President Buhari has urged the Ministry of Finance to appropriately account for he foreign loans aimed at the rail projects but used for other purposes.
It was gathered by Premium Times that the president called for the explanation when he spoke at the Presidential vVlla after the presentation of the Ministry of Transport.
In his lamentation over diversion of loans from one project to another, he unveiled:
“I hope that due process was followed before such diversions were carried out. Taking money from one project to another has to be done properly.”
The permanent secretary, who briefed the president, said that only $400million of that sum remained with the Ministry of Finance.
Buhari expressed disappointment that such situations led to many projects having been left either uncompleted or abandoned. He further stressed the importance of prioritizing the ongoing projects in the transportation sector.
In another development Nigeria’s number one politician on Monday addresssed the country elite urging its representatives to “wake up” and help Nigeria deal with its economic challenges.
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