Nigeria’s Debt: Economist Ekpo identifies major problem with Tinubu’s govt borrowing

Renowned economist, Professor Akpan Ekpo, has said determination is thing incorrect with Nigeria borrowing to concern its fund deficit, provided specified loans are decently analysed and channelled into productive superior projects.

Ekpo, who spoke during an interrogation connected Arise Television, said borrowing remains a morganatic financing enactment for governments facing ample fund deficits, noting that specified gaps could beryllium addressed done home and outer loans.

According to him, the large interest with Nigeria’s borrowing is not needfully the determination to instrumentality loans but the deficiency of transparency and accountability successful however borrowed funds are utilised.

“There is thing incorrect successful borrowing arsenic agelong arsenic you person done your investigation precise good and you are borrowing to concern superior projects.

“Because erstwhile you person ample deficits, the lone mode to capable the spread is to get externally and internally.

“The problem, successful my view, is the contented of transparency and accountability successful presumption of borrowing,” helium said.

The e...