Abuja-Kaduna Train Services Generates N300m Monthly- Ameachi
The Minister of Transportation, Rotimi Amaechi, has said that the Abuja-Kaduna train service generates at least three hundred million naira (N300,000,000) for the country every month.
Amaechi who was a former governor of Rivers State, further disclosed that the government is planning to put about 16 trains on the Lagos-Ibadan rail line, stressing that this will increase revenue generation from that axis.
Speaking as a guest on Channels Television’s Hard Copy,as monitored by our correspondent, Ameachi said the Federal Ministry of Transportation is beginning to contribute to the nation’s economic growth.
According to Mr Amaechi, work on the Kano-Maradi line and Port Harcourt-Maiduguri rails are expected to commence by the end of January.
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He disclosed that more developments are coming to the rail sector which will further boost the revenue generated by the ministry and as such aid the government in settling its debts.
When questioned about the cost implications for developments experienced on the rail system, the minister said the country is capable of meeting its loan requirements.
He added that “currently, we are running Lagos-Ibadan from the money we are making from Abuja-Kaduna rail service, at the end of the day, we pay back over N100million to the federal government.”
Speaking further about the debts accrued in the course of developing the rail transport system, the minister expressed confidence that “Nigeria has the capacity to pay back” adding that the nation has commenced repayments.
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