FG needs long-term loan to complete Lagos-Calabar coastal road, others
THE Minister of Works, Engineer David Umahi, has said the Federal Government would require long-term loan to complete the Lagos-Calabar coastal highway and other legacy projects.
The minister, while disclosing this to journalists at the weekend during the inspection tour of Lagos-Calabar coastal highway project in Lagos, said that Nigerians must encourage President Bola Tinubu, to get loans for the completion of ongoing infrastructure project.
According to him, there was no way the Federal Government could achieve the completion of ongoing infrastructure projects with budgetary appropriation, hence the need for loan.
He said: ”When you look at the magnitude of projects inherited by the president in 2024, in addition to the ones he initiated, there is no way we can do it through budget’s appropriation. We are thinking that, you know, we must encourage the president to get loan.
