Why Nigeria Won’t Stop Borrowing – Finance Minister

Why Nigeria Won’t Stop Borrowing – Finance Minister
Nigeria's Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed
Share on whatsapp
WhatsApp
Share on facebook
Facebook
Share on twitter
Twitter
Share on telegram
Telegram
Share on linkedin
LinkedIn
Share on print
Print
Listen to article

Nigeria’s Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, has explained why the Federal Government will not end borrowing money from other countries anytime soon.

Speaking during an interview with newsmen in Abuja on Monday, the Minister revealed that the government was borrowing to invest in infrastructure in the country.

According to her the Federal Government’s borrowing is sensible and responsible contrary to public opinions.

‘I have said it several times that the problem we have in Nigeria is that of revenue.

Read Also: CBN: Calls For Sack Of Finance Minister, Zainab Ahmed Thickens

‘We are borrowing sensibly and this is because we want to invest in infrastructures like power, water, roads, and rails which are investments that are required to enhance business productivity in the country today.

‘These businesses will grow, they will not only pay taxes, but they will also employ people.

‘If we don’t do this, we will regress even from where we are today. Borrowing is a necessary investment and we are doing it responsibly,’ she said.

AFRICA DAILY NEWS, NEW YORK

Share on whatsapp
WhatsApp
Share on facebook
Facebook
Share on twitter
Twitter
Share on telegram
Telegram
Share on linkedin
LinkedIn
Share on print
Print