Kashim Shettima has stated that debt can be transformed into a valuable economic asset that drives growth and development.
He argued that debt must be used for economic growth and poverty reduction, noting that Nigeria must continue to use public debt as a vehicle for the development of critical infrastructure and tool for economic growth and poverty reduction.
He said, “With prudent management, debt can be transformed into an asset for economic growth and poverty reduction. Our goal must be to formulate policies, regulations, and guidelines for the DMO, with a view to achieving long-term debt sustainability for our country.”
He stressed that borrowing, when applied prudently, could serve as a catalyst for economic growth rather than a financial liability.
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“As you all know, public debt, if prudently applied, becomes an asset for economic growth and poverty reduction. However, recent realities in our economy call for stronger coordination between our fiscal and monetary policies,” he said.
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