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Oyedele, Iyabo Masha speak as G-24 raises concerns over high borrowing costs

Oyedele, Iyabo Masha speak as G-24 raises concerns over high borrowing costs

By GhanaSummary NewsroomNigeria

Nigeria’s Minister of Finance and Co-ordinating Minister of the Economy, Taiwo Oyedele, on Tuesday expressed concerns over the high cost of borrowing among developing economies and other members of the Group of 24 Nations (G-24).” Debt and Growth Also speaking at the conference, the director of the G-24 Secretariat, Iyabo Masha, expressed worries over the cost of borrowing for many developing economies.

Mr Oyedele, chair of G-24, said that debt vulnerabilities of many developing economies are a major barrier to inclusive growth.

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