Will you keep borrowing to pay for major projects?
I will use public-private partnerships to finance major projects instead of relying solely on government borrowing. This is part of how I will manage public debt responsibly, shifting toward borrowing that is strictly for productive investment rather than consumption. I will bring in private investors to finance development with their own capital, while government provides targeted incentives, including tax concessions where appropriate. This will allow us to build infrastructure, create jobs and grow the economy without relying excessively on borrowing.
When I was Vice President, our administration successfully tackled Nigeria’s enormous debt burden. Between 1999 and 2007, Nigeria paid off her entire foreign debt, while we also built savings through the Excess Crude Account. We have done it before, and I am confident that, with fiscal discipline, investment and sound economic management, we can put Nigeria’s finances on a sustainable path again.