Nigerian Minister of Finance, Zainab Ahmed, said the country’s borrowing under the Buhari’s-led administration is not unreasonable and it’s also not too high.
Ahmed made this affirmation while speaking at a media briefing at the State House Abuja on Thursday when she was responding to the criticism regarding high levels of borrowing by Buhari’s administration.
She further states that Nigeria as a country cannot make progress if it doesn’t borrow funds to build infrastructure and attend to national needs.
Zainab said, “the country will not only regress but be left behind if we fail to improve our business environment.”
“The level of borrowing is not unreasonable, and it is not high. If we say we will not borrow, it merely means that we won’t be building major infrastructure until our revenue rises enough, and we will regress as a country.
The finance minister further reiterates that they (The government) need to only apply the loan to major infrastructure.
“We will be left behind. We wouldn’t be able to improve our business environment, and our economy will not grow.
“We just need to make sure that when we borrow, we apply the borrowing to specific major infrastructure that would enhance the business environment in this country,” she said.
Zamfara school abduction: Forget your differences, demand Buhari’s resignation – Aisha Yesufu to Nigerians
Famous Nigerian activist Aisha Yesufu had called for a protest to Aso Rock to demand President Muhammadu Buhari's resignation.
Aisha made this announcement following the recent kidnap of about 300 schoolgirls from Zamfara Government Secondary School, Jangebe, by gunmen.
Commissioner of Security and Home Affairs of Zamafara, Alhaji Abubakar Dauran, confirming the abduction, told newsmen that the kidnappers came in their hundreds, stormed the town, and cart away with the students at about 2 a.m on Friday.
Aisha in her reaction to the unfortunate incident, says the government have empowered terrorist to continue kidnapping and has dumped its duty of protecting the lives and properties of Nigerians.
Taking to her Twitter handle, she wrote, “Terrorists have been emboldened to keep attacking and abducting....
Fans of Nollywood actress, Kate Henshaw have reacted to a video of her showing off a hot stepper dance step on social media.
In the video shared on her Instagram page, the mother of one was seen vibing and dancing to 24K magic by @brunomars and having a good time.
Sharing the video on her Instagram page, Kate Henshaw wrote;
"Just because it's Friyaaaay!!! Move💃💃💃"
Watch the video below;
Popular Dubai based Nigerian billionaire, Mompha has reacted to accusations and allegations that he is bisexual.
Kemi Filani recalls that a few hours ago, Nkechi Blessing mentioned during her online fight with Bobrisky that the crossdresser was fighting her because of a man.
This, however, made social media users speculate that the man could be Mompha because he is the only mutual male friend the two celebs have.
Although Bobrisky debunked the speculations that Mompha was the man in question, the man in question too has decided to react to the accusations.
Taking to his Instastory on Instagram, Mompha wrote;
"Na una papa be bisexual... Stupid people always fast to see someone downfall"...