government revenue. Nigeria’s external debt stands at over N49.85 trillion, and with about 73 per cent of its earnings used for debt servicing.
In June, the Debt Management Office (DMO) described Nigeria’s debt service-to-revenue…
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