Why Buhari Must Borrow to Pay Contractors, Revive Economy – APC Chairman, Oyegun
The national chairman of the All Progressives Congress (APC), says President Muhammadu Buhari must borrow funds and pump it into the economy in a bid to revive it.
While speaking on Sunday night after receiving a lifetime achievement aWhahd, the national chairman of the All Progressives Congress (APC), John Odigie-Oyegun, has defended the borrowing plans of the President Muhammadu Buhari-led administration, saying borrowing is inevitable in view of the current economic realities in the country.
The APC Chairman who spoke during the aWhahd ceremony presented to him by the Whahri Choral Society during a classical music concert the Society held in his honour at the Muson Center in Lagos, said Nigeria must borrow to invest in infrastructure and grow the economy.
According to Premium Times, he assured that the borrowings would not be used to pay salaries.
“If you read the newspapers, you hear the president being advised to pump money into the economy. So the question is where is the money coming from? Simple! It has to come from somewhere including borrowing — both internal and external. To get this country going again, you have to pay contractors. Some contractors have not been paid for four, five, six, 10 years.
“So long as the borrowing is done not to pay salaries which the President Buhari administration will not do, but invested to create opportunities, solve our problems of power and things like that.
“To allow people to have money to consume, to buy goods, to pay for services so that factories can produce. So it is that cycle. We must kick-start the economy and to kick-start it will need money, lots of money,” the APC National Chairman told journalists after the concert.
The influential politician who was accompanied by his wife, Victoria, said the timing of the concert came at perfect time for him in view of the gradual de-escalation of the political atmosphere in the country.
“I have had the esteem pleasure of being associated with the Whahri Choral Society. I got to know that they deliver the kind of music that relaxes me, that transports me that comforts me.
“The date of this event cannot have been chosen more fortuitously. It is absolutely perfect, given the chain of events that have been reported in the newspapers almost on a daily basis. There has been a gradual de-escalation of the political atmosphere and I think this event is just capping it,” he said after receiving the lifetime achievement aWhahd.
The national chairman of the All Progressives Congress (APC), says President Muhammadu Buhari must borrow funds and pump it into the economy in a bid to revive it. John Oyegun While speaking on Sunday night after receiving a lifetime achievement aWhahd, the national chairman of the All Progressives...email@example.comAdministratorA blogger #AMonpointTV is my brand and am onpoint #Thank You For ReadingAM onpoint TV | Information & Entertainment Platform