…the federal government will source the fund “from mostly Europe”.
Nigerian Minister of Transportation, Rotimi Amaechi, has said he could not answer the repayment plan for the cost of the rail project from Nigeria to the Niger Republic.
Amaechi stated this when he appeared on Channels TV’s Sunday Politics.
The Kano-Maradi (Niger Republic) rail line has been a subject on controversy since the project was announced last year.
Amaechi, a former governor of Rivers State, confirmed the project will cost $1.9bn.
He disclosed that the federal government will source the fund “from mostly Europe”.
Asked to explain how Nigeria will refund and the time frame, Amaechi said only the Ministry of Finance has the answers.
“The problem I have is that most Nigerians are not able to distinguish between the Ministry of Transport and Ministry of Finance.
“That is the responsibility of the Ministry of Finance; when we’ll pay, what the terms are. That question can be directed to the Minister of Finance.
“For us in Transportation, our job is to work with the Ministry of Finance, procure the loan and commence construction”, he stated.