https://www.youtube.com/watch?v=YMdmCBXTudY

The Federal Government says the funds it has borrowed so far are justifiable because they are being used for the development of critical infrastructure that will benefit Nigerians The Minister of Information and Culture, Alhaji Lai Mohammed stated this at the Obafemi Awolowo terminal end of the Lagos-Ibadan standard gauge rail project.

Lai Mohammed and Minister of Transportation Rotimi Amaechi embarked on inspection tour of the 156km modern rail project from Lagos to Ibadan. The ministers were accompanied by the officials of the Nigeria Railway Corporation NRC) the contractor handling the project – China Civil Engineering Construction Corporation and a team of journalists.

“There is no better way to answer Nigerians as to what we have done with the money we borrowed, than this project we have inspected. This is one of the many projects that we are doing with the money we have borrowed. “There is nothing bad in borrowing provided that such borrowing is invested in infrastructure. There is also nothing bad in borrowing provided the funds are used to create jobs and create the enabling environment for the growth of the economy,” he said.

Mohammed said he was excited with the level of work done on the project; the clean coaches which he said can be compared to modern trains in any part of the world.

He said he was also excited with the enthusiasm of many Nigerians who trooped out in their hundreds to hail them over the project at every station they inspected. Mohammed commended Amaechi for his passion on the rail project which planned to commence skeletal services in September and full operations in January 2021. Speaking in the same vein, Amaechi enjoined the National Assembly to stop the ongoing probe on the loans to fast track the delivery of the rail projects.

“Why we are telling them to stop the probe is that they are not investigating corruption in the construction project itself but the issue of loan that we accessed. “They should allow us to get the loan for the Ibadan to Kano rail project which is about 5.3 billion dollar,” he said. Amaechi said fund would not be a problem for the timely completion of the Lagos Ibadan project because they have on ground about 1.6 billion dollar. He said the country will be contributing between 200 million dollar and 300 million dollar as counterpart funding.



SOURCE: https://www.vanguardngr.com/2020/08/foreign-loans-our-borrowings-are-justified-%E2%80%95-lai-mohammed/

Nigerians will benefit in what way? from the project okay I agree in terms of working at those coaches and rail point but will it be by merit or by man know man?

Are you telling us the money borrowed for the last four to five years cannot give us a better infrastructural settings than rail station, this projects are not what Nigerians need, why can't you borrow this money to build what more of the masses will benefit from primary examples like electricity and good roads

I know there's need to travel on train because it will reduces environmental accident and criminal activities we experience on highway, but I still think this government is yet to give us anything never of it kind before

And finally who will repay all this burgeoning debt being accumulated

lol lie on the beat

Please as we are not feeling the benefits of this loans, I request that the government should borrow more so these loans can at least touch the common man

Lai do you really think Nigerians cares what you have to say? it has always been lies and more lies. quite unfortunate

Lai do you really think Nigerians cares what you have to say? it has always been lies and more lies. quite unfortunate

I wish you can just shut the F up and leave us
alone

#revolutionnow

Yeye