Amaechi says FG is investing massively in railways, seaports to boost Nigeria's economy

Amaechi says FG is investing massively in railways, seaports to boost Nigeria's economy

- Transport minister Amaechi has revealed why the FG is investing in railways and seaports

- According to the minister, the infrastructures are necessary to drive the country's economy

- Amaechi added that President Buhari is interested in the infrastructural development to facilitate productions

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The minister of transportation, Rotimi Amaechi has said the federal government’s focus on railway and seaport development is a necessity to drive the nation’s economy.

The Nation reported that Amaechi made this known on Sunday, September 20, at the virtual 15th Annual Kaleidoscope Global Business Conference hosted by the Consulate General of Nigeria in New York.

Amaechi says FG is investing massively in railways, seaports to boost Nigeria's economy
Amaechi says FG is investing massively in railways, seaports to boost Nigeria's economy. Photo source: nigeriadailynews.com
Source: Twitter

He said:

“Many Nigerians have asked why the construction of railways? Eighty per cent of the cargoes we have in Nigeria are mostly imported because the Nigerian economy is yet to generate enough production.

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“However, the president is of the view that if we must produce, we must have infrastructure that enables that production, hence the focus on transportation, power and works."

According to the minister, although the railway project had started before the administration of President Muhammadu Buhari, the nation’s seaports were not included in the design.

He said one of the first things the administration did was to rework the plan to link the rail network to seaports across the country.

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Earlier, Legit.ng reported that Amaechi said Nigeria needs loans to develop its infrastructure.

Amaechi made the statement on a programme on AIT when explaining that the loan contract signed with China does not cede the country’s sovereignty.

The minister faulted the claims that article 8(1) of the commercial loan agreement between Nigeria and the Export-Import Bank of China conceded Nigeria’s sovereignty to China in a loan agreement.

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In another report, the All Progressives Congress (APC) in the United Kingdom has given Nigerians an update of the Lagos-Ibadan railway projects that has been embarked upon by the federal government.

In a video posted on its verified and official Twitter page, the APC in the UK revealed, especially to detractors of the Buhari-led government, that the project is not a scam as some think.

In the brief video clip, it could be seen that the track network is already being tested with a state-of-the-art train that matches the international standard.

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Source: Legit

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