Borrowing Attached To Developmental Projects In Order, Says Aduwo

Borrowing Attached To Developmental Projects In Order, Says Aduwo …C0NTINUE READING HERE >>>

A civil society leader, Comrade Olufemi Aduwo, has said that state governments are constitutionally allowed to borrow, provided such funds are directed toward developmental projects.

Aduwo spoke against the backdrop of a disclosure of the Rivers State debt profile under Governor Siminalayi Fubara.

Aduwo noted that the assertion by an online publication that Governor Fubara increased Rivers State’s debt from N5 billion to N213 billion within a year has been dismissed as a…

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