FG needs N12.24trn to connect Nigeria cities by rail - Amaechi

FG needs N12.24trn to connect Nigeria cities by rail - Amaechi

- Rotimi Amaechi said the government will need N12.24trn to connect major Nigerian cities by rail

- The minister of transportation urged Nigerians to be patient with the government

- Amaechi said the private sector is also welcomed to participate

The minister of transportation, Rotimi Amaechi has said that the federal government will need about $40bn investments, representing about N12.24trn to connect major Nigerian cities by rail.

Daily Trust reports that the minister said this in Ibadan, Oyo state during his routine inspection of the 156km Lagos to Ibadan double gauge rail project under construction.

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Amaechi urged Nigerians to be patient saying the project requires huge financial demand and that it will be done as resources are available.

He said the amount needed is about 150 percent of the 2019 budget estimate but that the government is open to private investors willing to invest in Nigeria’s railways.

He said: “I tell Nigerians, everybody has to be patient because we need between $36 to $40bn to be able to do that connectivity.”

On the lingering coastal rail he said “we have not gotten money. We are even still looking for money for Lagos to Kano. I come from South-South and I am emotionally attached to that project but it is unfortunate that we have not gotten money. It was awarded under President Jonathan and President Obasanjo. The directive of the President is that we should do everything possible to get the inter-connectivity of the tracks.”

Legit.ng had reported that Amaechi says the federal government will ensure due process in the construction of the Ibadan Inland Dry Port. He made the pledge during an inspection tour of the site located at Olorisa-Oko village in Moniya area of Ibadan.

The News Agency of Nigeria (NAN) reports that the minister in company with Hassan Bello, the executive secretary of Nigeria Shippers Council, were received by the Oyo state deputy governor, Moses Adeyemo.

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Source: Legit

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