Visitors:13.26k   Post: 499   New: 0

We Borrow For Infrastructural Development Lai Mohammed Wednesday Aug 19 2020   @Confidence kiaka Ati
Share
2197 Seen   35 Views  0 Comments  



The Minister of Information and Culture, Alhaji Lai Mohammed, has said Nigeria is effectively utilizing the funds it borrowed from China and elsewhere for infrastructural development to create jobs and provide the basis for economic development. 

The Minister stated this at the construction site of the Ibadan Train Station on Saturday, after a joint inspection of the Lagos-Ibadan Standard Gauge Rail Project with his Transportation Counterpart, Mr. Rotimi Amaechi. 

Alhaji Mohammed said there is nothing bad in borrowing, provided the funds are invested in infrastructure rather than services or consumption.

The Minister said the tour of the Lagos-Ibadan Standard Gauge Rail Project is the first in a series of inspection the administration is embarking upon to showcase to Nigerians the status of work on the projects the government is executing with the money it has borrowed.

He expressed delight at the level of work on the train stations and the modern coaches procured to convey passengers and goods on the Lagos-Ibadan Standard Gauge rail line. 

On his part, the Minister of Transportation, Mr. Rotimi Amaechi, said $1.6 billion is being expended on the Lagos-Ibadan Standard Gauge rail line and the stations, with $2

Team Silvernaira