Headline

Critics Of Buhari’s Foreign Loans Are Insincere -Lai Mohammed

The Minister of Information and Culture, Lai Mohammed has said critics of the plans by the President Buhari administration to borrow money are insincere.

Mohammed said this at a town hall meeting where he addressed the vandalism of telecommunications infrastructures and others in Maiduguri.

According to the Minister, the Buhari administration is not borrowing to pay salaries or recurrent expenditures but for infrastructure.

He said, “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.

“Today, we have well over 13,000km of federal roads under repair, rehabilitation and reconstruction. There is a road project in every state, Today, we have started the countdown to when the 2nd Niger Bridge, which successive administrations have built only on paper, will be completed. The list of projects we are handling with the loans we obtained is long.

“It is an irony that those who are criticizing us today performed abysmally in terms of modernizing our infrastructure, even when they served at a time when our earnings were multiples of what we get today.

“Had they embarked on the kind of infrastructure development we are currently engaged in, perhaps there would have been no reason for us to borrow as much as we are doing now.

“For example, in their time, they claimed to have spent billions of Naira in building infrastructure but, as one can see, their infrastructure projects were only on paper.

“Today, we are still saddled with looking for resources to build the same infrastructure for which they claimed to have allocated huge resources.

“We will not be deterred by the antics of those who believe they can play politics with everything.”

Related Articles

Leave a Reply

Your email address will not be published.