An Investment and Business Consultant, Dr Vincent Nwani Thursday advised federal government not to add more debt to the present N24.3trillion foreign debt owed by Nigeria.
Dr. Nwani gave the advice while speaking on the topic  “Nigeria in 2019: Low Growth Vs Rising Risk ”  at the First City Monument Bank ( FCMB ) Southwest region Media parley held at Golden Tulip Hotel , Ibadan.
According to the Investment and Business  Consultant , Nigeria’s   national GDP which is at 2.5 presently “is too weak to usher in the much needed development of the country, saying, as an expert, he is of the view that borrowing for developmental projects is never a crime, but that such borrowing should be conmitted to what it is meant for and not that the effect of such borrowing should not be felt by the masses.
He maintained  that  Nigerians are  feeling  the effect of the world currency crashes and the global trade growth which is pending at 0.5 percent in the first quarter of the year, adding that the sleepy economic performance of the country on the challenges of insecurity facing the country, poor policies of the government, and poor tax collection in Nigeria needs to be tackled
“In 2015, our external debt was N12. 1 trillion but before the end of 2018, it rose to N24.3 trillion. Though, I know it is never a crime to borrow money, but you must know what you are doing with the money you are borrowing.Today, no concrete project is going on in the country and we keep borrowing money. Today, our GDP is 2.5 which was above 6.0 few years ago. This is very weak for a country like Nigeria.” he said
Dr Awani added, “You media practitioners need to challenge government on the new policy on loan for importation of food, especially milk. If you raise money to import without going through the CBN, when you get to port of entry, you will have problems.”
The Group Head, South-west, FCMB, Mr. Diran Olojo while welcoming Media Practitioners to the parley declared that it was put in place as part of the FCMB social corporate responsibility  for Southwest media practitioners for effective business reportage.
Mr Olojo pointed out that the Media Parley which is the 6th in the series is to add value and support to the Media as well as demonstrate how much FCMB value the Media