Kola Jamodu, the
former Minister of Commerce and Industry says there is nothing wrong
for Nigeria to borrow money to finance its infrastructure.
Mr Jamodu made the declaration when he spoke with the News Agency of Nigeria (NAN) in Abuja on Monday.
He was reacting to
comments by the Debt Management Office (DMO) that the country needed to
borrow money to enable it to finance its long-term infrastructure. “I
don’t think we can do it in good time without borrowing, provided that
the borrowing is tied to cash flow so that with future cash flow, we
can use it to pay the debt. I am sure within the Debt Management
Office, they will know” he said.
