Peter Obi- Borrowing for consumption is Nigeria’s major challenge

Peter Obi, former governor of Anambra, says borrowing for consumption is Nigeria’s major challenge.

He said this in a tweet on Thursday.

According to him, the country can borrow funds but they should be used wisely for investment. 

He said the mismanagement of borrowed funds has cost the country so much, hence the government should enforce a law to regulate borrowing. 

– The Cable