By Temi Joshua
Zainab Ahmed, the Minister of Finance has stated that the level of Nigeria’s borrowing is unreasonable.
According to her, Nigeria cannot make progress if it doesn’t borrow to fund the building of its infrastructure.
She disclosed this at a media briefing at the state house on Thursday February 25, while reacting to criticism regarding high levels of borrowing by Buhari’s administration.
”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”