Debt: NLC Urges FG To Borrow With Caution - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
April 15, 2019
The Nigeria Labour Congress,NLC has urged theFederal Government
to be cautious on the issue of borrowing both withinand outside the
country.
NLC General Secretary, Peter Ozo-Eson, said this inan interview in
Abuja.
Ozo-Eson explained that the Federal Government hascontinued to
borrow to finance infrastructure.
He said that Nigeria must be creative to ensure thatthe loans are
sustainable.
In April 2006, Nigeria became the first Africancountry to fully pay off
its debt owed to the Paris Club.
The Paris Club is a group of officials from majorcreditor countries
whose role is to find co-ordinated and sustainablesolutions to the
payment difficulties experienced by debtorcountries.
.