 Formal president Olushego Obasanjo has expressed worry over the way states and the federal governments are accumulating debt as well as the low-foring direct investments into the country. Obasanjo spoke in Abeokuta Ogun State where he hosted some members of the National Working Committee of the People's Democratic Party led by his chairman, Pris Uche Secundus at the Olushego Obasanjo Presidential Library. At the meeting, Obasanjo was said to have expressed worry about the way the country had been accumulating debt by borrowing money all over the world. While in office, the former president visited the country's creditors and was able to get debt forgiveness for the country statistics obtained from the DMO showed that Nigeria's total debt as of June 30, 2015 stood at 12.12 trillion Naira. However, as of December 2020, the country's debt portfolio has risen to 32.92 trillion Naira. This shows that within a period of 66 months, five and a half years, the country's debt has risen by 20.8 trillion Naira. It also means that within the period, the country's debt portfolio rose by 171.62%.