N720b loan plan: FG insensitive, borrowing to finance selfish agenda - Expert

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Despite grappling to pay the existing N41.60 trillion debt, the Debt Management Office (DMO) has released the Federal Government of Nigeria (FGN) Bonds

Issuance Calendar for the fourth quarter of 2022, which contains a N720 billion borrowing plan for the period.

He noted that there is little or no equivalent infrastructural development on ground to show for the loans Nigeria has been borrowing. He noted that “borrowing for infrastructural development is not bad but over the years nothing has been achieved with the funds borrowed. Rather the government is borrowing to finance the internal/personal pocket of some people.”

Recall that a month ago, the Director General, DMO, Mrs. Patience Oniha revealed that Nigeria’s total debt profile as at March, 2022 stood at N41.60 trillion.

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They always have a borrowing plan. Is there any other plan?

Nigeria is swimming 🥽 in the occasion of BIGGER DEBTS, why borrowing money 💸💰💰💸🤑🤑 again for GOD sake? The generation coming has no futures again in this country.

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