Fashola Blast Obasanjo over $12bn loan

Minister of Works and Housing, Babatunde Fashola, has goddamned former President, Olusegun Obasanjo, for being part chargeable for the weak infrastructural base in African country.

Fashola, speaking on Channels tv, claimed Obasanjo ought to have endowed in capital comes across the country, rather than paying off external debts.\

According to the Minister, if he had the $12 billion just like the Olusegun Obasanjo government in 2005, he would have engineered rails and additional roads.

In 2005/2006, the Paris Club wrote off $18 billion of the $30 billion African country owed the corporate trust once months of negotiations.

Fashola same that instead of deploy the funds providentially, the Obasanjo government determined to pay the country’s creditors to the impairment of the country.

According to him, that's why African country has gone to borrowing.

“At just the once during this country, in 2005, we have a tendency to had $12 billion. At that point, these roads were unhealthy. At that point there was no rail. however what did we have a tendency to do as a matter of state policy, it had been simply to pay creditors to our own impairment.

I will solely imagine if I had the chance then with $12 billion in my hand, we might have engineered rails and roads. What this government is handling, that i'm chargeable for, is that the infrastructure which will be enduring,” Fashola same.