N13.17 trillion debts incurred under Buhari justifiable – Fashola

The Minister of Works and Housing, Babatunde Fashola, has said the Buhari administration has justified all its debts by constructing various infrastructures across the nation.

Fashola said this at the closing ceremony of the 28th National Council of Works meeting held in Kano on Thursday.

He said the ongoing projects across the country had justified the debts, especially when compared with what the previous administrations had done.

“Our first budget in 2016 was over N250bn, up from the N18 billion we met in 2015. That was an increase of over a thousand percent, even though the price of crude oil was dropping, we did not raise taxes.”

The Minister, according to The Punch explained that the Federal Government had been able to deliver more than 1,800 kilometers of roads across the six geo-political zones so far, stressing that the Buhari-led Administration was determined to complete all the ongoing projects before the expiration of its tenure in May next year.

Governor Abdullahi Ganduje of Kano State said there was a need for synergy between the federal highways and states to achieve the set objectives.

He commended the Buhari administration for initiating various projects in his state.

Theeditorial.ng on August 19 reported how the administration of President Muhammadu Buhari had spent nothing less than N13.17 trillion between 2016 and March 2022 to service debt.

According to the information from the Debt Management Office, from 2016 to March 2022, servicing local debts gulped N10.77 trillion, while the government spent N2.40 trillion ($7.84billion) to service external debts.