Transportation Minister, Amaechi Explained That Abuja-Kaduna Rail Service Earn N300m Each Month.
The Abuja-Kaduna railway service, according to Minister of Transportation Rotimi Amaechi, makes at least N300 million each month.
During an interview,’ Amaechi confirmed this. The Minister stated that the federal government is planning to add 16 additional trains to the Lagos-Ibadan rail line to increase revenue from the axis, revealing that the ministry is currently generating revenue for the country’s progress.
“We make N300 million per month from the Abuja-Kaduna train.
“Currently, we are running Lagos-Ibadan from the money we are making from Abuja-Kaduna rail service.”
Amaechi expressed confidence in the country’s ability to repay loans used to fund rail transportation, and said that additional developments in the rail industry are on the way, which will boost the ministry’s earnings and help the federal government return its obligations.
“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.”