Nigeria needs $11 billion for Lagos-Calabar rail project – Amaechi
Minister of Transportation, Rotimi Amaechi, has said the Lagos-Calabar rail task would cost Nigeria $11.1 billion.
The vehicle minister referenced that the national government was building the Kaduna-Kano rail line from the spending plan while as yet “arranging the credit for Ibadan to Kaduna on the grounds that the arrangement is Lagos to Kano.”
“Up until now, the central government has spread out plans for the development of Lagos-Calabar at $11.1 billion, Ibadan-kano at $5.3 billion for single track and Port Harcourt-Maiduguri at $3.02 billion for the recreation of thin measure,” said Mr Amaechi. “It reserved $12 to $13 billion for standard measure endorsed by the president with extra spikes, Abuja-Itakpe at $3.9 billion notwithstanding the focal line; and Lagos-Ibadan finished at $2 billion.”
In an assertion on Friday, Mr Amaechi added that rail projects were worked for financial development, not ethnic predispositions.
He distinguished “politicizing rail route” improvement as one of the significant difficulties upsetting the public authority’s work to invigorate the economy.
Talking as a visitor teacher at the Annual Public Lecture of the Department of Economics at the University of Lagos, the minister added that transportation was liable for driving countries’ economies.
“It is a vital component in driving the advancement of economies everywhere, and it makes opportunities for different areas; accordingly, you can’t make work in the event that you don’t make coordinations,” he further clarified. “Nigerians are excessively ethnically cognizant. You think first as your identity before you think as a Nigerian. Identity is coming down on the financial aspects of rail line development. What you hear is, ‘I’m a Yoruba man, I’m a Hausa man, I’m an Igbo man.”
Mr Amaechi brought up that “the Yoruba man is glad that we have done Lagos-Ibadan,” and the occasion “you do railroad up to Enugu, the Igbo man would be cheerful.”
“I consider it the politicization of rail line development. Rail route is fuelled by monetary exercises. It’s not fuelled by clan. What decides a rail route development is financial aspects, the number of huge loads of freight can be passed on,” the minister clarified. “Identity isn’t the best approach. The people who fan the ashes of identity are the individuals who were profiting from the public authority before yet are done profiting from the public authority.”
Mr Amaechi likewise said financing was one more test of rail line advancement as Nigerians continue to whine about credits.