
The Minister of Works and Housing, Babatunde Fashola, has taken a swipe at those who condemned the rate of borrowing by the Federal Government, describing them as “backyard economists.”
Fashola who was a two-term governor of Lagos state, took a swipe at the Federal Government’s critics when he spoke at the Lagos Business School today September 24th. According to Fashola, people who are faulting the government’s rate of borrowing are largely unsuccessful individuals.
“Today, the government is constructing roads in every state of Nigeria and while revenues are a challenge to prompt completion. Some ‘experts’ who have not successfully shown they can run a small business moan the loudest about Nigeria’s borrowing to fund infrastructure investment.
A Nigerian, has borrowed billions of dollars to build a refinery, petrochemical plant, fertilizer plant and gas processing plant, yet some backyard economists complain that a country whose population is in the hundreds of millions is borrowing too much to fix rail, roads, ports (air and sea) and power” he said
You may be interested

Carabao Cup: Liverpool Thrash Spurs 4-0 To Reach Final
Webby - February 6, 2025Holders Liverpool thrashed Tottenham Hotspur 4-0 to reach the final of the Carabao Cup. The Reds went into the semi-final…

Antony Expresses Desire To Remain At Real Betis
Webby - February 6, 2025Real Betis winger Antony has expressed his desire to remain with the club.Recall that the Brazilian international joined Betis in…

NPFL: Plateau United GM Mutla Confident Struggling Club Will Bounce Back Stronger
Webby - February 6, 2025Habila Hosea Mutla, General Manager of Plateau United, has exclusively told Completesports.com that the club will overcome its current struggles…