Nigerians Kick As FG Makes Move To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line

Nigerians have condemned the move as announced by Minister of Transportation, Chibuike Amaechi, Tuesday, that the Federal Government was set to apply for a $11billion loan to construct Lagos to Calabar rail.

Amaechi made the disclosure during an interactive session with the South-East and South-South Professionals of Nigeria, SESSPN, in Lagos.

Condemning the move, some Nigerians on Twitter suggested the need for Federal Government to develop its own economy instead of borrowing all the time

“These people are just wicked, will these rail projects generate the money to fund these loans?? Why borrow this much to construct rails, that majority of Nigerians will never ride in till death! Why not fund projects that will boost the economy to repay the loans.”

“You guys enjoying applying for loans because of your interest in such loan and not in the interest of the nation. After all the contractor will say thank you for awarding the contract. We are burdened already with loans and u pple are still looking for more. Na wa for you guys.”

“Another waste of resources… one-day una go sell us give china”

″ Any serious thinking nation would not loan Nigeria money at this time especially under this most clueless government. @POTUS stop every loan by Nigerian government until they account for the loans they took in the past. Reject their loan offer.”