Many countries have built robust economies with borrowed funds, we can do same if we enthrone visionary leaders – Peter Obi

Former Anambra State Governor, Peter Obi has lamented the mismanagement of borrowed funds. Obi in a series of tweets via his Twitter handle noted that borrowing for consumption is the major contributor to the economic challenges facing the country.

He however noted that though borrowing is not wrong, many countries have built robust economies with borrowed funds but Nigeria can only do same when the seat of leadership is handled by visionary and committed individuals.

In his words;

“Our past and continued mismanagement of borrowed funds and borrowing for consumption are the major contributors to the monumental economic challenges confronting Nigeria today.

“There is nothing wrong with borrowing. But what we need to do is to put a law in place that if we must borrow, it must strictly be for investment in areas of growth.

“Many countries have built robust economies with borrowed funds. We can do the same if only we enthrone visionary and committed leadership. -PO