Home / Breaking News / I Will Support Buhari’s Borrowing As Long As He’s Not Borrowing To Pay Salaries – Oyegun Advises President

I Will Support Buhari’s Borrowing As Long As He’s Not Borrowing To Pay Salaries – Oyegun Advises President

Odigie-Oyegun, has said Nigeria must borrow to invest in infrastructure and grow the economy.

The APC national chairman, Chief John Odigie-Oyegun, speaking on Sunday night after receiving a lifetime achievement award presented to him by the Warri Choral Society during a classical music concert, held in his honour in Lagos, said borrowing is inevitable in view of the current economic realities in the country said: “If you read the newspapers, you hear the President being advised to pump money into the economy. So, the question is where is the money coming from? Simple! It has to come from somewhere including borrowing – both internal and external. To get this country going again, you have to pay contractors. Some contractors have not been paid for four, five, six, 10 years.

“It is okay as long as the borrowing is done not to pay salaries which the President Buhari administration will not do, but invested to create opportunities, solve our problems of power and things like that.

“It is okay if it is meant to allow people to have money to consume, to buy goods, to pay for services so that factories can produce. So, it is that cycle. We must kick-start the economy and to kick-start, it will need money, lots of money.”

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