Abdullahi Adamu, national chairman of the All Progressives
Congress (APC), says the federal government “can borrow from here to eternity”.
Speaking on a programme on Trust Television on Monday, Adamu
said countries like the US and the UK borrow funds from international financial
institutions to meet their needs.
President Muhammadu Buhari has been criticised for his
administration’s borrowing to execute projects across the country.
“I remember a programme we had here, I told you and I
thought you believed me that I have no quarrel, issues with government
borrowing. Government can borrow from here to eternity. The American government
borrows, the Canadian government borrows, the United Kingdom borrows, France
borrows money from the World Bank and such other institutions,” he said.
“Nigeria is no
exception, what I quarrel with is if the money is not used for a purpose and
the infrastructure we are developing across the country is from this source.
“You also have to appreciate the fact of the level of
revenue accruing to the government, oil is the main thing… We want to see how
best we can diversify. These issues affecting the revenue accruing to the
government are not our making no matter how good we are, they happen.
“When some countries sneeze we catch a cold. The Ukrainian
crisis with Russia is having an impact on our economy and even in bigger
economies than our own so why do we limit ourselves in our thinking.”
Adamu said some senators in the APC are supporting the
impeachment bid against Buhari because they did not win tickets to contest in
the 2023 polls.
“When this was going on it was part of the heat of those who
didn’t get what they wanted and they now capitalize on the pressure of the
opposition to be hard,” he said.
“It was an opposition drive, they (those who lost tickets)
supported it and they put the blame on the party and government.”
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