President Muhammadu Buhari has defended his actions in the face of criticism following his administration for amassing a huge debt profile, claiming the infrastructures he facilitated were properly handled in highly open circumstances.
The projects, in his opinion, are open to public view.
On Tuesday, as he practically opened the second Niger Bridge, three secretariats, and one road project, Buhari provided the justification.
In Six Years, Buhari Have Increased National Debt From N12trn To N33trn – Moghalu
After serving as president for eight years, Buhari explained the debt load he is going to leave behind, saying, “I understand the fears of Nigerians, the debts are related to projects that have been performed in very transparent circumstances and are available for everyone to see. The infrastructural projects that other countries have made possible by paying off loans are the source of their riches.
“As we look at the debt profile, I urge us to also look at the assets and investment profiles, some of which were paid for by debt and some by investment income.”
The outgoing President claimed that he deliberately prioritized infrastructure development during his administration in order to generate wealth and facilitate the reduction of poverty.
Southeast Govs Agree to Naming Second Niger Bridge After Muhammadu Buhari
Buhari also said: “We do not act on infrastructure by accident. It has been a deliberate choice for our government as a tool to fight poverty, to create economic growth and employment and to open the path of prosperity for our people.”
Follow us on Facebook
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.