Economy

Millions of Nigerians Will Soon Prefer to Travel by Train; Says Transport Minister

The minister of transportation, Muazu Sambo has disclosed that with the level of standardisation and the work progress going on in the Nigerian rail system, millions of Nigerians will soon prefer to travel by train. 

The minister who was on a courtesy visit to the railway headquarters in Lagos yesterday said that the present administration has done a lot to revive and restructure the rail system in the country. 

Muazu, who was appointed a few months ago also acknowledged his predecessor, Rotimi Amechi for doing so much to turn the narration of the rail system around. 

 “My gratitude goes to my predecessor for all he has done while in office. Even his enemies admitted to his commitment towards achieving success in the rail sector,” he said. 

He added that if the next administration continues the investment in the rail sectors, the progress will be noteworthy with the potential to transport millions of Nigerians from one state to the other. 

Investors King understands that Nigeria’s rail transportation has witnessed unprecedented growth in the last few years. 

Some of the completed rail networks include the Kaduna to Abuja rail which was completed in 2016 while the Lagos to Ibadan and Warri to Itakpe in Delta State which were both completed in 2021.

Similarly, there are a number of rail networks that are under construction. Such include Lagos to Kano, Port Harcourt-Maiduguri, and Kaduna to Kano.

Meanwhile, the federal government has stated that it will need to access more credit facilities to finance the ongoing rail projects across the country. 

The minister of transportation noted that the federal government plans to borrow from China, Portugal, and Turkey to complete the ongoing rail projects. 

Muazu who appeared before a joint committee of the National Assembly stated that “adequate funds need to be provided in the 2023 budget to facilitate the practical completion of the projects”. 

He thereafter added that the Kaduna to Abuna train service which was suspended due to a terrorist attack will resume operation this November. 

Investors King

Share
Published by
Investors King

Recent Posts

N1.3bn Fraud Allegation: Court Orders Arrest of Dana Air MD For Not Showing Up For Arraignment

A Federal High Court in Abuja has ordered the arrest of the Managing Director of…

5 hours ago

Nigerians To Enjoy 85% Discount On Groceries, Phones, Home Appliances, Others As Konga Begins Yakata Black Friday Sale

Consumers in Nigeria now have opportunity to get 85 percent discount on products of their…

5 hours ago

Nigeria Partners with ECOWAS and Morocco to Launch $26B African Gas Pipeline

The Nigerian government, in partnership with the Economic Community of West African States (ECOWAS), Morocco,…

5 hours ago

Naira Falls to N1,676.90/$1 at Official Market, Slides to N1,708.87/$1 at Alternative Window

The Naira depreciated at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by 0.61 percent and…

7 hours ago

President Tinubu Orders Release of Minors Prosecuted for #BadGovernance Protests

Following a recent viral video on the X app regarding the prosecution of minors who…

10 hours ago

Nigerian Army Seizes 700,000 Liters of Stolen Petroleum in Sweeping Raid Across Four States

In a series of raids across Rivers, Bayelsa, Akwa Ibom, and Delta states, troops from…

10 hours ago