Nigeria loans: Buhari justifies borrowing

President Muhammadu Buhari on Tuesday justified his authorities’s borrowing to finance infrastructure.

He said that his administration take loans to unravel the dire shortfall in infrastructure.

The Nigerian chief spoke on Tuesday at a gathering with members of the Presidential Financial Advisory Council (PEAC) on the State Home, in Abuja.

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Buhari careworn that the nation should repair its roads to save lots of lives from hovering highway accidents.

“We now have so many challenges with infrastructure. We simply must take loans to do roads, rail and energy, in order that traders will discover us enticing and are available right here to place their cash,’’ he stated after listening to a presentation by PEAC chaired by Ayo Salami.

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He regretted that the failure to offer the infrastructure for efficient transportation disadvantaged the nation of its well-deserved standing because the West African hub for Air cargo transportation and trans-shipment of products.

Buhari famous that Nigeria would have been in bother by now.

“That’s the reason we just about stopped the importation of meals thereby saving jobs and overseas change,” the president added.

About Niddyk 919 Articles
Daniel OlAkUnLe is the founder and editor of Naijafutures . He loves to share education news from various sources to keep readers informed.

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