The newly reappointed Minister Of Works and Housing SAN. Fashola Babatunde has described those attacking the rate of borrowing by the Federal Government as ”backward and unsuccessful economists.” 
The Former Governor of Lagos State, Babatunde Raji Fashola took a major swipe at Federal Government’s critics while speaking at the Lagos Business School yesterday September 24th in Lagos. 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, fertiliser 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…
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