We’re Building World-class Infrastructure With Loans – FG

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The federal government said yesterday that the Buhari administration is taking loans in order to build world-class infrastructure that will benefit

He noted: ”It is an irony that those who are criticising us today performed abysmally in terms of modernising our infrastructure, even when they served at a time when our earnings were multiples of what we get today.“Had they embarked on the kind of infrastructure development we are currently engaged in, perhaps there would have been no reason for us to borrow as much as we are doing now. We will not be deterred by the antics of those who believe they can play politics with everything.

“Another thing is to make the item being vandalised very difficult to sell. There must be primitive punishments for anyone found selling those things in the market. “From January 2021 to date, TCN in nine months has lost 848 megawatts per day totalling N1.17 billion. Some staff of TCN have lost their lives,’’ said managing director, Transmission Company of Nigeria, Mr. Sule Ahmed Abdulaziz who represented the Power minister.Meanwhile, the governor of Borno State, Babagana Zulum, hinted that a 50 megawatts gas power plant being funded by the federal government is on stream to electrify parts of the state.

He said, “Let me at this juncture, convey my gratitude to the President and Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, Muhammadu Buhari for approving the establishment of alternative power supply to Borno state through the NNPC.

 

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Short distance trains from Warri to Itakpe. World class infrastructure? I shake my head in Pashtun, habitual Lai is at it again

The question is, who will pay for these loans?

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