NIGERIA: Nigeria Needs $36bn to Connect all States by Rail –Transport Minister - CALIPHATE MEDIA

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Wednesday, 1 November 2017

NIGERIA: Nigeria Needs $36bn to Connect all States by Rail –Transport Minister



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                             01 November, 2017

The Minister of Transportation, Mr. Rotimi Amaechi, last week during an interactive radio programme in Abuja said that the $36bn being sought by the Federal Government for rail lines construction across the country would be used to connect virtually all state capitals in Nigeria by rail.
 The Minister said, “When I spoke I didn’t say the money ($36bn) was there. I was asked how much we would need to take the rail transport to various state capitals. I said that we would need about $36bn and that includes the two deep seaports that we want to construct, one in Bonny and the other in Warri.
“Don’t forget that all railway transport in Nigeria should terminate at the seaports and at the airports, if you must do a modular kind of transportation. And even if you have the $36bn, this current government cannot spend all that money to construct railways. What we are saying is that that is the projection for the construction.”

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According to the Minister, we are currently placing emphasis on Lagos-Kano which cost is about $8.3billion and also we have gotten a loan of $1.5billion from China Exim Bank to construct Lagos-Ibadan; we are currently negotiating on the Lagos-Calabar rail which will cost about $11.17billion which will cover the whole south south and part of the south-east.

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