{"id":37911,"date":"2021-02-26T19:53:44","date_gmt":"2021-02-26T19:53:44","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=37911"},"modified":"2021-02-26T17:46:58","modified_gmt":"2021-02-26T17:46:58","slug":"nigerias-level-of-borrowing-not-unreasonable-finance-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-level-of-borrowing-not-unreasonable-finance-minister","title":{"rendered":"Nigeria\u2019s level of borrowing not unreasonable \u2013 Finance Minister"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>The Minister of Finance, Zainab Ahmed, has said that the level of borrowing being made by the Buhari- led administration is not unreasonable and is equally not high.<\/p>\n

Speaking at a media briefing at the State House Abuja on Thursday while reacting to criticism regarding high levels of borrowing by the Buhari-led administration, Ahmed said that Nigeria cannot make progress if it doesn\u2019t borrow to fund the building of its infrastructure.<\/p>\n

According to her, \u201cthe country will not only regress but be left behind if we fail to improve our business environment.\u201d<\/p>\n

\u201cThe level of borrowing is not unreasonable and it is not high. If we say we will not borrow it simply means that we won\u2019t be building major infrastructure until our revenue rises enough and we will regress as a country.<\/p>\n

\u201cWe will be left behind. We wouldn\u2019t be able to improve our business environment and our economy will not grow.<\/p>\n

\u201cWe just need to make sure that when we borrow, we apply the borrowing to specific major infrastructure that would enhance the business environment in this country,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Minister of Finance, Zainab Ahmed, has said that the level of borrowing being made by the Buhari- led administration is not unreasonable and is equally not high. Speaking at a media briefing at the State House Abuja on Thursday while reacting to criticism regarding high levels of borrowing by the Buhari-led […]<\/p>\n","protected":false},"author":84,"featured_media":37910,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,3167,254,1017],"class_list":["post-37911","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-africa-press-nigeria-2","tag-finance-minister","tag-nigeria","tag-zainab-ahmed"],"yoast_head":"\nNigeria\u2019s level of borrowing not unreasonable \u2013 Finance Minister - Nigeria<\/title>\n<meta name=\"description\" content=\"The Minister of Finance, Zainab Ahmed, has said that the level of borrowing being made by the Buhari- led administration ...\" \/>\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\/nigerias-level-of-borrowing-not-unreasonable-finance-minister\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s level of borrowing not unreasonable \u2013 Finance Minister\" \/>\n<meta property=\"og:description\" content=\"The Minister of Finance, Zainab Ahmed, has said that the level of borrowing being made by the Buhari- led administration ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-level-of-borrowing-not-unreasonable-finance-minister\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-26T19:53:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/02\/img-603933e884b7c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"736\" \/>\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\/nigerias-level-of-borrowing-not-unreasonable-finance-minister#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-level-of-borrowing-not-unreasonable-finance-minister\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s level of borrowing not unreasonable \u2013 Finance Minister\",\"datePublished\":\"2021-02-26T19:53:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-level-of-borrowing-not-unreasonable-finance-minister\"},\"wordCount\":197,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-level-of-borrowing-not-unreasonable-finance-minister#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/02\/img-603933e884b7c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Finance Minister\",\"Nigeria\",\"Zainab Ahmed\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-level-of-borrowing-not-unreasonable-finance-minister#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-level-of-borrowing-not-unreasonable-finance-minister\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-level-of-borrowing-not-unreasonable-finance-minister\",\"name\":\"Nigeria\u2019s level of borrowing not unreasonable \u2013 Finance Minister - 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