$21.7bn external borrowing plan is investment, not debt – Oyedele

Taiwo OyedeleThe Federal Government has put a strong defence to its proposed $21.7 billion external borrowing plan, describing it as a long-term investment in infrastructure, human capital and economic growth rather than an additional debt burden.The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made the clarification while briefing State House correspondents at the end of the Federal Executive Council, FEC meeting, presided over by President Bola Tinubu at the Council Chamber, presidential villa, Abuja.