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Ogun Signs MoU on Light Rail System

10 Apr 2013

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Ogun State Governor,  Senator Ibikunle Amosun

* Govt denies obtaining N85bn secret loan

By Sheriff Balogun

The Ogun State Government Tuesday signed a Memorandum of Understanding (MOU) on light rail mass transit with the China Civil Engineering Construction Company (CCECC) that would link major cities in the state as well as boost its economy.

This came as the state government last night debunked the allegations that it obtained a secret loan of N85 billion without legislative approval.

While signing the MOU in Abeokuta, the Ogun State capital, Amosun said there could be no development without putting the necessary infrastructures in place.

According to him, “we have been doing our best on roads but it is high time we paid attention to rail as well. We are starting the mass transit within Abeokuta metropolis. This will be extended to all our major towns including the Ado-Odo/Ota axis which will encompass all the border area with Lagos.”

He added: “Our first focus is intra-city rail mass transit, thereafter we will embark on linking the cities together. Within the next couple of years, you will begin to see the results of what we are trying to do to improve transportation of goods and services.”

Amosun said it was imperative to boost transportation in the state since its population is projected to rise significantly over the next couple of years.

In his remarks the Managing Director of CCECC, Mr. Cao Bao Gang, applauded the Amosun-led administration for its developmental vision for the state, pointing out that: “The project on completion will enhance the transportation system and contribute to the economic development of the Gateway State.”

Meanwhile, speaking when she appeared before the state House of Assembly Tuesday, the state’s Commissioner for Finance, Mrs. Kemi Adeosun said the claim is a plot by mischief makers who bent on distracting the Senator Ibikunle Amosun government from moving on with its unprecedented transformation programme.

These mischief makers, who she said are dazed by the development so far recorded  by the present administration in less than two years in office, have launched an orchestrated campaign of calumny against the government by mis-informing the people.

"Beautiful thing about number is that it is verifiable. We have only borrowed N27billion for capital projects that you and I can see in 20 years  time,” Adeosun said.

She stressed that Governor Amosun, as a fellow and herself a member of Institute  of Chartered Accountants of Nigeria (ICAN) cannot indulge in shady financial transaction, adding that the government has indeed in the last 22 months  embarked on a financial re-engineering by blocking revenue leakages and encouraging residents to pay their tax.

The commissioner noted that this effort has yielded positive results as the state's Internally Generated Revenue (IGR) rose from the N750million being generated by the previous administration to N3billion annually.

Also according to her, this has built up the confidence of contractors and banks  who have since been supporting and partnering with the government in the execution of its programmes across the state.

Adeosun denied that the state government has incurred huge debts and assured that by the time the administration ends its tenure, it will hand over a debt-free state with tremendous transformation.

Tags: News, Nigeria, Featured, CCECC

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