Comments on: Fed Govt approves more external borrowings to kick-start economy https://thecitizenng.com/fed-govt-approves-more-external-borrowings-to-kick-start-economy/ Nigeria's leading online newspaper Thu, 01 Sep 2016 11:53:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: TA https://thecitizenng.com/fed-govt-approves-more-external-borrowings-to-kick-start-economy/#comment-706 Thu, 01 Sep 2016 11:53:00 +0000 http://thecitizenng.com/?p=82711#comment-706 Perhaps most (50% to 75%) of the external debt should be in the form imported technical expertise to develop the power sector (#1 priority) and infrastructure (roads, railway, seaport, broadband internet, etc., to facilitate commerce) rather than in the form of pure cash which could easily be mismanaged and stolen and, thus, prevent the benefit of the external debt to the economy.

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