20 per cent of $30 billion loan meant for railways – Amaechi

Rail tracks connecting Abuja - Kaduna
Rail tracks used to illustrate the story

Over 20 per cent of the $30 billion that the Nigerian government plans to borrow would be used for construction of railways across the country, an official has said.

The Minister of Transportation, Rotimi Amaechi, stated this on Monday.

Mr. Amaechi urged Nigerians to appeal to the National Assembly to approve the federal government’s borrowing plan which the government has said would be used for infrastructure development.

The minister also spoke on some of the major projects of his ministry.

He said the Jos Inland Port is to be completed in June while contractors are back to site at Itakpe-Warri railway line.

He said his ministry has also received approval to purchase more locomotives for the Abuja-Kaduna rail service due to high patronage by users.

More details later…

Akwa Ibom advertD

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required

DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.