Obi Demands Breakdown On Utilisation Of Borrowed Funds

The 2023 presidential candidate of the Labour Party, Peter Obi, has urged the Federal Government to do a detailed breakdown on the utilisation of borrowed funds.

Afinju FM
1 Min Read

Obi made the demand in a post on X  while decrying significant increase in government borrowing at the end of first Quarter  which he said reached a staggering N121.86 trillion.

He warned that if the current trend persists, the total amount borrowed could exceed N150 trillion by the end of the year.

The former Anambra State governor urged policy makers and stakeholders to exercise caution and prudence in managing national debt, ensuring that borrowed funds are utilised for productive purposes.

He said that by doing so we can promote sustainable economic growth, development, and prosperity for all Nigerians for generations to come.

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