We Are Already Living On Borrowed Time, Adeniyi Warns FG

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We Are Already Living On Borrowed Time, Adeniyi Warns FG.

The Chairman, Editorial Board of Thisday newspapers, Mr Segun Adeniyi, has warned the Federal Government against using oil proceeds to service recurrent expenditure, stressing that Nigeria is already living on a borrowed time.

Speaking on the theme, ‘The Drivers, Enablers, and Obstacles To Our Growth,’ Adeniyi said things may get worse for many states in the country as oil earnings are already not enough to meet recurrent expenditure.“With the new minimum wage, things can only get worse for many of the states and maybe even the federal government that is now heavily indebted.

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