President Muhammadu Buhari has commented on why countries
and institutions approve loans for Nigeria.
The President spoke on Wednesday at the State House at a
meeting with members of the Catholic Bishops’ Conference of Nigeria (CBCN).
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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