The Federal Government said that it is borrow to invest in critical infrastructures like power, water, roads that will better the lives of Nigerians.
This is coming amidst 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.
She was joined at the briefing by the Minister of Information and Culture, Lai Mohammed, as well as some other top government officials from her ministry.
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.
The minister explained that the government only borrows to invest on infrastructure that will later yield proceeds for the country.