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People say we have over-borrowed, but we need more money

People say we have over-borrowed, but we need more money

Governor Abubakar Bagudu of Kebbi state has mentioned that states within the nation want extra money to spend money on infrastructural growth and carry thousands and thousands of poverty.

 

Speaking on the sidelines of the twenty seventh Nigerian Economic Summit (NES) in Abuja, Bagudu averred that regardless that individuals say we have over-borrowed as nation, nonetheless extra money is required to spend money on our capacities.

 

He additionally said that the limiting issue on the sub-national stage is sources. Bagudu mentioned; 

 

“I need to see the minister of finance, finances and nationwide planning on the world stage telling traders that Nigeria wants $1 trillion to help growth.

“People say we have now over-borrowed, however we want extra money, and we want the help urgently to spend money on our capacities.

“I need to see how the ministry of finance (the minister is right here) can go on the market and confuse individuals on find out how to mobilise rather more sources. For me, on the sub-national stage, the limiting issue is sources.

“When Nasir el-Rufai, governor of Kaduna state, attempted to borrow from the World Bank… it was very frustrating for him to borrow small amount needed for the state on a development plan. You have to go to the federal government, assembly, all that.”

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