Tag Archives: Obasanjo attacks Buhari : Borrowing for recurrent expenditure is foolish

September, 2021

• 20 September

  Obasanjo attacks Buhari : Borrowing for recurrent expenditure is foolish

  

  Former President of Nigeria, Olusegun Obasanjo, has frowned at the way the Federal Government is taking loans. According to the ex-president, borrowing for recurrent expenditure is ‘foolish’. Obasanjo said that borrowing and accumulating debt for the next generations to come is criminal. He said, “If you want to build a commercial house and you go and borrow money, and you ...

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