National
FG Slammed Over Plan To Toll Lagos-Ibadan Highway, 2nd Niger Bridge
The Federal Government’s plan to mount toll gates on the Lagos-Ibadan expressway, 2nd Niger Bridge and Abuja-Kano road has been met with fury by Nigerians.
The plan was revealed by the Governor of the Central Bank Of Nigeria, Godwin Emefiele at an event in Lagos on Wednesday, where he revealed the projects were being funded by the Infrastructure Corporation of Nigeria (InfraCo).
Emefiele said, “The Federal Government approached us to provide some kind of bridge funding; the bridge funding is almost about N170 billion, and we provided it so that those projects can move on with funding.
“The entire scope of those three projects, I am told is slightly above N1 trillion, but the numbers are being worked on. And I believe by the time the asset managers effectively come on board, the details of those projects and the remaining aspects of those funding would be coming in through debt and that is where the asset managers would come in with the entire scope and then we would know the detailed cost of those three projects.
“All of the roads will be tolled. And we know that in many other countries in the world, roads are tolled because those projects are commercially viable.
“They can be refunded with tolls so that maintenance can be done on a regular basis, and people will pay for it and enjoy good roads, and enjoy good facilities because that is the only way we can fund the infrastructure of this country, which is the large amount of money that is needed.”
Emefiele’s revelation was widely knocked by Nigerians, some questioned why most of the projects to be tolled by the FG were in the Southern part of the country, echoing a growing divide among Nigerians
@ucheartgallery Where will you toll to repay the rail line to Niger Republic and Abuja 8 Lane Roads.?
@melugboh Tollgate no dey north oo Abi Abuja/Kaduna highway no dey good enough for toll gate? Ayam not understanding
@chikaodi_okoro So only the south is going to pay?
@burna_boy_fans_club Dem no get where to toll for north? Na Yoruba and Igbo go pay back the money? Dem no invest the loans ni? Dem build train for north come collect toll for east and west?
@iam_koms What about Abuja to Kaduna toll gate?
@ralph_newrevelation You can’t hear any part of North mentioned on this. One Nigeria nonsense.
Others knocked the FG for always finding ways of collecting more from already impoverished Nigerians, with nothing to show at the end
@ibc20 Always collecting from the masses without providing for them. Soon this will be over ?✊?
@officialprolificmario Mad people this government just want the poor to suffer more and more
@_odafe The poor Citizens are made to pay for everything, yet we never get value for our Money ?
@mmxclusive They will soon toll every living room to bedroom in Nigeria. ???
Other interestingly adviced the FG to use out of its recovered loot from Diezani and others to repay the loan
@_olamii All the money recovered from efcc and treasury recovery from the stolen deziani will be used for what…
@perfumehubng_ Shebi they have been recovering money from Diezani and her friends what happened to the monies they recovered? Who did this to us? What did we do wrong?
@sisi_riyike Use Diezani Alison-Madueke looted funds?♀️
One objective user tried to look on the bright side of things
@megakidsnaija It’s a developmental move and it’s valid. The issue is funds shouldn’t be embezzled and hopefully, that also reduces the crime especially on Lagos-Ibadan. They can make it cashless though through POS or create a card system that people can load with credit like PHCN.
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