{"id":32971,"date":"2020-11-30T18:26:03","date_gmt":"2020-11-30T18:26:03","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=32971"},"modified":"2020-11-30T18:26:03","modified_gmt":"2020-11-30T18:26:03","slug":"economy-we-cannot-borrow-our-way-out-of-our-situation-obi","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi","title":{"rendered":"ECONOMY: We cannot borrow our way out of our situation \u2014Obi"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.com\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.com\/nigeria\">Nigeria<\/a>. <\/strong><\/span>Former Anambra State Governor, Peter Obi, has advised the President Muhammadu Buhari-led administration to reduce its borrowing as Nigeria cannot afford to borrow its way out of its current economic situation.<\/p>\n<p>Obi, a former Vice Presidential candidate of the Peoples Democratic Party (PDP), in the 2019 general elections, who wrote on his official Twitter Handle, @PeterObi, on Monday, November 30, challenged Buhari by saying his administrations\u2019 huge borrowings for consumption is uncalled for and very unnecessary.<\/p>\n<p>Obi added that Nigeria\u2019s biggest challenge at the moment is that the \u201cgovernment keeps borrowing money on consumption and not on productivity,\u201d noting that the country \u201ccannot borrow its way out of the current situation as it stands now.\u201d<\/p>\n<p>\u201cWe cannot borrow our way out of our situation. Our biggest challenge is that we\u2019ve been borrowing for consumption and not for productivity,\u201d Obi tweeted.<\/p>\n<p>Opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Former Anambra State Governor, Peter Obi, has advised the President Muhammadu Buhari-led administration to reduce its borrowing as Nigeria cannot afford to borrow its way out of its current economic situation. Obi, a former Vice Presidential candidate of the Peoples Democratic Party (PDP), in the 2019 general elections, who wrote on his [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":32970,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,254,1687,222],"class_list":["post-32971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-nigeria","tag-nigerias-economy","tag-peter-obi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ECONOMY: We cannot borrow our way out of our situation \u2014Obi - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECONOMY: We cannot borrow our way out of our situation \u2014Obi\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Nigeria. Former Anambra State Governor, Peter Obi, has advised the President Muhammadu Buhari-led administration to reduce its borrowing as Nigeria cannot afford to borrow its way out of its current economic situation. Obi, a former Vice Presidential candidate of the Peoples Democratic Party (PDP), in the 2019 general elections, who wrote on his [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-30T18:26:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/11\/img-5fc51bdcc49b9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ECONOMY: We cannot borrow our way out of our situation \u2014Obi\",\"datePublished\":\"2020-11-30T18:26:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi\"},\"wordCount\":155,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/11\/img-5fc51bdcc49b9.jpg\",\"keywords\":[\"Africa Press\",\"Nigeria\",\"Nigeria's economy\",\"Peter Obi\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/economy-we-cannot-borrow-our-way-out-of-our-situation-obi\",\"name\":\"ECONOMY: We cannot borrow our way out of our situation \u2014Obi - 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