Engr. Chris Emeka Azubogu, House of Rep member representing Nnewi North, Nnewi South and Ekwusigo Federal Constituencies has called on government to invest more on critical infrastructures that has the ability to boost economic growth of the nation.
He made this known on Wednesday, 28 Oct 2020 on ‘Inside Parliament – 2021 Budget: Matters Arising’, an Africa Independent Television (AIT) programme.
He said: “Investing in critical areas will drive the economy. We have to prioritize our capital investments to areas that will trigger economic growth.”
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Azubogu wished the nation had stopped the corruption ridden subsidy regime earlier than she did and invested the funds saved from it on critical infrastructure that would have driven the economy and attracted foreign investors into the country.
He recalled, “A couple of years back, we said, let us stop subsidy so that we can invest the money saved from it on critical Infrastructure that will drive the economy. There was protest all over the country against it, but if we had taken that position and saved around one trillion naira annually and consign that to infrastructural development, our infrastructure won’t be this loose now and this would have encouraged investment inflow into the country”.
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He concluded by saying that the size of the budget over the years has been very poor compared to the population, but that the nation will have to find innovative ways to generate funds to invest on critical areas that will drive the nation’s economy and create jobs for the young population.
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