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.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
Read full article
Continue on NaijaNews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Speaker Abbas Tajudeen Clarifies Stance on Nigeria's Borrowing, Emphasizes Responsible Debt Management
Speaker Abbas Warns Nigeria Over Debt Exceeding Limits
Speaker Abbas Raises Alarm on Africa's Debt Crisis at WAAPAC Conference
Speaker Abbas Raises Alarm Over Nigeria's Rising Debt Levels, Calls for Urgent Reforms
Reps Speaker Warns Against Reckless Borrowing as Nigeria's Debt Hits $97 Billion
Africa's Debt Crisis Addressed at WAAPAC Conference in Abuja
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
