The Akwa Ibom State Governor Udom Emmanuel has disclosed that only unserious governments do not borrow money. Emmanuel made this known on Tuesday when he paid a courtesy visit to the Punch Place, the corporate headquarters of Punch Nigeria Limited in Magboro, Ogun State.When asked if it was true that his predecessor, Senator Godswill Akpabio, left an empty treasury, Emmanuel said, “What is the motive of holding money? You don’t just hold money to go and keep it in the treasury.





"Money is not supposed to be in the bank but to be used for something else. Any government that doesn’t owe is not serious because even America today is indebted to China to the tune of $1.3tn. If you pull out that amount of money from an economy do you think they will survive? They cannot. So, why are we shying away from owing? We should owe. As a state government I will not shy away from it but I will not collect money to go and do something that will not generate money. If developed nations are borrowing to progress, why wouldn’t I borrow? If you don’t owe, you cannot develop.”


http://dawntodusknews.com/serious-governments-must-borrow-money-owe-akwa-ibom-governor-udom-emmanuel/

and a more serious government must do everything it can to pay workers there wages

meanwhile

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He is making sense abi na common sense !

borrowing is not the problem!!! But accountability!! When you borrow huge funds for development, and funds get diverted for personal use, that is the problem. And when you borrow to pay salaries, that is absurd