The Minister of Transportation, Rt. Hon. Chibuike Amaechi, has said that the Abuja-Kaduna train service generates not less than three hundred million naira (N300,000,000) for the country on a monthly basis.
In a interview with Channels Television Amaechi said his ministry was beginning to contribute to the nation’s economic growth.
He said, “We make N300million per month from the Abuja-Kaduna train”.
“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.”
The Minister also said that the government was planning to put about 16 trains on the Lagos-Ibadan rail line, adding that this would increase revenue generation from that axis.
On the cost implications for developing the rail system, the minister said the country was capable of meeting its loan requirements.
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