The Asset Management Corporation of Nigeria (AMCON) has called on all agencies of the Federal Government and all stakeholders to join its debt recovery drive as the company hopes to secure an outstanding 4.4 trillion naira.

AMCON in a statement issued yesterday noted that a failure to recover the debt would further worsen the nation’s economy.

According to the agency, the 4.4 trillion naira is bigger than the entire 2021 capital expenditure budget of the Federal Government, which stands at 3.85 trillion naira.

If recovered, the agency believes that the money can go a long way in reviving the iron and steel sectors, as well as improving electricity in the country.