President Bola Tinubu has robustly defended Nigeria’s new borrowing from international institutions and banks, insisting the loans will fund infrastructure that expands opportunities for future generations.
In a post by his Spokesman, Bayo Onanuga on X on Thursday, in an essay titled “From reforms to delivery: Our infrastructure investment and growth strategy,” the President responded to criticism, especially from opposition leaders.
“The real question is not how much we borrow, but what we build, what value we create and what future we leave behind,” he wrote.
Tinubu identified the Lagos-Calabar Coastal Highway, Sokoto-Badagry Superhighway, Trans-Sahara Superhighway, electricity grid upgrades and the modernisation of key commercial ports in Lagos as major projects expected to strengthen Nigeria’s productive capacity.
These, alongside investments in healthcare, education and vocational training, would connect economic regions, reduce logistics costs, unlock agricultural and industrial potential and attract private investment.
The Lagos-Calabar Coastal Highway is expected to cut
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