Federal Government Can Borrow Till Eternity — APC Chairman Adamu

The National Chairman of the All Progressives Congress, Senator Abdullahi Adamu, has said that the Federal Government can borrow till eternity.

The National Chairman of the APC said this late on Monday in an interview he granted Daily Trust Television.

Adamu said:  “I remember a programme we had here, I told you and I thought you believed me that I have no quarrel with government borrowing.

“Government can borrow from now to eternity.

“The American government borrows.

“The Canadian government borrows.

“The United Kingdom borrows.

“France borrows money from the World Bank and such other institutions.

“Nigeria is no exception.

“What I quarrel with is if the money is not used for a purpose and the infrastructure we are developing across the country is from this source.

“You also have to appreciate the fact of the level of revenue accruing to the government, oil is the main thing.

“We want to see how best we can diversify.

“These issues affecting the revenue accruing to the government are not our making.  

“No matter how good we are, they happen.

“When some countries sneeze, we catch a cold.

“The Ukrainian crisis with Russia is having an impact on our economy and even in bigger economies than our own.

“So why do we limit ourselves in our thinking?”