“Watch how you borrow” – Okonjo-Iweala advises Governors
- Admin
- Nov 11, 2012
- 1 min read
Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Friday cautioned State Governors against excessive borrowing.
She stated this in Enugu while delivering a lecture titled: “Managing Public Finance for Agricultural and Industrial Growth” at the 2012 South-East Economic Summit.
She also revealed that the World Bank had provided a credit of 450 million dollars to tackle the problem of erosion in South-East states.
The minister noted that to ensure a vibrant economic growth of the country, the country’s leaders must stop raising funds incessantly.
Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Friday cautioned State Governors against excessive borrowing.
She stated this in Enugu while delivering a lecture titled: “Managing Public Finance for Agricultural and Industrial Growth” at the 2012 South-East Economic Summit.
She also revealed that the World Bank had provided a credit of 450 million dollars to tackle the problem of erosion in South-East states.
The minister noted that to ensure a vibrant economic growth of the country, the country’s leaders must stop raising funds incessantly.
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