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Nigeria Will Continue To Borrow – Buhari



We’ll Restore Your Devastated Communities, President Buhari Assures IDPs
We’ll Restore Your Devastated Communities, President Buhari Assures IDPs

President Muhammadu Buhari. (Photo credit: File photo)

President Muhammadu Buhari has said that Nigeria will continue to borrow funds.

He made disclosure on Thursday when when he hosted members of African Export and Import Bank, AFREXIM, led by Dr Benedict Okey,

Buhari said that needed to continue borrowing so as to fix the long decayed infrastructure in the country.

“We are grateful for the much you are doing for us, but we will continue to knock on your doors for more and more as we strive to overcome our infrastructure deficit.

“We realise that we do need money to fix the appalling state of infrastructure we met; to do roads, railways, power and communications – a sector now mostly in private hands which is doing very well.

“Don’t be tired of us. We will be coming to you again and again. Please accommodate us,’’ the President told the Board of AFREXIM.

President Buhari said the nation already faces a challenge of fixing and putting in place long delayed infrastructure and will need strong partnerships for quick and better results.

The President said it was an honour for Nigeria to host AFREXIM’s Annual General Meeting and 25th Anniversary in Abuja.

In his remarks, the President and Chairman of AFREXIM Board of Directors, Dr. Oramah expressed satisfaction with the support of the Nigerian government in the operations of the bank, noting that the bank’s confidence in Nigeria justifies the huge loans it had granted to the country.

He said the 20,000 participants attending the Annual General Meeting had already expressed their satisfaction with the quality of arrangements for the event, which includes security.