Thursday, September 13, 2012

FG gets $1.1bn China EXIM Bank infrastructure loan

FG gets $1.1bn China EXIM Bank infrastructure loan

THE ABUJA LIGHT RAIL PROJECT:

The Bank Loan is a welcome development. But, long over due, if I may add. Be that as it may, I must applaud the effort of those behind the Abuja Light Rail project and the Infrastructure Loan, because it will go a long way to alleviating the inconvenience associated with the chaotic traffic situation in the Federal Capital Territory and the surrounding suburbs.  Similar venture should be encouraged in some of our major cities for obvious reasons. Life has no duplicate; the menace and the health hazards pose by OKADA Riders in our cities cannot be abated, if we do not have alternative means of mass transportation. A robust, affordable, and reliable mass transit system in the major cities in Nigeria - like the Abuja Light Rail - will make life better for commuters and investors as well. Nigeria is a huge market for investors. Ask MTN and the other major cell phone companies. 

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