The Association of Professional Bodies of Nigeria (APBN), has cautioned the Federal Government on the dangers of borrowing to finance the 2019 Budget, saying the country’s total debt could increase from N22.4trillion to N24trillion. He said instead, the government should seek alternative funding options for its capital projects. Ajibola said: “It is our considered advice to the Federal Government to be circumspect in respect to further borrowing. If we must support government, it should instead exploit viable alternative funding options for its capital projects. “In this regard, Public private Partnership,, initiatives are viable alternatives which have gained prominence the world over to major infrastructure provisions.

Source: The Guardian February 01, 2019 02:15 UTC