Governor Abubakar Bagudu of Kebbi state has stated that the country’s states want additional funding to engage in infrastructure development and alleviate poverty for millions of people.
Bagudu stated on the margins of the 27th Nigerian Economic Summit (NES) in Abuja that, despite claims that the country has over-borrowed, more money is needed to invest in our capacities.
He also remarked that resources are the limiting issue at the subnational level. Bagudu stated, ”
“I want to see Nigeria’s finance, budget, and national planning minister on the world stage telling investors that the country requires $1 trillion in development aid.
“People say we’ve borrowed too much, but we need more money, and we need it now to invest in our capabilities.”
“I’m curious to see how the ministry of finance (the minister is present) can perplex people about how to mobilize significantly more money. Resources, in my opinion, are the limiting issue at the subnational level.
“It was highly frustrating for Nasir el-Rufai, the governor of Kaduna state, to borrow a minimal amount needed for the state on a development plan from the World Bank. You must go to the federal government, to the assembly, and to all of that.”