Home News We’re borrowing sensibly and responsibly – Minister of Finance

We’re borrowing sensibly and responsibly – Minister of Finance

2

We’re borrowing sensibly and responsibly – Minister of Finance

 

Despite the criticisms trailing the nation’s increasing debt profile, the Federal Government on Monday says it is borrowing “sensibly and responsibly.”

The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a press conference in Abuja.

She was joined at the brieifing by the Minister of Information and Culture, Lai Mohammed; as well as some other top government officials from her ministry.

READ ALSO:   FG’s 774,000 jobs for LGAs a scam – TUC

Ahmed was answering a question on whether the government’s continued borrowing was not capable of impacting negatively on the economic growth recorded so far.

But the minister explained that the government only borrows to invest on infrastructure that will later yield proceeds for the country.

“We are borrowing sensibly and responsibly to invest on critical infrastructures.

READ ALSO:   Nigeria not a failed state and can’t go Afghanistan way – Lai Mohammed

“These investments will make returns in future,” the minister said.

Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here