Lagos-Ibadan Rail Project, A Manifestation of Buhari Administration Promises

The Minister of Information and Culture, Alhaji Lai Mohammed has described the Lagos-Ibadan Standard Gauge Rail project as one of the manifestations of President Muhammadu Buhari led administration promises.

Alhaji Mohammed stated this when he accompanied the Minister of Transportation, Hon. Rotimi Amaechi on inspection of the project to assess the level of work done due to the stalling of project as a result of the Covid-19 pandemic.

Speaking on the loans acquired by the Buhari administration, the Minister said the several loans acquired are being effectively invested, saying that nothing is bad in borrowing funds provided what is borrowed is invested on infrastructure that create jobs and an enabling environment for economic growth.

“For those who are asking where we are burning the money we borrowed, you can now see where the money is. We made a promise to Nigerians and this is one of the manifestations of what we have been able to do.

“There is no better way to answer Nigerians as to what we have done with the money we have borrowed than this trip,” he told the over 40 journalists who accompanied them on the inspection.

”On this trip, you have seen first hand the stations being constructed, the rail lines and the people who are working on the projects.

“Rather than arguing with critics, we opted to allow you (journalists) – the ears and eyes of Nigerians – to come and see for yourselves what we are doing with the money we are borrowing,” he said.

” We didn’t borrow money for services, we did not borrow money for overhead expenditure, we borrowed money to do capital projects, roads bridges, power generally infrastructure and this is the first this administration in the series of inspections we are going to go along with you so that you can better enlighten Nigerians that there is nothing bad in borrowing provided that borrowing is invested in infrastructure, create jobs and create an enabling an environment for the economy

“Please come and see for yourselves what we are doing with the money we borrowed. I am very excited because of the work done here” Mohammed stated.

Facebook Comments Box
Copyright 2024 ROYAL NEWS. All rights reserved. Digital material on this website, may not be published, reproduced, broadcast, rewritten or redistributed in whole or in part without prior express written permission from ROYAL NEWS.
 

For Adverts and News/Event Coverage, contact 08061346946, 07030849251. Or email info@royalnews.com.ng

Download ROYAL NEWS app

Html code here! Replace this with any non empty raw html code and that's it.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe

Popular News

Latest News

More like this
Related

Maikudi sacked as UNIABUJA Vice Chancellor, Lar Manko appointed

Professor Aisha Sani Maikudi has been sacked from her...

BREAKING… Emir Sulu-Gambari appoints Yakubu Layi Gobir as new Sarkin Gobir

The Emir of Ilorin and Chairman Kwara State Traditional...

2025 Hajj: NAHCON extends registration deadline to Feb 10

Chairman of the National Hajj Commission of Nigeria, NAHCON,...

Suspected fraudsters disguised as assassins to defraud journalist, demand N20 million as saving grace

Suspected fraudsters disguising as assassins have threatened to eliminate...

Court sentences University Professor to 3yrs jailterm for announcing falsehood election results

Professor Ignatius Uduk of the University of Uyo (UNIUYO)...

Abuse of power: Call IGP Egbetokun to order, CSO tells Tinubu

President Bola Tinubu has been called upon to immediately...

Tinubu departs Abuja for AU meeting in Addis Ababa, proceeds to France

  President Bola Ahmed Tinubu will depart Abuja on Wednesday...

NiMet Predicts Early Onset of Rainfall In Southern States

The Nigerian Meteorological Agency (NiMet) has predicted an early...

KGHA restricts foreigners’ direct access to cashew farmers

Kogi State House of Assembly has called on the...

JUST IN….UNILORIN student reportedly commits suicide over economic hardship

A yet to be student of the University of...

Kwara Gov. Assures Business Communities of Enabling Environment

Governor Abdulrahman Abdulrazaq of Kwara State has reiterated the...

GAMBIA: President Jammeh going?

* Embattled president challenging election loss * Regional African mediation...

Nigeria Undoubtedly On Path To Greatness Despite Challenges –Lawan

Immediate past President of the Senate, Senator Ahmad Lawan,...

UNILORIN gets molecular lab for COVID-19, other infectious diseases’ testing

AUTHORITY of the University of Ilorin has flag-off its...

NASS committed to women, youth involvement in governance, says Omo-Agege

The Deputy President of the Senate, Senator Ovie Omo-Agege...

APGA rejects Enugu LG poll result, blames ENSIEC

The All Progressives Grand Alliance (APGA), has rejected the...

Read why LASUTH placed three health officers on isolation

The Lagos State University Teaching Hospital (LASUTH), Ikeja, says...

Breaking….Court faults Law used to depose Ado-Bayero, 4 others

A Federal High Court in Kano has set...

Buhari cautions historians, intellectuals to be fair in documenting him

President Muhammadu Buhari is calling on the country’s historians...

Rochas reveals reasons for Biafra agitation

Rochas Okorocha, the Imo State Governor, has faulted the...