Foreign Debts Not For Recurrent Expenditure – Lai Mohammed

A file photo of the Minister of Information, Lai Mohammed.

 

The Federal Government has clarified that the debts being taken are not for funding recurrent expenditures but for implementing capital projects which previous administrations failed to carry out.

The Minister of Information and Culture, Lai Mohammed stated this in Maiduguri, the Borno State capital on Thursday during a one-day town hall meeting on the power situation in the state.

The minister’s explanation is coming on the heels of President Muhammadu Buhari’s plea at the UNGA meeting, for “rich nations” and international…

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