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Nigerians complaining FG borrowing too much should tell us where to find funds —Fashola

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Nigerians complaining FG borrowing too much should tell us where to find funds —Fashola

Nigerians in the habit of criticising the administration of President Muhammadu Buhari of borrowing too much have been asked to advise the administration of where to get funds to execute projects.

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, threw the question to critics of Buhari’s government on Monday.

He was quoted as saying, “Buhari’s government revived the contracts that were stopped. If a contractor does not get paid, there is no magic to getting the work completed. He will have no alternative than to stop.

“You don’t expect the work that would have been done in decades to be completed within three and a half years.

Read also: SERAP urges Nigerian Govt to recover unpaid taxes from Int’l oil firms

“They (National Assembly) are guilty of the slow pace of work. They shut the NASS session for two months and delayed the passage of budget for close to 9 months.

“We had to borrow through the Ministry of Finance and invest on road to enhance productivity, reduce journey, cost and time for business in order to generate income and wealth creation to payback the loans.

“Those who complain we borrow too much should tell us where else to find funds. We are not raising tax and if we do, they will still complain.”

 

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