President Muhammadu Buhari has spoken on Nigeria’s debt profile and why countries and institutions keep lending to the country.
Speaking on Wednesday at the State House when he met with members of the Catholic Bishops’ Conference of Nigeria (CBCN), Buhari said Nigeria keeps getting loan because creditors are certain it will pay back.
Buhari said creditors had full confidence that Nigeria has the capacity to utilize resources and repay loans.
“We are credible, that’s why the countries and institutions agreed to support our development with loans.”
He, however, condemned the destruction of oil facilities which slowed the generation of revenues.
The President assured the clerics that the government would be harder on saboteurs.
Buhari added that challenges faced in the past, including coups and civil war, prepared the nation for survival.
“We thank God that Nigeria is still one. We should not forget that more than a million died for the nation to survive”, he said.
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