Nigeria’s Minister of Finance, Mrs Kemi Adeosun, earlier in October, stated that the nation needs to borrow more in the short term, so the Government can execute critical infrastructural projects. In her exact words, “We need to tolerate a little bit more debt in the short term to deliver roads, rail, and power. That, in itself, will generate economic activities and jobs, which will then generate revenue which will be used to pay back the loans”. Mrs Adeosun is correct when she said infrastructural projects will generate economic activities. Investing in infrastructure creates income opportunities and generates jobs, directly and indirectly. For example, the construction of a cargo rail line will create jobs and sales for, civil engineers, geologists, accountants, surveyors, artisans, craftsmen, cement manufacturers and distributors, restaurants, etc. The communities the railway pass through are likely to experience an increase in sales of their agricultural produces. According to ...