One of Nigeria’s foremost policy groups, the Independent Media and Policy Initiative (IMPI) has justified the borrowings of the President Bola Tinubu administration on the ground that it is the most realistic way to bridge the country’s massive infrastructure gap. In a policy statement signed by its Chairman Dr Omoniyi Akinsiju, the think tank argued that Nigeria’s infrastructure challenges were too vast for the annual budget to cover without the federal government resorting to borrowing. This according to IMPI is because the country is estimated to require a minimum annual…
Read MoreIMPI BACKS TINUBU’S BORROWINGS, SAYS ‘NIGERIA NEEDS MINIMUM ANNUAL CAPITAL EXPENDITURE OF $14.2BN ON INFRASTRUCTURE FOR 10 YEARS’
