South-East Exclusion: Senate Rejects FG’s Loan Request For Rail Projects
The Senate is planning to shoot down the Federal government’s plan to borrow $5.8 billion (which translates to 2.2 trillion Naira) from China.
This is because the planned rail project excludes Nigeria's South-Eastern region.
If the loan is approved, it will be used for the construction of standard gauge lines from Lagos-Kano, Kano-Kaduna, Lagos-Ibadan, and Lagos-Calabar.
None of the railway lines has been designed to pass through any of the 5 South-Eastern states.
While considering a motion moved by Senator Enyinnaya Abaribe, who is a PDP member from Abia South Senatorial district, the Senate resolved that the loan would not be considered except all regions are included.
However, the President of the Senate, Bukola Saraki said the leadership of the National Assembly had already identified the flaw and had taken it up with the executive.
He stressed that it is only when the committee submits its report and the South East is excluded that there would be need to take appropriate action.
Meanwhile, the Senate approved the motion to invite the Minister of Transportation, Rotimi Chibuike Amaechi, to explain why the Eastern line was excluded from the plan.
The minister is expected to appear before the committee on Local and Foreign Debts.