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Until Buhari Leaves Office, Nigerians Won't Value The Essence Of Loans We Borrowed - Fashola

Minister of Works and Housing, Babatunde Raji Fashola, has said that Nigerians will not value the essence of borrowing under President Muhammadu Buhari's administration until his principal completes his tenure of eight years in 2023. 

The former Lagos State governor, who became a Minister of the Federal Republic of Nigeria immediately after serving the state for eight years, said that it is not President Muhammadu Buhari that is taking loans but Nigeria does. 

He said his principal had said that the positive impact of the ongoing projects financed by the loans would materialize until he leaves office. 

The two terms governor of Lagos State made this disclosure while he was having an exclusive chat with BBC News Yoruba correspondent and a video of the chat was published Monday on the official Facebook of the media house.

Mr Fashola likened the loans taken by Nigeria to a bachelor or a spinster, who will not value the essence of marriage until they have a set of twins or triplets while still leaving in a single room, adding that life would so miserable for them and that life could only be meaningful for them when they eventually move to two or three-room apartment. 

The Minister, who is by profession a lawyer and a Senior Advocate of Nigeria, also maintained that existing infrastructural facilities in the country is overstretched and insufficient for the ever-increasing Nigeria's population, hence, there is an urgent need to borrow to expand the facilities to mitigate the shortage. 

"Those children we are saying will bear burden of the loan taken so far, should we wait until they are born and reach 40 years old before they (Federal Government) start building the infrastructure, or should we plan for them before their birth so that they can arrive into a meaningful life? Which one is better or sensible out of these?"

The Minister of Works and Housing said he has always asked Nigerians who constantly lament about the country's loans for infrastructural development to choose between preparing for the generation of unborn children or the country remains it is in terms of infrastructural decay. 

Mr Babatunde Raji Fashola finally said it would be wrong for a parent would is expecting a new baby in the family not to prepare for the incoming baby simply because he does not want to incur debts.

Watch video of his interview here:

Content created and supplied by: IrorunWrites (via Opera News )

Babatunde Raji Fashola Fashola Lagos State Muhammadu Buhari Nigeria


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