FG’s borrowing to be invested in infrastructure ― Fashola

THE Federal Government (FG) has said that its borrowings will be used the development of the country’s infrastructure.

Minister of Works and Housing, Babatunde Raji Fashola, made the disclosure during an inspection tour of Highway projects in Niger State.

He argued that the development will create jobs and help the country achieve self- sustaining economy.

He said, “a nation’s wealth is measured by its infrastructure.”

According to him, “the concern of Nigerians on government borrowing is legitimate, but borrowing should be weighed with the problem they are used to solve.

“People need infrastructure if they can see that the money borrowed is used to deliver critical infrastructure, then their queries can be assuaged.”

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Some of the projects inspected were: the dualisation of Suleja-Minna Phase I and phase II, the reconstruction of Bida-Lapai-Lambata road, the construction of Agaie-Katcha-Barro road, dualisation of Jebba-Mokwa-Bokani road and rehabilitation of New Bussa-Kaiama road.

On his part, the Project Manager, Salini Nigeria Limited the company handling the dualisation of the Suleja-Mina road, Mr Paolo Canpanella expressed the company’s commitment to completing the road on or before January 2023.

“The dualisation of Jebba-Mokwa-Bakani road in Niger State will ease transportation of agricultural produce, reduce the pressure on existing single-carriage road facilities, reduce travel time and ultimately reduce vehicle operating costs,” he added.