The
President Muhammadu Buhari-led Federal Government has released fund for
the construction of the Lagos-Ibadan modernization railway project.
Rotimi Amaechi
While speaking at the Second Presidential Business Forum which was
presided over by Vice-President, Yemi Osinbajo at the old Banquet Hall
of the Presidential Villa, Abuja on Monday, the Minister of
Transportation, Rotimi Amaechi, said that the Federal Government has
released its counterpart fund for the construction of the Lagos-Ibadan
mordernisation railway project.
According to Punch, the outspoken minister who put the figure at
N72billion, said that the counterpart funding was released in full so
that there will be no delay in the project implementation.
He also used the opportunity to appeal to the National Assembly to approve the $30bn foreign loan request.
He said, “The construction of Lagos-Ibadan Railway, the
Minister of Finance has been kind enough to release the counterpart
funding in full.
“I think in the history of Nigeria this is first time that we
are releasing counterpart funds in full so that there will be no delay
since the Chinese loan appears to have been approved.
“The only thing we need to do, I thank God there is somebody
from the National Assembly, is to plead with the National Assembly that
the funds has been approved, then the National Assembly should please
approve the $30bn loan.
“If you don’t encourage the National Assembly to make that
approval, then, the economy won’t be making the kind of progress we want
the economy to make.
“So, for me here, I will enjoin to persuade the National
Assembly to kindly make that approval because they are tied to
projects.”
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