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Home Business News

Kano-Niger rail line will service landlocked countries around Nigeria – Amaechi

William Ukpe by William Ukpe
October 2, 2020
in Business News
Amaechi proposes a capital budget of N205 billion for Ministry of Transportation in 2021, FG approves $3 billion Port Harcourt-Maiduguri railway and $462 million Bonny deep seaport, Banks to hold shipowners accountable for $200m CVFF disbursement. FG sets deadline for completion of Ibadan-Kano rail project, gives reason for delay 

Rotimi Amaechi

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The Minister of Transport, Rotimi Amaechi says that the Kano-Niger rail, is favorable to Nigeria as it would enable Nigeria to service landlocked West African nations through the movement of cargoes to Lagos and also make Nigeria compete with other coastal West African nations.

The Minister made this known in an interview with Arise TV on Thursday evening.

READ: Lagos-Ibadan railway will be completed on or before January 2021 – Rotimi Amaechi 

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People ask about the commercial benefits of the Kano – Maradi rail line. With that line we can compete favourably with other coastal countries of West Africa in servicing the landlocked countries around us in the area of movement of cargoes, to make the Lagos seaports very viable pic.twitter.com/rCBkSg2ObJ

— Chibuike R. Amaechi (@ChibuikeAmaechi) October 1, 2020

READ: China Development Bank, Sanwo-Olu sign $629m facility to complete Lekki Deep Seaport 

Nairametrics reported last week that the Federal Executive Council has approved the disbursement of $1.96 billion, for the railway line from Kano in Nigeria to Maradi in Niger Republic.

Mr. Amaechi said; “Most coastal economies are competing better than us, in terms of cargo, we decided to join the market and compete to make the Lagos seaport viable. Since they ( Niger republic) are not going to use the roads because they are afraid of crime, customs and police checkpoints, we introduced the Kano-Maradi line so that they can convey their goods from Maradi to Lagos seaport”.

READ: China Development Bank, Sanwo-Olu sign $629m facility to complete Lekki Deep Seaport 

The Minister added that the FG is looking forward to the approval of the Port Harcourt – Maiduguri rail line by the cabinet hopefully by next week. The Bonny Seaport is already approved by the President, while Lagos – Calabar is still on the table.

We are looking forward to the approval of the Port Harcourt – Maiduguri rail line by cabinet hopefully by next week, with the Bonny Seaport already approved by the President. Lagos – Calabar is still on the table. pic.twitter.com/NhQYnofSvQ

— Chibuike R. Amaechi (@ChibuikeAmaechi) October 1, 2020


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Tags: Business NewsFederal Executive CouncilNigeria Newsrail projectsRotimi Amaechi
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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