• Home
  • Featured
  • Finance Minister, Zainab Ahmed encourages borrowing for Nigeria’s Growth
Featured News

Finance Minister, Zainab Ahmed encourages borrowing for Nigeria’s Growth

 Minister of Finance, Zainab Ahmed, has said that Nigeria cannot make progress if it doesn’t borrow to fund the building of its infrastructure.

Ahmed at a media briefing at the state house Abuja on Thursday February 25th said this while reacting to criticism regarding high levels of borrowing by this administration.

In her words:

”The level of borrowing is not unreasonable. It is not high. If we say we will not borrow and therefore we will not build rails and major infrastructure until our revenue rises enough, we will regress as a country. We will be left behind. We wouldn’t be able to improve our business environment and our economy will not grow.

We just need to make sure that when we borrow, we apply the borrowing to specific major infrastructure that would enhance the business environment in this country”.

The total borrowing of Nigeria as of December 31, 2020 is nearly 25% of the GDP.

Related posts

President Tinubu suspends EFCC boss, Abdulrasheed Bawa


I would have moved my mother out of Bayela if Diri had lost the governorship election – Jonathan


Reps move to stop sports betting in Nigeria


Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More