President Muhammadu Buhari has on Thursday, October 20, admonished
the Minister of Transportation to ensure that all the 36 state capitals are
connected with rail in the ongoing railway projects.
The Minister of Transportation, Mr, Chibuike Amaechi, disclosed
this during a meeting with the Chairman Senate Committee on Local and Foreign
Debts, Sen. Shehu Sani.
The meeting was in organised to address the President Buhari’s
loan request of 5.5 billion dollars.
The meeting was attended by the Ministers of Finance; Budget
and National Planning; and Power, Works and Housing
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 dollars 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.”
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. (NAN)
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