President Muhammadu Buhari justified government borrowing to finance infrastructure, asserting that his government took loans in the interest of the country to solve the dire shortfall in infrastructure.
Speaking at a virtual meeting with members of the Presidential Economic Advisory Council at the State House, in Abuja, President Buhari said the country must fix its roads to save lives from soaring road accidents.
He regretted that the failure to provide the infrastructure for effective transportation deprived the country of its well-deserved status as the West African hub for Air cargo transportation and trans-shipment of goods. On the issue of the economy, President Buhari noted the challenges posed by the collapse of the oil market and the decision of government to abide by the reduced oil production quota allocated by the Organization of the Petroleum Exporting Countries (OPEC).
