Speaking as a guest during a radio programme in Abuja on Tuesday, the minister said, “When I spoke I didn’t say the money ($36bn) was there. I was asked how much we would need to take the rail transport to various state capitals. I said that we would need about $36bn and that includes the two deep seaports that we want to construct, one in Bonny and the other in Warri.
“Don’t forget that all railway transport in Nigeria should terminate at the seaports and at the airports, if you must do a modular kind of transportation. And even if you have the $36bn, this current government cannot spend all that money to construct railways. What we are saying is that that is the projection for the construction.”
He added, “We are currently focusing on Lagos-Kano, which is about $8.3bn. We’ve got a loan from the China Exim Bank for $1.5bn to construct Lagos-Ibadan; we’ve completed the Kaduna-Abuja rail, and the three kinds of loans we are negotiating now, we hope to get them. But we are not sure if we will get them.
“However, we are negotiating Ibadan to Kano which is to terminate in Lagos-Ibadan, we are negotiating Lagos to Calabar and it is $11.17bn and covers the whole of the South-South and part of the South-East.”
Punch
“Don’t forget that all railway transport in Nigeria should terminate at the seaports and at the airports, if you must do a modular kind of transportation. And even if you have the $36bn, this current government cannot spend all that money to construct railways. What we are saying is that that is the projection for the construction.”
He added, “We are currently focusing on Lagos-Kano, which is about $8.3bn. We’ve got a loan from the China Exim Bank for $1.5bn to construct Lagos-Ibadan; we’ve completed the Kaduna-Abuja rail, and the three kinds of loans we are negotiating now, we hope to get them. But we are not sure if we will get them.
“However, we are negotiating Ibadan to Kano which is to terminate in Lagos-Ibadan, we are negotiating Lagos to Calabar and it is $11.17bn and covers the whole of the South-South and part of the South-East.”
Punch
Awon Ole.
ReplyDeleteThat money will resurrect all the dead federal roads in Nigeria.
ReplyDeletehahahaha na really awon ole. serious ole
ReplyDeleteNo be small thing....
ReplyDeleteOh.......okay
ReplyDeleteThis is coming from someone who couldn't finish a metre of monorail track after "allegedly" sinking millions of Naira into the project. If this was a well functioning country, this man should have been cooling off in jail by now. Now he wants to gulp more money.
ReplyDeleteI love Amaechi and will support him to the end. The only thing is that he should also try to empower southerners in his ministry. The director of procurement in his ministry is a northerner and its like the people from the south don't have a say there. Well, we have submitted our proposal and are watching keenly what will happen this time around. We made sure we assembled the best team with a lot of experience. We await eagerly! May God help us all in Jesus name. Amen!
ReplyDelete