Tell Us Where To Find Fund If We Do Not Borrow, Fashola Attacks Govt Critics

November 6, 2018

1.2 min readCategories: News

“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,” he said.

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

“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.”

Above were the words of Mr. Babatunde Fashola, Minister of Works, Power, and Housing, while responding to those criticising the federal government for borrowing too much.

Recall that Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), had faulted the borrowing plan of the government.

He had challenged Buhari to explain how his government spent “N16 trillion in three years”.

Some notable Nigerians have also criticised the government over excessive borrowing by the administration of president Muhammadu Buhari.

While responding to government critics, Fashola said the only way government could get money to execute some projects is to borrow.

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