Business Leaders Warn Against Borrowing To Fund Consumption

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As the federal government prepares 2022 budget, business leaders and economists have cautioned the federal government to ensure the disbursement of

He also emphasised that the government should pay more attention to manufacturing of local products and reduction of unemployment to drive increase in consumption to further boost the sector.

Also speaking, an economist, Dr Lukman Oyelami, said debt service revenue ratio was worrisome and the government should look into it and re-strategise to generate more revenue. Dr Ibrahim Ayuba, a faculty member of ACCI BEST Centre also urged the federal government to focus on the viability of non-oil sectors such as agriculture, mining and leathers, to have a structured market, improve value chains and increase exportation.

 

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