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Chief John Odigie-Oyegun, the national chairman of the All Progressives Congress (APC) has defended the borrowing plans of the President Muhammadu Buhari-led administration saying borrowing is inevitable in view of the current economic realities in the country.

The APC chairman who spoke on Sunday, December 4, 2016 after receiving a lifetime achievement award presented to him by the Warri Choral Society in Lagos said the federal government must borrow to invest in infrastructure and grow the economy 

Odigie-Oyegun assured that the borrowings will not be used to pay salaries.

His words: “If you read the newspapers, you hear the President being advised to pump money into the economy. So the question is where is the money coming from? Simple! It has to come from somewhere including borrowing - both internal and external. To get this country going again, you have to pay contractors. Some contractors have not been paid for 4, 5, 6, 10 years.

“So long as the borrowing is done not to pay salaries which the President Buhari administration will not do, but invested to create opportunities, solve our problems of power and things like that. To allow people to have money to consume, to buy goods, to pay for services so that factories can produce. So it is that cycle. We must kick-start the economy and to kick-start it will need money, lots of money,” the APC chairman told journalists after the concert.

ALSO READ: Oyegun: ‘I’m not leaving APC,’ Party leader says

Odigie-Oyegun said the ongoing fight against corruption was necessary for the country to make progress.

“That is a task (anti-corruption) that must be accomplished because it is at the bottom of all the ills of this country. When you are corrupt, you are immoral, when you are corrupt, you don’t have ethics, when you are corrupt, you lose the distinction between right and wrong. When you are corrupt, even life does not mean anything to you. So, we must get it under serious control for this nation to have the hope of making any progress," he said.

Meanwhile, Oyegun has said he will fast and pray to see that President Muhammadu Buhari agrees to a second term.

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