‘Why are we still borrowing?’: Sanusi criticises continued borrowing despite subsidy removal

‘𝗪𝗵𝘆 𝗮𝗿𝗲 𝘄𝗲 𝘀𝘁𝗶𝗹𝗹 𝗯𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴?’, 𝗦𝗮𝗻𝘂𝘀𝗶 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗙𝗚’𝘀 𝗱𝗲𝗯𝘁 𝗿𝗶𝘀𝗲 𝗱𝗲𝘀𝗽𝗶𝘁𝗲 𝘀𝘂𝗯𝘀𝗶𝗱𝘆 𝗿𝗲𝗺𝗼𝘃𝗮𝗹

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“We’ve removed the subsidy. We’re now spending it. What we should not see is fiscal consolidation. You cannot remove wastages and continue borrowing. I’ve said this before. You need to see the benefits.

“If you’re not paying the subsidy and you’ve got the money, why are we still borrowing and borrowing? What are we borrowing for?” Sanusi questioned.