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Nigeria’s Foreign Debt Rise Not Surprising – Capital Bancorp Boss

The Nigeria Bureau of Statistics (NBS) posted that the nation’s foreign debt in on the uprise, Managing Director/Chief Executive Officer, Capital Bancorp Plc, Mr. Aigboje Higo has reacted to the figures posted, and says he is not surprised.

Mr. Aigboje Higo said: “It is not a surprise that we are seeing an increase in our debt profile. The government has always talked about borrowing to finance the deficit as well as jump-start growth.

“Yes, we need to be careful, even though the DMO has assured the country that our debt profile is still sustainable. The key worry is that we use the borrowed funds efficiently and grow the economy in an inclusive manner.”

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