Thread by @Ekwulu

''The late John Magufuli, former President of Tanzania, decided to reduce the level of borrowing to the barest minimum, with extraordinary results. He had been offered a $10 billion loan by the Chinese. When he saw that in the fine little print, they wanted to collateralise

the port of Dar es Salaam for 99 years, he turned down the offer. He, instead, concentrated on boosting domestic revenue, drastically reducing foreign travels and rigorously implementing infrastructure projects. The results were outstanding. Tanzania was enjoying one of the f

fastest growth rates in the world without going through the binge of external borrowing''
-Dr Obadiah Mailafia

@ShehuSani