“This Does Not Qualify As Borrowing, It Qualifies As Investment” — Finance Minister Oyedele Defends FG’s $21.7bn External Loan Plan
The Federal Government on Wednesday defended its $21.7bn supplementary external borrowing plan submitted to the National Assembly, describing it as a strategic investment programme rather than mere debt accumulation. It also disclosed that the previous administration had printed over ₦30tn, equivalent to more than $20bn at the time, adding that Nigeria was still experiencing the […]
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