It’s Better to Borrow for Infrastructure So That We’ll Have Something to See — Akpabio Backs Tinubu’s $516M Loan Plan

Senate President Godswill Akpabio and another lawmaker have backed President Bola Ahmed Tinubu’s plan to secure fresh loans for infrastructure, describing it as necessary amid current economic challenges.

Speaking during deliberations, Akpabio said, “In these difficult times, when we don’t really have money, it is better to borrow for projects… better to borrow for infrastructure so that at the end of the day, we’ll have something to see.” He added that repayment could be tied to the economic value generated by such projects.

In a separate contribution, another senator urged the committee on local and foreign debts to fast-track its review and return the proposal for swift approval, citing the urgency of infrastructure development nationwide.

The lawmaker also praised the long-anticipated Sokoto–Lagos highway project, noting it had remained on the drawing board for over 55 years but is now becoming a reality. “I have inspected the project and I have seen progress and I’m highly impressed with what I saw,” he said.

He explained that the road is being constructed with concrete rather than asphalt and fitted with solar-powered streetlights. According to him, more than 45 kilometers have been completed, with over 250 kilometers passing through Kebbi State and extending across Niger State, Kwara State, Oyo State, Ogun State and Lagos State, starting from Ilela in Sokoto State.

Highlighting its impact, he said the highway would significantly reduce travel time, stating, “In less than six hours from Sokoto, you can reach Lagos instead of spending close to about 13 hours.”

Both lawmakers urged swift legislative approval once the committee submits its report, describing the project as a transformative development for multiple regions of the country.Continue Your, Reading. .