TheCable

John Oyegun, national chairman of the All Progressives Congress (APC), says President Muhammadu Buhari must borrow funds and pump it into the economy in a bid to revive it.

A statement by the party on Monday quoted Oyegun as saying this on Sunday night after receiving a lifetime achievement award presented to him by the Warri Choral Society in Lagos.

“If you read the newspapers, you hear the President being advised to pump money into the economy. So the question is where is the money coming from? Simple! It has to come from somewhere aborrowing — both internal and external. To get this country going again, you have to pay contractors. Some contractors have not been paid for four, five, six, 10 years,” Oyegun said.

“So long as the borrowing is done not to pay salaries, which the President Buhari administration will not do, but invested to create opportunities, solve our problems of power and things like that….

“To allow people to have money to consume, to buy goods, to pay for services so that factories can produce. So it is that cycle. We must kick-start the economy and to kick-start it will need money — lots of money.”

Oyegun further said the timing of the concert came at perfect time for him in view of the gradual de-escalation of the political atmosphere in the country.

“I have had the esteemed pleasure of being associated with the Warri Choral Society. I got to know that they deliver the kind of music that relaxes me, that transports me, that comforts me. The date of this event cannot have been chosen more fortuitously,” he said.

“It is absolutely perfect, given the chain of events that have been reported in the newspapers almost on a daily basis. There has been a gradual de-escalation of the political atmosphere and I think this event is just capping it.”