#PFMDAILY 7: Suspicious Rail Project
The recent revelation that Nigeria is building the 156km Lagos-Ibadan railway at the same cost as a 560 km railway line in Ghana, which is being constructed by virtually the same company, calls for a probe and investigation about the debt procurement and contract award process.
Nigerians should no longer keep quiet in the face of brazen looting of the treasury under the guise of development.
There is absolutely no basis for the higher cost as the Lagos Ibadan route is not a difficult ecological terrain. Beyond laying the tracks, we are not even getting modern electric or solar powered trains but outdated diesel engines in the name of modernisation.
Those behind this rot and looting should be brought to book.