The Federal Government must take more loans if its plan to fund infrastructure is to be realised, according to the Senior Analyst at Agusto & Co, Mr Jimi Ogbobine.
Ogbobine said this on Sunday at a training for financial journalists during the Finance Correspondents Association of Nigeria 2018 annual workshop in Lagos, according to the News Agency of Nigeria.
He stated that the government was expected to deploy about N1.6tn to fund infrastructure this year.
Ogbobine said the bulk of financing for infrastructure would come from borrowing, with a larger share being domestic debts.
He also noted that funding the capital budget would require higher than planned borrowing with adverse implications for interest rates and interest costs for the economy.
He stated, “The Federal Government’s borrowing to fund infrastructure is likely to be between N1.2tn and N1.6tn. The implementation is…
Read More…..Punch Newspapers
