Despite the criticisms trailing the nation’s increasing debt profile, the Federal Government on Monday says it is borrowing “sensibly and responsibly.”
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a press conference in Abuja.
She was joined at the brieifing by the Minister of Information and Culture, Lai Mohammed; as well as some other top government officials from her ministry.
Ahmed was answering a question on whether the government’s continued borrowing was not capable of impacting negatively on the economic growth recorded so far.
But the minister explained that the government only borrows to invest on infrastructure that will later yield proceeds for the country.
“We are borrowing sensibly and responsibly to invest on critical infrastructures.
“These investments will make returns in future,” the minister said.
