“We need between $36 billion and $40 billion to fund all on-going rail projects, only God knows where we are going to get it” Rotimi Amaechi says.
Minister of Transportation, Rotimi Amaechi, says the Federal Government would require between $36 billion to $40 billion to finance all the railway projects it is currently embarking on in the country. Amaechi disclosed this on the sidelines of the commissioning of 10 railway coaches and two locomotives at Rigasa Station, Kaduna State. According to him, only God knows where the government will source for the funds.
“We need between $36 billion and $40 billion. Only God knows where we are going to get it. But I may apply what I did as Rivers State governor. When there is a project, we put on the table how much we have. We will just award the contract, believing that God will do it for us. You will say that it is naive but at the end of the day we got money to pay the contractors. Government will also focus on Kano-Kazure, Daura, Katsina, Jibya and link Maradi in Niger Republic, as part of regional railway inter-connectivity of the ECOWAS sub-region” he said