The President, Imaginative and prescient Africa Worldwide and the Co-Chair of the Interfaith Dialogue Discussion board for Peace (IDFP), Bishop Sunday Ndukwo Onuoha, has cautioned the President Muhammadu Buhari-led authorities in opposition to additional borrowing from each worldwide and nationwide monetary organisations so as to not mortgage the way forward for the nation’s kids.
He suggested the federal government to desist from additional borrowing so as to not put the way forward for Nigerians at risk.
Bishop Onuoha, a World Peace Award Winner in 2013, whereas giving his recommendation noticed that one of many previous habits that the federal government ought to shun this 12 months is steady borrowings from overseas international locations.
He famous that borrowing seems candy however all the time exhausting to pay again.
In accordance with him, “One factor about borrowing, is that whereas doing it, it seems satisfying, however the place the issue units in is if you don’t have any hope of paying again or if you haven’t invested properly with the borrowed cash, therefore drawback could ensue at this level.”
The Methodist Bishop enjoined the President Muhammadu Buhari-led authorities to not mortgage the way forward for the youthful technology who could also be left to service these money owed because of its gravity, saying that it might be unfair to punish them by continually borrowing with out investing properly to their benefit.
He added, “Borrowing might not be a foul thought if you happen to make investments and deploy such loans judiciously, however within the Nigerian context, the place there’s recession, loads might not be achieved when it comes to pay again as a result of these monies go into servicing of previous money owed with out plans to speculate.”
Bishop Onuoha suggested the President Muhammadu Buhari-led administration to spend money on the youth who’ve the potential to unlock gray areas to the advantage of the whole nation, declaring that investing in them would handle restiveness and all method of agitations witnessed within the nation in latest occasions.
He additionally known as for enormous funding in agriculture, arguing that earlier than the arrival of the oil increase, agriculture was the mainstay, sustaining the nation and offering jobs for hundreds of thousands of Nigerians.
He known as on the Federal Authorities to speculate extra in agriculture now that the value of oil is down globally.