Fashola blasts “backyard economists” who criticize Buhari’s administration

Babatunde Raji FasholaMinister of Works and Housing today hit hard at critics of the economy under President Muhammadu Buhari, referring to them as “backyard economists.” 

Fashola made the remarks on Tuesday, September 24, 2019 during a keynote address he delivered at the Lagos Business School, according to Punch.

“Today, the government is constructing roads in every state of Nigeria and while revenues are a challenge to prompt completion, some ‘experts’ who have not successfully shown they can run a small business, moan the loudest about Nigeria’s borrowing to fund infrastructure investment,” Fashola was quoted.

“A Nigerian has borrowed billions of dollars to build a refinery, petrochemical plant, fertiliser plant and gas processing plant, yet some backyard economists complain that a country whose population is in the hundreds of millions is borrowing too much to fix rail, roads, ports (air and sea) and power,” he added.

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