Borrowing not Nigeria’s only option  – Economist

An economist, Prof Akpan Ekpo, has said that Nigeria does not person to support borrowing, noting that it is not the country’s lone option.

Prof Ekpo said this on Friday in an interrogation connected Arise Television, monitored by DAILY POST.

He said if Nigeria’s gross is growing, the state tin transmission it into ventures that heighten the lives of each citizen.

According to him, if the nation’s debts were sustainable, it would not request to get the mode it is, stressing that Nigeria’s existent borrowing is somewhat retired of place.

“Definitely, borrowing is not our lone option. In fact, we don’t person to borrow. There different options. For example, you mentioned the nationalist backstage partnership. And past the contented I raised was that, adjacent if you person to borrow, person you done capable survey to warrant that borrowing?

“The mode we are borrowing is not the mode we should go. There are different options. You person contractor finance, nationalist concern truthful connected and truthful forth.

“When you support borrowing, who volition pay? Out generations yet unborn. They won’t beryllium blessed with america erstwhile we hav...