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Politics Why We Can't Avoid Borrowing- Fashola, Zainab, Saraki -Nairaland

The ministers of Finance, Mrs. Zainab Ahmed; Works and Housing, Babatunde Fashola; Minister of State for Transport, Gbemisola Saraki as well as the Director-General, Debt Management Office (DMO), Patience Oniha, have justified borrowing by the federal government.

They argued that the government must borrow to meet the infrastructural needs of the people, stressing that such borrowing was inevitable.

They made the submission on Tuesday when they appearred before the House of Representatives Committee on Aids, Loans and Debt Management to defend the loan request of $22.718 billion presented to the Senate by President Muhammadu Buhari.


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