Nigeria@63: Faith-based stakeholders task FG to be transparent on borrowed funds
Express worry over rising poverty despite increased borrowings
As the nation marks its 63rd Independent anniversary, faith-based stakeholders have charged the Federal Government to demonstrate transparency in the funds it has been borrowing.
They expressed worry of rising poverty index among the citizens, which, according to them, the nation may not get out of soon despite increased borrowings by the government.
The concerns were raised at a roundtable organised by the Caritas Africa, in conjunction with Caritas Nigeria and Justice Development and Peace Commission, in Port Harcourt, at the weekend.
The theme of the meeting, attended by Muslim and Christian clerics, was ‘Transparency in the Utilisation of Externally Borrowed Funds and Equity in the Allocation of Special Drawing Rights: The Position of Faith-Based and Other Non-State Actors in Nigeria.’
Speaking, Team Lead of Good Governance and the Focal Person, Caritas-Nigeria, Joe Nkamuke, said it was time the Federal Government showed Nigerians how they utilised the borrowed funds, lamenting that the debt profile of the country is to the tune of $108 billion.
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