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Nairaland Forum / Nairaland / General / Business / Banks May Collapse Without Govt Borrowing – Fashola (392 Views)
Attn. CBN: The Banking System May Collapse Except POS Cash Withdrawal Is Stopped / Banks May Wobble On MPC’s CRR Move / Why Banks May Continue To Sabotage CBN Efforts On New Notes (2) (3) (4)
Banks May Collapse Without Govt Borrowing – Fashola by valentineuwakwe(m): 7:34pm On Jun 13, 2020 |
The Minister for Works and Housing , Mr Babatunde Fashola, says banks may collapse in Nigeria if the government does not borrow. He said this in an Instagram Live Chat with City People, monitored by our correspondent on Saturday. He explained that many people criticised government ’s borrowing because of their limited understanding of it . He said , “ Let me say this about borrowing. Many people criticise it because they do not understand. If the government doesn ’ t borrow, a critical sector of the Nigerian economy may collapse – that is the financial and banking sector . The biggest business as to which banks make money is to lend. “ That is where they get interests to pay customers . It is by that lending that the government and private sector make profit . So , it is critical employment also .” However , the minister added that “ It is legitimate to hear those who are concerned about borrowing.” He noted that the projects , which the money borrowed are invested in , were touching lives. “ Since 2015 , the infrastructurAL development of president Buhari is touching more lives than people have acknowledged , ” Fashola added. On how he felt when his ministerial portfolios were reduced to works and housing, the minister replied , “ It is like asking me if I missed being governor . I don’ t . It is a job and for every job what I bring to the table is to deploy to the fullest all my energies and skills that God has given me. Once I am done , I don ’ t look back. ” source: https://punchng.com/banks-may-collapse-without-govt-borrowing-fashola/
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Re: Banks May Collapse Without Govt Borrowing – Fashola by Mrkcee(m): 7:35pm On Jun 13, 2020 |
.. Still waiting for this space I booked. ![]() |
Re: Banks May Collapse Without Govt Borrowing – Fashola by Freestainworld(m): 7:36pm On Jun 13, 2020 |
Borrowing government |
Re: Banks May Collapse Without Govt Borrowing – Fashola by Macphenson: 7:43pm On Jun 13, 2020 |
Hmmm |
Re: Banks May Collapse Without Govt Borrowing – Fashola by ojun50(m): 7:45pm On Jun 13, 2020 |
Keep borrowing las las we go divide one day |
Re: Banks May Collapse Without Govt Borrowing – Fashola by donbachi(m): 8:05pm On Jun 13, 2020 |
I pray China Will stop borrowing nigeria money...make she kukuma collapse...since if government no borrow give banks, dem go collapse. |
Re: Banks May Collapse Without Govt Borrowing – Fashola by Odion2016(m): 8:12pm On Jun 13, 2020 |
Fashola is now a puppet or piper,,whichever one best suits him better..Chai |
Re: Banks May Collapse Without Govt Borrowing – Fashola by neutralmind: 8:44pm On Jun 13, 2020 |
Okay... |
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