Olu Falae: Borrowing not bad; but what for, from who, on what terms?

  Chief Olu Falae has said that there was nothing wrong with a government borrowing, but that the right answers must be provided for “for what purpose?” “from who?” and “what are the terms?”. The banker, administrator and politician raised the questions in an interview with Vanguard, while commenting on the debt profile of the Federal Government. He noted that Nigeria got into same foreign debt trap during Shagari’s era, when the government started issuing import licences far in excess of foreign earnings. Olu Falae said: “One is not condemning borrowing. But what are you borrowing for? From whom are

By |October 9th, 2021|Categories: News|Tags: , , |0 Comments
Go to Top