The senator representing Ondo South in the National Assembly, Jimoh Ibrahim, has urged Bola Tinubu to borrow ‘good money’ and invest in infrastructure.
Ibrahim, who gave this counsel on Tuesday’s edition of Channels Television’s Politics Today, said the current administration should borrow what he described as ‘good money.’
The lawmaker stated this in defense of the Federal Government’s planned borrowings.
“To be realistic, you need to borrow good money, not all these $2 billion.
“You can raise bonds. If Mr President decides to visit the United States and launch the national bond at 10 years at 10 per cent, you will get $100 billion,” he said.
When asked his definition of ‘good money’, the lawmaker said: “Anything above $50 billion.”
Recall that on Tuesday, Bola Tinubu has asked the National Assembly to approve a fresh N1.767trn external borrowing plan in support of the 2024 Budget.
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