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Governments That Borrow Money For Projects Deserve Less Credit - Aworawo

It does not take much wisdom to borrow money from institutions like China or the World Bank to execute projects while leaving the debt for future administrations and citizens to repay. Although projects are ongoing in different parts of the country, many of the claimed achievements are not very convincing in terms of real impact. When the President mentioned that the minimum wage has risen to ₦70,000, I could only question its value in real terms, as its purchasing power is still very limited and does not reflect a meaningful improvement in the cost of living for most Nigerians.

Prof. David Aworawo, Professor Of Int’l Relations & Strategic Studies, University Of Lagos

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