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Economic gurus disagree as FG defends borrowings

Lai Mohammed who is the minister of information has said that the foreign loans which the federal government is taking is right, he justified it by saying that it would be spent on facilities, following his statement, economic experts like Pat Utomi disagreed with Lai Mohammed saying it was bad for the country, according to Pat Utomi, he wondered why the Government would be borrowing money towards the end of it's tenure and increase Nigeria's debt. 


Do recall that there have been many complaints by Nigerians against the continuous borrowings by president Muhammadu Buhari but Lai Mohammed defended him in a town hall meeting in Borno state by saying that the borrowings are used to enhance the country's infrastructure and not to pay salaries or for recurrent expenditure. He accused critics of been to quick to discriminate Buhari without seeing his reasons. He said they were taking the loans to build a world class infrastructure and they do have a lot to show for it.


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Buhari FG Lai Mohammed Nigerians Pat Utomi

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