Lagos-Ibadan Standard Gauge Rail Project

Minister of Information, Lai Mohammed, has declared that there is nothing wrong in borrowing. He said what matters is that funds are invested in infrastructure rather than services or consumption. The minister insisted that Nigeria is effectively utilizing the funds it borrowed from China and elsewhere for infrastructural development and job creation. Mohammed spoke at the construction site of the Ibadan Train Station on Saturday. He inspected the Lagos-Ibadan Standard Gauge Rail Project with his Transportation counterpart, Rotimi Amaechi. “We didn’t borrow money for services or overhead expenditure. We borrowed money for capital projects: rail; roads; bridges; power – infrastructure generally,” he said. Mohammed expressed delight at the level of work on the train stations and the modern c...