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Azubogu Reiterates call to open Central, Eastern Railway Corridor;others*

..... Says  borrowing  to invest on Railway projects should be based  more on Economic Considerations than political consideration.

The Member Representing Nnewi North/Nnewi South/Ekwusigo Federal Constituency of Anambra State at the  Federal House of Representatives, *Engr. Chris Emeka Azubogu* made this  remark as part of his contributions during a  ministerial engagement  with the  Committee on Aids,  Loan and Debt Management in Abuja.

 
*The engagement  saw several Ministers that includes;  Finance, Works,Transport, FCT, Education, Agriculture etc coming in to engage the committee on loan utilisation .


Engr. Azubogu who had earlier during the parlay, stated that they should bear in mind that the loan is expected to be paid back and all hands must be on deck to ensure that it is properly utilised for developmental projects that will impact on the masses 


*"we should be mindful that this loan will be paid back and we should consider viable and more trade prone  Railway Corridors/routes  like Port Harcourt to Maiduguri axis etc  on a standard gauge*


The Deputy Chairman Aids, Loans and Debt Management, *Engr Azubogu* stated that we should prioritize  investments from the loans to projects and programmes that are viable with ability to pay back effortlessly 


*" Borrowing to invest on Railway projects should be more of Economic Considerations than Political, because it is only viable routes that can generate funds for the  repayment of loans" .*


The Federal Lawmaker reiterated that "the question is not borrowing, but how to  borrow and pay back without leaving a strain on our economic indices ? "


*The former Deputy Chairman of House Committee On Appropriation, Engr Azubogu who has moved three motions on Railway related issues especially on development of viable  routes that will open the economy, sued  for the  adoption of Economic based  considerations on investing the  borrowed funds .*


*"The ideal thing is to invest where you can make returns,then when you have generated funds from that such that you can repay effortlessly and still have so much more funds still available ,* you can then invest on projects  targeted at  political or other considerations .


*" For now, let Economic considerations guide our investment choices  now that we are borrowing to invest "* Azubogu said. 

Engr. Azubogu also stated that the Coastal to the  hinterland areas  will be more viable than Coastal to Coastal areas especially now that the country is borrowing to invest .


*The Anambra  born  proponent of  'Help Is Coming', Engr Azubogu later informed the press that his focus and contributions are targeted at projects that will trigger economic activities and create a  thriving economy for the country.*

He said that Central Corridor and Port Harcourt- Maiduguri railway routes on a standard gauge,will open up the entire Country's economic activities and reduce unemployment induced tension .


*#HelpIsComing*
*#AzuboguConversation*
*#BigIdeas*
*#RailwayDevelopment*
*#EconomicGrowth*



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