The Buhari-led government will spend less than five months in power in that year before they hand over to the winner of the 2023 elections. And in many cases, the true state of the Nigerian economy will not be known until the government is gone.
Generally speaking, citizens do not like their governments to accrue debt. It doesn't matter which country that is, whether it is America, Japan, Germany, or Britain. The worry is even more when the people realise the government is utilising resources inefficiently and is less transparent with its spending.
First, suppose the expected future cash flows of the country are estimated to be equal to the current debt profile, taking interest rate into account. In that case, the country's projected income in the future is so high that it can afford not to pay off its debt immediately. As earlier stated, we cannot argue this situation for Nigeria because of the uncertainty of its revenue streams unless we include its ability to print money, which we will discuss later.
Debt is global,every nation collects dollar loans to survive ,we should focus on our expanding economy