Sponsored
News

Buhari Orders 36 State Capitals Be Connected By Rail

Sponsored
Sponsored

President Muhammadu Buhari has given the directive that all the 36 state capitals should be connected with rail in the ongoing railway projects.

The Minister of Transportation, Mr. Rotimi Amaechi said on Thursday at the meeting with the Chairman, Senate Committee on Local and Foreign Debts, Senator Shehu Sani.

The meeting, also attended by the Ministers of Finance, Mrs. Kemi Adeosun; Budget and National Planning, Senator Udoma Udo-Udoma; and Power, Works and Housing, Mr. Babatunde Fashola, was in connection with President Buhari’s loan request of $5.5 billion.

Amaechi said that the central rail line project connecting several communities of northern and southern Nigeria would be completed in June, next year.

According to him, 17 coaches are expected to arrive in November and out of the number, 10 will be deployed to Abuja-Kaduna rail line while the remaining seven will be deployed to the Itakpe-Warri rail line.

Amaechi said that part of the money being requested now for approval by the senate was to execute the rail projects covering Kano-Kaduna, and Lagos-Ibadan networks.

Sani had earlier advised if Nigeria “must borrow, it must borrow responsibly”.

Sani said: “the committee has the mandate to examine the merits and otherwise of the current loan request of $5.5 billion of the president.

“If we must bequeath to the future generation a pile of debt, it must be justified with commensurate infrastructural proof of the value of the debt.

“The payment plan of this debt will undoubtedly last the length of our lifetimes and possibly beyond.

“We must leave behind a legacy that will appease and answer the questions the next generation of Nigerians will ask,” Sani said.

Also providing insight into the loan request, the Director-General, Debt Management Office, Mrs Patience Oniha, explained that the loans have sustainable benefits that would live beyond the present generation of Nigerians.

“What we should take away is that we are going into projects whose benefits don’t go away.

“The roads don’t go away, the schools don’t go away, and the hospitals don’t go away but all that we need to do is to maintain them properly and that is the explanation I want to make on that,” she said.

Sponsored
Funsho Arogundade

Recent Posts

ONC Visits Orphanage Homes, Donates Food Items & Cash To Mark Prof Ngozi Nma Odu’s 74th Birthday

Notable Niger Delta socio-cultural group, the Orashi National Congress (ONC) has extended its birthday celebration…

42 minutes ago

Comrade Dauda Attends Swearing-In Of Lagos Local Government Service Commission Chairman & Commissioners

ADEOLA OGUNLADE  The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD), was…

60 minutes ago

From Opportunity to Expansion: How Fidelity Bank FundHer Supported Akara Café’s Next Chapter

BY MARTHA ESSIENANWAN E Building a business is often about recognising opportunities at the right…

1 hour ago

Moghalu Mourns Professor Gregory Ibe, Founder Of Gregory University

The former Managing Director of the National Inland Waterways Authority (NIWA), Dr. George Moghalu, has…

2 hours ago

Lagos SWAN Honours Prophet Adebayo for Youth Development, Humanitarian Service

*The cleric, decorated as Patron of the association and presented with a Special Award of…

2 hours ago

2027: LP Candidate, Hon Ikenna Okafor Meets Home Builders Women, Virtuous Women Groups

It was a gathering of women stakeholders as Hon. Anthony Ikenna Okafor met with the…

2 hours ago
Sponsored