
Stop Borrowing For Consumption, Peter Obi Warns FG, States
The presidential candidate of the Labour Party, Mr. Peter Obi, has sent a warning to the President Muhammadu Buhari-led Federal Government as well as states against further borrowing for consumption submitting that the country is running into crisis.
Obi handed down the words of warning in a series of tweets on his verified twitter handle @PeterObi, on Wednesday.
He said: ‘As a matter of urgency, Nigeria must stop borrowing for consumption, but only borrow to invest in regenerative development projects and other productive ventures.
‘It’s ironical that states that received fiscal bailouts did not repay the loans and are …















