The Federal Government on Monday says it is borrowing “sensibly and responsibly.”
This is coming despite the criticisms trailing the nation’s increasing debt profile.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a press conference in Abuja.
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.
