Abuja-Kaduna Train Service: We Make N300M Every Month – Amaechi

The Minister of Transportation, Rotimi Amaechi says the Abuja-Kaduna train service generates N300 million every month.

Amaechi also said the Federal Government is making plans to add 16 more trains to the Lagos-Ibadan rail line.

He said, “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.”

Speaking on the debt accrued in the construction of the rail transport system, the minister said Nigeria is capable of paying back the debt, adding that repayment has commenced already.

“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 added that more developments coming to the rail sector would further boost the revenue generated by his ministry and support the FG in paying debts.