FG Borrowing Sensibly To Fund Infrastructure – Finance Minister, Zainab Ahmed
Nigeria’s finance minister, Zainab Ahmed has expressed that the federal government is borrowing “sensibly” to cater to the country’s infrastructure needs.
Ahmed while addressing a press conference on the recent report by the National Bureau of Statistics (NBS) on the growth of the economy said that if Nigeria does not invest in infrastructure, “we will regret it”.
“We are borrowing sensibly and we are investing in rail and other infrastructure. If we do not do these investments, we will regret. [These] investments will return revenue in the future, she said
“The 2021 second quarter growth reflects better economic performance compared to the same quarter last year. The same quarter last year, we had a negative growth of -6.10 percent. It is also better than the first quarter of 2021.
“The service sector recorded a strong performance, growing by 9.27 percent this reporting quarter, representing the fastest growth in this sector since 2010.
“The second quarter growth of 2021 would have been much stronger than the 5.01 percent but for agriculture that recorded a slightly lower growth.
“A number of bottlenecks within the system including insecurity which has negatively affected the sector negatively. Also, the industrial sector slowed down to -1.3 percent.”
“The non-oil sector recorded a growth of 7 percent which represents the fastest growth since the third quarter of 2014,” she said.
hmmmmmmmm…..
Just borrow with sense without embezzle the money meant for infrastructure
Don’t just plunge this country into debt in which we won’t be able to pay back
We don’t ask you not to borrow money but you need to make use of the money judiciously and use it for what it meant for
May the Lord continue to guide us to the right path and lead us through