Is borrowing really a taboo?

The Nigeria Governors’ Forum (NGF) is reportedly planning to borrow the sum of N17 trillion from the pension fund for infrastructural development.A communique from the 22nd NGF teleconference meeting stated that this borrowing decision stemmed from the willingness to adopt a proposal by the adhoc committee of the National Economic Council (NEC). Also, it appears that the plan to borrow N2 trillion at 9% interest from the growing funds under the Contributory Pension Scheme, was in line with the recent proposal of the governor of Central Bank of Nigeria (CBN), Godwin Emefiele to access N15 trill…

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