Popular businessman and social commentator Isaac Fayose has expressed concerns over the condition of some government-funded infrastructure projects, alleging that Nigerians are still repaying loans for projects that have not delivered long-term value.

In a video that has gained attention online, Fayose questioned the outcome of the railway project financed through a Chinese loan during the administration of former President Muhammadu Buhari.

According to him, despite the substantial funds borrowed for the project, Nigerians continue to service the debt while the railway infrastructure has allegedly fallen into disrepair.

He also cited the country’s refineries, claiming that large sums were borrowed for their rehabilitation but that they remain non-functional despite ongoing loan repayments.

“Late President Buhari borrowed money from China for the railway line from Nigeria to Niger about eight or nine years ago. We are still paying for the loan, but the rail tracks are gone now.

“Same thing we did with our refineries. We borrowed a lot of money that Nigerians are still paying up till today, but our refineries are still down. This is what happens when we elect incompetent people because Rotimi Amaechi was in charge of railways back then. We have faults, and our government also has faults.” he stated.

His remarks have sparked further discussions on government borrowing, infrastructure management, and accountability in Nigeria.