Admittedly, there is nothing prima facie wrong with borrowing, whether domestic or external. But we have always insisted on the judicious use of the funds borrowed. There is hardly any country in the world that does not borrow. What is of critical importance is the utilization of such loan. But an as upcoming economist, my opinion and argument remains that Nigeria government should borrow cautiously, and spend prudently. thank you all.
Posted on: Sun, 03 Nov 2013 07:19:01 +0000
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