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. “I want to see the minister of finance, budget, and national planning on the world stage telling investors that Nigeria requires $1 trillion in development assistance,” Bagudu added.
“People say we have over-borrowed, but we need more money, and we need the support urgently to invest in our capacities.
“I want to see how the ministry of finance (the minister is here) can go out there and confuse people on how to mobilise much more resources.
For me, at the sub-national level, the limiting factor is resources.“When Nasir el-Rufai, governor of Kaduna state, attempted to borrow from the World Bank… it was very frustrating for him to borrow small amount needed for the state on a development plan. You have to go to the federal government, assembly, all that