Daily Nigerian
The governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, said The Federal Government will toll the Lagos-Ibadan Expressway, the ongoing 2nd Niger Bridge, and other roads to repay loans used in building them.
“All of the roads will be tolled. And we know that in many other countries in the world, roads are tolled because those projects are commercially viable,”
“They (loan) can be refunded with tolls so that maintenance can be done on a regular basis, and people will pay for it and enjoy good roads, and enjoy good facilities because that is the only way we can fund the infrastructure of this country, which is the large amount of money that is needed.”
Mr Emefiele said that N1 trillion of the N15 trillion equity for InfraCo was being contributed by the CBN, African Finance Corporation, and Nigerian Sovereign Investment Authority, adding that the remaining N14 trillion would be accessed from the debt market.
He said the Federal Government had approached CBN to provide some kind of bridge funding which is almost about N170 billion which was provided for those projects to move on with funding…
