The Minister of Finance, Mrs. Zainab Ahmed, has said the Federal Government is mindful of the nation’s rising debt burden which eats up about 25 per cent of its yearly earnings, adding however, that the borrowings were to deliver on the promises of the President Muhammadu Buhari administration.She spoke to the News Agency of Nigeria on the sidelines of the just concluded IMF/World Bank yearly meetings in Washington DC, United States.
“They are also cautioning us on the need to build fiscal buffers because the global economy is going to be facing some risks and we agree with that.“We are very mindful of the level of our borrowings. Ours is very much within fiscal limits right now.“What we are doing is to increase our revenue-generating capacity to make it easier for us to meet our debt obligations and our routine as well as capital expenditure.
See as I dey look her when she dey talk this nonsense.... wen buhari dey make promise dat time so na borrow him plan to borrow to fulfil him promise abi.....! Where all d money EFCC recover? renoomokri realFFK MBuhari
🤣 arrant nonsense!!!!!
Congratulations, keep borrowing
Promised to make Nigeria world headquarters of poverty
Please ask the minister the sector They're borrowing to invest in!
What a waste. You guys have been borrowing every year since 2015.
Did Buhari promise Nigerians borrowing during his campaign?
There is always justification for every action taken. Who will pay the debt?
Keeping it short and simple prevents encumbrances.