There’s nothing bad in borrowing- Lai Mohammed
As Nigerians continue to express worry over the nation's increasing debt profile in China and other countries, the Minister of Information and Culture, Lai Mohammed, has said that there is nothing bad in borrowing, provided the funds are invested in infrastructure rather than services or consumption. According to a statement released by his media aide, Segun Adeyemi, the Minister said this on Saturday, August 15, while speaking with journalists after he and Rotimi Amaechi, minister of transportation, inspected the Lagos-Ibadan rail line. Mohammed said the government does not borrow money for overhead but for capital projects. “There is no better way to answer Nigerians as to what we have done with the money we have borrowed than this trip. On this trip, you have seen first hand the stations being constructed, the rail lines, and the people who are working on the projects. Rather than arguing with critics, we opted to allow you (journal...