According to Punchng.com, the Federal Government of Nigeria has amended its borrowing plan for infrastructural development, reviewing its proposed debt profile up from $7.9bn to $9.3bn between 2012 and 2014.
The government will source a total external loan of $9.3bn from this year to 2014 to develop infrastructure, particularly in the agricultural, housing, education, health and transport sectors.
Minister of Finance, Dr. Ngozi Okonjo-Iweala, said the increase constituted an amendment to the original $7.9bn proposed in the 2012-2014 Borrowing Plan the Federal Government earlier sent to the National Assembly.
Is Nigeria so poor now that we can’t do without borrowing to execute an infrastructural project with the millions of dollars gotten from oil wealth everyday !
Nigerians, what is your say on this ?

http://trends.com.ng/2012/11/nigerian-government-to-borrow-9-3bn-in-two-years-to-develop-infrastructure/