The transition committee inaugurated by President Muhammadu Buhari has revealed that the immediate past administration of former President Goodluck Jonathan left behind a N7 trillion liability.

The chairman of the committee Ahmed Joda, who made the disclosure, said that figure contradicts claims by officials of the administration that the country’s debt profile stood at N1.3 trillion.

Vice President Yemi Osinbajo, had earlier revealed before the inauguration day that the new government of Muhammadu Buahri would be inheriting a debt of $63 billion.

However, the former Minister of Finance, Ngozi Okonjo-Iweala, promptly debunked the claims, saying of the $63 billion debt, the administration only incurred $21.8 billion.

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