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FEDERAL government has disclosed that the money borrowed from different sources are meant for the country’s critical infrastructure.
Join our WhatsApp ChannelMinister of Information and Culture, Lai Mohammed stated this in Maiduguri, Borno State, at a town hall meeting to address the vandalism of power and telecommunications infrastructure in the country.
The minister maintained that the Buhari Administration is taking loans in order to build world-class infrastructure that will benefit generations of Nigerians and reverse the massive infrastructure deficit in the country.
In his words, “Naysayers have recently ramped up their criticism of the Buhari Administration for borrowing. These critics are insincere. We are not borrowing for recurrent expenditure or to pay salaries. We are borrowing to build world-class infrastructure that will benefit generations of Nigerians. And we have a lot to show for the loans we have taken. Today, the standard-gauge rail lines between Lagos and Ibadan as well as Abuja and Kaduna are running well. Today, we have new airport terminals in Abuja, Kano, Lagos and Port Harcourt. Today, the Itakpe-Warri rail line that was abandoned for decades is running.”
Mohammed said over 13,000km of federal roads are under repair, rehabilitation and reconstruction, across the federation.
”We will not be deterred by the antics of those who believe they can play politics with everything,” the Minister added.
He further noted that despite a drastic drop in revenues and competing priorities, especially that of insecurity, the federal government has invested heavily in providing new infrastructure, as well as reconstructing and rehabilitating existing ones.
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