Monday, 5 October 2020

President Buhari Justifies Borrowing

 

On Tuesday, 15th of September 2020 Nigerian President Muhammadu Buhari justified government borrowing to finance infrastructure.

He asserted that his government took loans in the interest of the country to solve the dire shortfall in infrastructure.

Speaking at a virtual meeting with members of the Presidential Economic Advisory Council (PEAC) at the State House, in Abuja, President Buhari said the country must fix its roads to save lives from soaring road accidents.

“We have so many challenges with infrastructure. We just have to take loans to do roads, rail and power, so that investors will find us attractive and come here to put their money,’’ the President said after listening to a presentation by PEAC chaired by Professor Ayo Salami.

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