Rotimi Amaechi, minister of transportation, says the
Abuja-Kaduna train service generates at least N300 million every month.
Speaking on Saturday as a guest on Channels Television’s
‘Hard Copy’, Amaechi said his ministry is beginning to contribute to the nation’s
economic growth.
According to the minister, the federal government is also
making plans to add 16 more trains to the Lagos-Ibadan rail line, adding that
this will increase revenue generation from that axis.
“We make N300 million per month from the Abuja-Kaduna
train,” he said.
“Currently, we are
running Lagos-Ibadan from the money we are making from Abuja-Kaduna rail
service.”
The minister also said the country is capable of meeting its
loan requirements in relation to funds used in developing the rail service.
Speaking on the debt accrued in the course of developing the
rail transport system, the minister expressed confidence that Nigeria has the
capacity to pay back and that the nation has commenced repayment.
“Nigeria has the
capacity to pay its loan. Out of $500 million President Goodluck Jonathan
borrowed for Abuja-Kaduna rail project, at the end of the day, we have paid
back over N100 million to the federal government,” he said.
He also said more developments are coming to the rail sector
which will further boost the revenue generated by the ministry, and support the
federal government in settling its debts.
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