The Majority Leader in the House of Representatives, Femi Gbajabiamila (APC-Lagos) said that Nigeria must go ahead with the plan to borrow 29.9 billion dollars for the country to come out of recession.

Gbajabiamila said this on Sunday in Abuja while giving the end of year report on the activities of the House of Representatives for 2016.

According to him the borrowing plan is specific and targeted at pulling the country out of recession and reflate the economy.

“It is what this government found on ground that informed the quantum and the nature of the borrowing they have to undertake.

“Now to get out of this recession and the sorry state we have found ourselves, I don’t think we can do it without borrowing.

“Borrowing is necessary, United States, England, Germany all borrow, it is an essential feature of democracy especially when you’re running a deficit budget.

Full story here www.concisenews.global/top-story/fg-must-borrow-rescue-nigeria-recession-gbajabiamila/

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