The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the total public debts of Nigeria would hit N38trn by December 2021.
The Minister stated this on Tuesday, in her presentation to the Senate Committee on Local and Foreign Debts.
She attributed reasons for numerous abandoned road projects across the country to poor funds releases occasioned by dwindling revenue.
She explained that the current Sukuk fund is N162bn for 45 roads cutting across the six geopolitical zones.
She also stated that she is of the opinion that federal projects be completed on geopolitical basis, as the selections are done as a collective process.
