Babatunde Fashola, minister of works and housing, says President Muhammadu Buhari would continue to award contracts until his administration officially elapses.
The federal government’s comments provoked angst in some quarters and elicited copious criticism from the public.said the federal government would continue to award contracts until the “last hour”. On borrowing, Fashola said the government invests borrowed funds in infrastructure for national development.
“So, this road is going to cost over N90 billion. We want the road and we are saying that Buhari’s administration is borrowing money, who is now going to give us money to do it? Some states are borrowing money outside the country, still, they will pay it back.“So, this road is not funded by debt, it is funded by a policy of Buhari’s called ‘tax credit policy’, where the private sectors invest their tax in advance and it is paid back later.