Abuja-Kaduna rail service generates N300m monthly, Amaechi discloses

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The Minister of transportation, Rotimi Amaechi has disclosed that the Abuja-Kaduna train service generates at least N300 million every month.

Amaechi said this during an interview on Channels Television’s ‘Hard Copy’.

The Minister revealed that the federal government is making plans to add 16 more trains to the Lagos-Ibadan rail line to increase revenue from the axis.

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.”

“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 added.