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Reactions trail funding rail modernisation projects with foreign loans

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It is now crystal clear that the federal government will continue to fund rail modernization and extension through foreign loans despite the huge debt burden already accrued.

Indications to this effect became rife as chairman, Senate Committee on Land Transport, Senator Adamu Aleiro, recently said negotiation for release of 85% loan by EXIM Bank of China for the completion of Ibadan-Kano…

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