We Can Take More Loans, Nigeria Not Borrowing Like Egypt, South Africa, Others – Presidency
We Can Take More Loans, Nigeria Not Borrowing Like Egypt, South Africa, Others – Presidency The Presidency, on Tuesday, defended Nigeria’s borrowing profile, insisting that the country has not accumulated debt at the level of nations such as Egypt, South Africa and Senegal. Presidential spokesman, Bayo Onanuga, stated this in a post on X while reacting to concerns over Nigeria’s rising debt profile under the administration of President Bola Tinubu. According to Onanuga, Nigeria remains creditworthy and can still obtain more loans to finance infrastructure projects across the country. “Nigeria has not over borrowed compared to countries like Egypt, South…
