Nigeria Can’t Survive With Endless Borrowing

The Debt Management Office says that it has been difficult for Nigeria to borrow from the international markets as global lenders and investors are shunning countries with Category ‘B’ economic ratings. <br />The Director-General of the DMO, Patience Oniha, says Nigeria must gear up its revenue drive while looking for alternative sources of funds internationally. <br />Oniha noted that the Federal Government had not been able to meet its external borrowing target, noting that it was now looking at lenders in the United States and Europe.