Works and Housing Minister Babatunde has explained that the Federal Government borrowings are necessary to remedy the country’s infrastructure deficits.
He asked critics of the government’s borrowings to suggest alternative means to fund the nation’s vital projects.
Speaking on the sidelines of his inspection of two bridges the Federal Government built in Cross River State, Fashola said President Muhammadu Buhari remained committed to reducing the infrastructure deficit across the country.
Fashola challenged those saying the government was borrowing too much, saying: “They should provide alternative source of revenue to generate money. Or, do they want us to tax you more?
“This is public finance. Those people saying those things, it is Home Economics they know; they don’t know public finance.”
The minister noted that a good knowledge of what some other countries are doing would enable them to appreciate the efforts of the current Federal Government.
