The National Chairman of the All Progressives Congress, Abdullahi Adamu, has stated that the APC led government of President Muhammadu Buhari can borrow money “till eternity” for the country because the money borrowed is being geared towards infrastructural development.
According to the Debt Management Office, Nigeria’s debt profile surpassed N40trillion in March 2022 under Buhari’s watch.
Speaking with journalists in an interview on Monday, Adamu said, “I remember very well, I told you, and I thought you believed me, that I have no quarrel with the issues of government borrowing. Government can borrow from here till eternity.
Adamu just ified the huge borrowing by comparing Nigeria with advanced countries like the United States, United Kingdom, and France who still take World Bank loans.
“What I quarrel with is if the money is not used for a purpose. The infrastructure we are developing around the country is from these sources. American government borrows. (The) Canadian government borrows. The United Kingdom borrows. France borrows money from the World Bank and other institutions. Nigeria is not an exception.”
