Nigeria, May 25 -- There is nothing intrinsically wrong with borrowing money. This is without prejudice to whether the would-be debtor or mortgagor is an individual, a corporation, or a government. What matters is that through debt, the borrowing party contracts obligations that are not at the point of sealing the negotiations easily met by their salary, equity/revenues, or tax take. In the run-in to appending the final signatures to the debt instrument, two failings are to be avoided. The first is forgetting that one will have to pay back the loans thus contracted. And the second is not first establishing how the loans will be paid. At the retail and corporation levels, lenders tend to hedge against the possibility of default by conducti...