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Buhari releases $318million for Lagos-Ibadan rail line

by Emerald Nigeria
June 12, 2020
in Economy
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President Muhammadu Buhari has released $318million dollars for the Lagos to Ibadan rail line.

Minister of Transportation, Rotimi Amaechi gave the figure in a tweet he released on Friday night.

Amaechi also said beside the $318million released by the federal government, the Nigerian partners in the railway construction have also released $1.6billion dollars for the project.

He said by October 2020, it is hoped that another $5.3billion dollars will be released to commence and complete the construction of Ibadan to Kano segment of the rail line.

READ HIS TWEET

“UPDATE: The President has released for this year – $318m and our partners – $1.6billion for the Lagos to Ibadan rail. We hope that by October they would approve $5.3b to the FGN to commence and complete construction of the Ibadan to Kano segment of the rail line. Happy Democracy Day!”

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Tags: AmaechiBuharirail line
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