The Federal Government is making judicious use of loans collected to construct, repair and rehabilitate infrastructure across the country, Minister of Information and Culture, Lai Mohammed has said.
Mohammed noted that even though the government was collecting loans spanned over the next two to three decades, the infrastructure being constructed would last far longer than that.
“Yes, we are taking loans. We are also making judicious use of the loans. And while these loans have a life span of 20 to 50 years, the roads we are constructing will have 50 to 60 years’ lifespan and outlive many of us,” he said while accompanying the Minister of Works and Housing, Babatunde Fashola on inspection.