As Nigeria's debt profile grows uncontrollably, we need the National Assembly to pass a bill limiting borrowing to investment in the following 10 sectors

Ayo Akinfe

[1] Hydro-electric power plants

[2] Railway lines

[3] Gas-powered plants

[4] Electricity distribution grids

[5] Sea port construction and dredging

[6] Airport construction

[7] Inter-City highway construction

[8] Specialist hospitals

[9] Nuclear power plants

[10] Water treatment plants

For everything else, we should either look for private sector investors, enter into PPP arrangements or raise the revenue locally through taxes. What is totally criminal is borrowing to pay for running costs such as salaries as we are currently doing!

ayoakinfe@gmail.com