Nigeria level of borrowing not unreasonable - Finance Minister

  The Minister of Finance, Zainab Ahmed, has said that the level of borrowing being made by the Buhari- led administration is not unreasonab...

 

The Minister of Finance, Zainab Ahmed, has said that the level of borrowing being made by the Buhari- led administration is not unreasonable and is equally not high.

Speaking at a media briefing at the State House Abuja on Thursday while reacting to criticism regarding high levels of borrowing by the Buhari-led administration, Ahmed said that Nigeria cannot make progress if it doesn’t borrow to fund the building of its infrastructure.

According to her, “the country will not only regress but be left behind if we fail to improve our business environment.”

“The level of borrowing is not unreasonable and it is not high. If we say we will not borrow it simply means that we won’t be building major infrastructure until our revenue rises enough and 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,” she said.

COMMENTS

Name

BBNaija,2116,Business,2724,CampusGist,1035,Celeb,4898,celebrities,240,Comedy,8,CONFESSION,11,Education,2379,Entertainment,5754,Fashion,367,Featured,626,Gist,2037,Health,716,Job,3,Lifestyle,873,Music,153,MY STORY,37,News,80959,Opinion,793,Poem,10,Politics,13190,Relationship,210,Sponsored Contents,31,Sports,16621,Style & Travel,47,Success Stories,265,Technology,342,Video,114,
ltr
item
Saga Gist - Top Source for Nigeria News: Nigeria level of borrowing not unreasonable - Finance Minister
Nigeria level of borrowing not unreasonable - Finance Minister
https://dailypost.ng/wp-content/uploads/2019/12/Zainab-Ahmed.jpg.webp
Saga Gist - Top Source for Nigeria News
http://www.sagagist.com.ng/2021/02/nigerias-level-of-borrowing-not.html
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/2021/02/nigerias-level-of-borrowing-not.html
true
3363430711841052055
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content