Home West African News Nigeria News I Support Debt For Productivity In Nigeria – Fashola

I Support Debt For Productivity In Nigeria – Fashola

Babatunde Raji FasholaMinister of Works and Housing, Mr Babatunde Fashola has said that the current government is committed to human capital, economic and infrastructure developments to enhance the country’s global competitiveness.

Fashola disclosed this in a statement as he delivered a keynote address on “How Government Policy Affects Business, Society in National Development and Changing International Environment” at the Lagos Business School.

He added that systems of government in several African nations which popular analysts use as the basis for the calls for the restructuring of the nation were faulty because Nigeria is operating on different indices.

His words, “I don’t think that arguments that Nigeria is spending less on health care and education is correct. 52 per cent of the spending is what you see in the budget. You cannot run a home without considering states and local governments spending.

“In Nigeria, spending is in three parts. Investments in education and health are not only domiciled in those ministries, it spreads to environment, works and housing ministries as well as other areas of needs.

“Today Federal Government is building internal roads in universities and the budget is captured in works not education.”

“If we mobilise resources from October to May, it would help us as we complete roads for the Nigerian economy.”

“I do not support debt for consumption but debt for productivity.”

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