Breaking News

Friday, 20 October 2017

Presidency Order The Construction Of Rail to 36 state Capitals


Presidency Order The Construction Of Rail to 36 state Capitals

President Muhammadu Buhari has given the directive that all the 36 state capitals should be connected with rail in the ongoing railway projects.

We merit less-swarmed mentors, quicker trains' The Minister of Transportation, Mr, Chibuike Amaechi, said this on Thursday at the meeting with the Chairman Senate Committee on Local and Foreign Debts, Sen. Shehu Sani.

The meeting additionally went to by the Ministers of Finance; Budget and National Planning; and Power, Works and Housing was regarding President Buhari's advance demand of 5.5 billion dollars.

Amaechi said the focal rail line project interfacing several communities of northern and southern Nigeria would be completed in June, next year.

He also said that, 17 coaches are expected to arrive in November and out of the number, 10 will be moved to Abuja-Kaduna rail line while the remaining seven will be deployed to the Itakpe-Warri rail line.

Amaechi said that part of the money being requested now for endorsement by the senate was to execute the rail projects covering Kano-Kaduna, and Lagos-Ibadan networks.

Sani said that, the committee has the mandate to inspect the benefits and otherwise of the current loan request of 5.5 billion dollars of the president.

If we must bequeath to the future generation a pile of debt, it must be justified with commensurate infrastructural proof of the value of the debt.

The payment plan of this debt will undoubtedly last the length of our lifetimes and possibly beyond. “We must leave behind a legacy that will appease and answer the questions the next generation of Nigerians will ask.

Likewise giving understanding into the loan request, the Director-General, Debt Management Office, Mrs Patience Oniha, explained that the loans have sustainable benefits that would live beyond the present generation of Nigerians.