• Nigeria should borrow, spend less, earn more to exit recession, says Obasanjo

    Nigeria should borrow, spend less, earn more to exit recession, says Obasanjo

    Former President Olusegun Obasanjo on Tuesday stressed the need for Nigeria to borrow, spend less and earn more to get out of the current economic recession.

    Obasanjo said this in Abeokuta at the opening ceremony of the National Council On Finance and Economic Development Conference (NACOFED). The theme of the conference is “Enhancing Revenue Generation and Obtaining Best Value for Money in Expenditure”.

    According to Obasanjo, the major problem with Nigeria is that “we are spending more than we are earning and […]