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Politics Lai Mohammed Reveals Why Buhari Will Negotiate For Fresh Loan In China

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The Minister of Information and Culture, Alhaji Lai Mohammed, has revealed why President Muhammadu Buhari would negotiate for fresh loans with the Chinese government.

Mohammed said the government must resort to borrowing, in order to finance the 2016 Budget, noting that government revenue had diminished drastically, owing to the fall of crude oil in the international market.

The president who is on a working visit to China is expected to attract more investors from China to Nigeria.

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The minister who spoke yesterday evening on a current affair programme of Channels Television, Politics Today, noted that the borrowed funds would be deployed into capital projects, such as road, power and agriculture.

The minister however, urged Nigerians to exercise patience with the government, as he assured that the change Nigerians voted for would manifest eventually.
 
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