We Have Projects To Justify Buhari’s Foreign Debts – Fashola

The Minister of Works and Housing, Babatunde Fashola, has said that the ongoing infrastructural projects all over the country have justified foreign debts incurred by the present administration.

He said the President Muhammadu Buhari-led administration met N18bn in 2015 appropriated for works, noting that they had to borrow to execute projects.

Fashola spoke on Thursday at the opening of the 28th National Council of Works meeting holding in Kano.

He said, “Our first budget was over N250bn, up from the N18bn we met in 2015. That was an increase of over 1,000 per cent. Even though the price of crude oil was dropping, we did not raise taxes.

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“So, some of these monies had to be borrowed. So, when you hear those conversations about public debts, this is where the money went. Just remember that.”