Engr. Chris Emeka Azubogu has reiterated his incessant calls on government to invest largely on critical infrastructure that has capacity to fuel economic growth.
Reinforcing the call while speaking Wednesday on ‘Inside Parliament – 2021 Budget: Matters Arising’’, an Africa Independent Television [AIT] programme, the federal Lawmaker stressed that investing in critical areas will drive and grow the economy.
He said: “Investing in critical areas will drive the economy. We have to prioritize our capital investments to areas that will trigger economic growth.”
Continuing, he observed that a situation where critical infrastructures that ought to be fueling the nation’s economic growth are dormant and not adding value to the economy is dangerous.
“As a Nation, we have to decide to invest on critical infrastructure that will drive the economy.” he said.
Azubogu regretted the nation’s inability to stop the corruption ridden subsidy regime earlier than now and invest funds saved from the practice on critical infrastructure that will attract investors to further invest in various sectors of the economy.
“A couple of years back, we said, let us stop subsidy so that we can invest the money saved from it on critical Infrastructure that will drive the economy.
“There was protest all over the country against it, but if we had taken that position and saved around one trillion naira annually and consign that to infrastructural development, our infrastructure won’t be this loose now and this would have encouraged investment inflow into the country”, he reminisced.
Concluding, Azubogu who represents Nnewi North, Nnewi South and Ekwusigo Federal Constituency in the House of Representatives stated that the size of our budget over the years remain very poor compared to our population, but added that we have to find innovative ways of generating funds for investment on critical areas that will drive the nation’s economy and create jobs for our young population.
Azubogu Media Office
