Economy

Why FG can’t stop borrowing from other countries – Finance Minister Ahmed

Access Bank

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has revealed why the Federal Government will continue to borrow money from other countries.

During an interview with newsmen in Abuja on Monday, the Minister revealed the government was borrowing to invest in infrastructure in the country.

According to her, the Federal Government’s borrowing is sensible and responsible.

“I have said it several times that the problem we have in Nigeria is that of revenue.

“We are borrowing sensibly and this is because we want to invest in infrastructures like power, water, roads and rails which are investments that are required to enhance business productivity in the country today.

“These businesses will grow, they will not only pay taxes, they will also employ people.

“If we don’t do this, we will regress even from where we are today. Borrowing is a necessary investment and we are doing it responsibly,” she said.

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