A federal legislator has urged President Muhammadu Buhari in the House of Representatives to stop frequently borrowing money for the country.
Oluwole Oke, a lawmaker representing Obokun, advised the presidency to seek assistance from financial advisors to help him remove the country from economic dollars rather than borrow.
It was stated by Oke at the Joseph Ayo Babalola University’s special invitation ceremony, JABU, Ikeji Arakeji, Osun State.
In the context of the growing debt profile in Nigeria, Oke, the Chairman of the House Public accounting committee, told Buhari not to embark upon a borrowing process to improve accountability and transparency.
While urging Buhari to invest in human capital, Oke maintained that the lack of economic counsellors was the reason for the country’s policy hardship, aiming at creating a favorable investment environment.
The federal legislator also suggested lifting the country’s unemployment embargo adding that if the problems associated with politics were not correctly addressed, the country would continue to experience underdevelopment in all sectors.
“The challenge before this country is because of economic policies somersault and I want to enjoin the government of President Muhammadu Buhari to engage a seasoned economist in his government.
“I have not seen a single economist in this government and that’s why we continue to have problems bordering on revenue leakages, the revenue is there, but we continue to be borrowing.”