President Muhammadu Buhari has commented on why countries and institutions approve loans for Nigeria.
The President spoke on Wednesday at the State House at a meeting with members of the Catholic Bishops’ Conference of Nigeria (CBCN).
Buhari said creditors had full confidence that Nigeria has the capacity to utilize resources and repay loans.
“We are credible, that’s why the countries and institutions agreed to support our development with loans.”
He, however, condemned the destruction of oil facilities which slowed the generation of revenues.
The President assured the clerics that the government would be harder on saboteurs.
Buhari added that challenges faced in the past, including coups and civil war, prepared the nation for survival.
“We thank God that Nigeria is still one. We should not forget that more than a million died for the nation to survive”, he said.