FG Mismanaged $500m Chinese Loan

Comrade Abdulrazak Saidu, the General Secretary of the Association of Nigeria Aviation Professional (ANAP), has alleged that that the recent $500 million loan secured from China for the construction of new terminals in the country were mismanaged by government. Speaking with journalists at the Lagos Airport over the weekend, Saidu insisted that the fund in which Nigeria had a counterpart funding of $100 million was grossly mismanaged by those in government. He recalled that the fund was secured for the construction of new terminals at Lagos, Abuja, Kano and Port Harcourt Airports in 2013 with completion date of 24 months, but wondered why none of the airport was yet to be completed almost 48 months later.

Saidu observed that the original master plans for Lagos and Abuja Airports were distorted by the construction of the terminals, stressing that such distortion indicated lack of adequate planning by the government. He said: “For example, the remodelling of Murtala Mohammed International Airport (MMIA) and the loan they took from China was mismanaged. The original master plan of MMIA and Nnamdi Azikwe Airport, Abuja were badly depleted. “The depletion has seriously affected the control towers of both airports. What justification or right do they have? They ought to have followed the original master plan of both airports before the construction of any new terminals.”

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Author: see naija

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