President of the Senate, Senator Ahmad Lawan has raised the alarm that the President Muhammadu Buhari led government is facing very serious scarcity of funds.
According to The senate President, the dwindling scares resources in the country has made it “inevitable for Nigeria to continue to borrow to build critical infrastructure.
The administration is facing Paucity of Funds, the time has come for PPP, this is inevitable, people in the private sector should come and invest; people can come and build our roads once the conditions are favourable.”
Lawan who noted that the government has shown the willingness as well as the capacity to build infrastructure stressed that finding the required resources has been a major challenge.
He said, “COVID-19 pandemic had negatively impacted on the Nigerian economy; crashing crude oil prices as low as $20 per barrel in the first quarter of 2020.”