Chinese loans: $400m project abandoned after completion - News Summed Up

Chinese loans: $400m project abandoned after completion


THE National Public Security Communication System project for which Nigeria took a $399.5million from China and has paid $76.83million as part of the principal as well as $84.92million interest has been abandoned, Nigerian Tribune can authoritatively report. However, it was hide and seek for the agencies directly linked with the National Public Security Communication System project on Tuesday as the Nigerian Tribune sought to get their views on the President’s comment that the project had been revived. “It is erroneous for anyone to call the project a CCTV project because the Video Surveillance System (VSS) is even less than 8 per cent of the project. “They had to power down the backbone for the communication system because government was not forthcoming in maintaining and operating the system. The National Public Security Communication System project was initiated during the administration of late President Umaru Musa Yar’ Adua to curb insecurity in Abuja and Lagos as well as their environs.


Source: Nigerian Tribune August 05, 2020 05:26 UTC



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