President Muhammadu Buhari has said that his administration embarked on a borrowing spree for projects and to create wealth.


Reiterating that his focus on infrastructure was a deliberate action to create wealth and stem poverty, the Nigerian leader said the loans they sourced for were largely used to fund capital projects for the people’s benefit.


Buhari who spoke during the virtual inauguration of some landmark projects of his outgoing government insisted that his government was transparent, especially in the application of public funds.


“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.

“In eight years, I am proud to say that we have doubled Nigeria’s stock of infrastructure to GDP (Gross Domestic Product) from about 20 per cent to over 40 per cent and that is no small undertaking.

“The projects that we hand over today (yesterday), apart from others, such as rail, sea and airports, a gas pipeline that had been previously completed, symbolise our country’s sharp focus on delivering prosperity.”


He jokingly added;

“If anybody with force moves, I have a good relationship with my neighbours. Niger Republic people will defend me.

https://www.lindaikejisblog.com/2023/5/we-borrowed-for-projects-to-create-wealth-buhari-2.html

To create wealth in your pocket
Nonsense man

I don't understand anything under this Buhari administration.

Abeg "damn Nigga" pass me weed make I kiss small.

Which if buhari project can create wealth ?

You don't create wealth by projects ...you create wealth by providing access to credit first for your business community in the key sectors you want to create wealth from

When obi said infrastructure can't create wealth they came for his head ...but buhari has proven it

1.2 billion dollars for Lagos Ibadan rail
How much does that generate ? How many people earning above 12 thousands dollers per year job die it create ?

Imagine providing that money to Delta steel n ABA steel (since the devil want to hold on to our ajokuta )
Imagine the improvement they can make

Our imagine give that money as soft loan to Nigerians into shipping to get their own shipping lines ,.u know what that would do to our economy ?


People elected Buhari that hasn't ran a successful business to lead us

Now they have forced Tinubu that even with his drug money had no business worth 10 million as at 1999 ...

Baba say borrow to create wealth

wealth with so much loan to be paid back and less revenue to balance it.

Lmao 🤣, and yet only 5% of nigerins are rich/wealthy, the rest na so help me God.
Chia, Nigerians wake up bikonu.

marlow1962:
Lmao 🤣, and yet only 5% of nigerins are rich/wealthy, the rest na so help me God.
Chia, Nigerians wake up bikonu.

Please when is 29th of May? Let it come fast so this man can just leave. He's so boring and annoying

saintbillion:

Please when is 29th of May? Let it come fast so this man can just leave. He's so boring and annoying

Don't worry, Tinubu will continue his legacy.

marlow1962:

Don't worry, Tinubu will continue his legacy.

ANY OTHER PERSON WILL MAKE A BETTER PRESIDENT OR LEADER THAN BUHARI.

And this useless, clueless, impactless & directionless president debts/loans/borrowings have only ended making Nigerians more poorer mortgaged into debts we will struggle to pay?