President Buhari’s economic policy on rail transport management in Nigeria to some extent is not moving towards the right direction. Although President Buhari’s initiative to put rail lane across the country (Nigeria) is a good one but what is not so good at the moment is that the money borrowed from China and other sources to execute these projects are being put in areas where huge profits for the country (Nigeria) would not be made. Now hear our (Viewers Corner News team) point; there is nothing wrong building rail from Kano to Niger Republic but the issue is that the turnover after spending billions of dollars to have such project running would take a very long time when compared to, if such project is to be built in business areas of the country (Nigeria). We (Viewers Corner News team) expected that the federal government of Nigeria should have done their home work properly before building such project in any part of the country which they choose to build their rail lane. Normally such rail business should be about income generation for the country (Nigeria) because it is capital intensive. Again, Kano (Nigeria) to Niger Republic rail lane may not bring much revenue to the country which makes it an economic liability because the borrowed money would have to be paid and any country of the world that borrows money to finance any project should be able to start realising money from her investment to be able to pay back her loans. The federal government of Nigeria is trying but their economic policies are not moving in the right direction like we (Viewers Corner News team) observed. Based on this, we (Viewers Corner News team) are appealing to President Buhari and his government to identify areas of great values in terms of income generation to the country (Nigeria) and invest more on those areas, in no time the country (Nigeria) would begin to get gains from their investments. Do not borrow money to invest in areas that are not viable like we are seeing today in Nigeria because at the end, the country (Nigeria) may not be able to pay back her loan. Meaning that such wrong investment may lead to devaluation of currency and hardship to the people of the country (Nigeria). We (Viewers Corner News team) shall write more on this topic in our next article.
Source: Viewers Corner News.