Nobel Laureate, Prof. Wole Soyinka, has urged Nigerians to spend less energy questioning the number of loans being taken by the Federal Government to improve infrastructure, stressing that the benefits of rail transportation far outweighs the value of the loans.
He also said that controversies over the Chinese loans miss the point, since, according to him, “It is up to legislators to decide where loans come from.”
He also said that controversies over the Chinese loans miss the point, since, according to him, “It is up to legislators to decide where loans come from.”
His words: “I take loans as a human being, how much more if you are running a country and you need facilities, as long as you work out how to repay the loans. It is beyond my competence to look into the terms of borrowing and repaying the loans.
“I want to see the trains. I grew up seeing the trains. It is about time we got the trains back. Don’t let adverse terms scare us. That is what the economists and the CBN (Central Bank of Nigeria) exit for. That is why the procurement agencies are there. That is why we put the Senators there.”
Nobel Laureate, Prof. Wole Soyinka, has urged Nigerians to spend less energy questioning the number of loans being taken by the Federal Government to improve infrastructure, stressing that the benefits of rail transportation far outweighs the value of the loans.
He also said that controversies over the Chinese loans miss the point, since, according to him, “It is up to legislators to decide where loans come from.”
He also said that controversies over the Chinese loans miss the point, since, according to him, “It is up to legislators to decide where loans come from.”
His words: “I take loans as a human being, how much more if you are running a country and you need facilities, as long as you work out how to repay the loans. It is beyond my competence to look into the terms of borrowing and repaying the loans.
“I want to see the trains. I grew up seeing the trains. It is about time we got the trains back. Don’t let adverse terms scare us. That is what the economists and the CBN (Central Bank of Nigeria) exit for. That is why the procurement agencies are there. That is why we put the Senators there.”
His words “I take loans as a human being, how much more if you are running a country and you need facilities, as long as you work out how to repay the loans. It is beyond my competence to look into the terms of borrowing and repaying the loans.
