Speaker Abbas Clarifies Stance on Responsible Borrowing

Speaker Abbas refuted claims of speaking against borrowing by the Federal Government, clarifying that responsible borrowing is essential for national growth. Abbas, during the 11th Annual Conference of the West Africa Association of Public Accounts Committees, emphasized the importance of proper debt management and oversight.

He cautioned against exceeding the statutory debt ceiling to maintain fiscal sustainability. The Speaker's aide later clarified that Abbas never condemned public borrowing but advocated for transparency and accountability in debt management to drive economic development.