Monday, May 29, 2023
HomePoliticsNEWSWe Borrowed For Projects to Create Wealth - Buhari

We Borrowed For Projects to Create Wealth – Buhari

President Muhammadu Buhari has said that his administration embarked on a borrowing bash for projects and to create wealth.

Repeating that his focus on infrastructure was a deliberate action to create wealth and stem poverty, the Nigerian leader said the loans they sourced were largely used to fund capital projects for the people’s benefit.

Buhari who spoke during the virtual inauguration of some landmark projects of his outgoing government insisted that his government was transparent, especially in the application of public funds.

He said, “As we look at the debt profile, I urge us to also look at the assets and investment profiles, some of which were paid for by debt and some by investment income.

“In eight years, I am proud to say that we have doubled Nigeria’s stock of infrastructure to GDP (Gross Domestic Product) from about 20 percent to over 40 percent and that is no small undertaking.

“The projects that we hand over today (yesterday), apart from others, such as rail, sea and airports, a gas pipeline that had been previously completed, symbolize our country’s sharp focus on delivering prosperity.”

“If anybody with force moves, I have a good relationship with my neighbors. Niger Republic people will defend me,” he jokingly added.


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Mary Ama
Mary Ama
A passionate writer with the sauce. I do that to get you entertained without a 404 page.

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