Nigerian loans are approved by Countries and institutions, according to President Muhammadu Buhari because we can pay.
The President addressed the Catholic Bishops’ Conference of Nigeria on Wednesday at a meeting held at the White House (CBCN).
According to Buhari, lenders have complete faith in Nigeria’s ability to make use of its resources and make loan repayments.
“We are credible, that’s why the countries and institutions agreed to support our development with loans.”
However, he denounced the demolition of oil infrastructure, which reduced revenue production.
The President assured the clerics that the government would be harsher on saboteurs.
Buhari continued by saying that difficulties in the past, such as coups and civil war, have equipped the country 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.
