Skip to content
July 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • President Buhari’s rail projects makes economic sense, Lagos-Kano, Port Harcourt-Maiduguri most significant – Amaechi
  • National News

President Buhari’s rail projects makes economic sense, Lagos-Kano, Port Harcourt-Maiduguri most significant – Amaechi

Admin March 14, 2021
regulatory authority

Rotimi Amaechi

Minister of Transportation Rotimi Amaechi says President Muhammadu Buhari’s major aim for investing in rail construction all over the country is to create employment for Nigerian youths.
Amaechi, who stated this on Sunday in a statement by his Media aide, Mrs. Taiye Elebiyo-Edeni, said that all the ongoing projects would contribute to the GDP of the country because they make economic sense.
According to him, the Eastern rail line when it commences will generate between 20,000 and 50,000 jobs aside businesses that will open up along the rail corridor.
“Let us look at the economic benefits, in the course of doing the viability of this project, that is when I discovered that there are so much natural resources on that track, iron ore all over the North East,  there is Coal between Benue and Enugu.
“What this does is that it provides logistics for the movement of such natural resources or value addition. You have access to the sea through a cheap means of Transportation, in the cause of the construction of the rail line from Abuja to Maiduguri is about 1000 km.
“The minimum I expect they can employ is between 20,000 and 50,000 workers, if we must achieve it and at the conclusion of construction, imagine how many number of workers will be employed at the industrial park at the seaport.
“The essence of the President’s investment in the project is to create employment, he hopes that we are able to grow the economy of Nigeria through Transportation,  create employment in the cause of these infrastructure.
“And at the end of the construction,  we expect those who do businesses in Nigeria to be able to acquire land and site industries along the rail corridor,” Amaechi said.
He said that the most significant rail projects were the Lagos-Kano because it moves 30 million   tonnes of cargo per year and the Port Harcourt-Maiduguri route is expected to move about 11million tonnes of cargo when completed.
Speaking on complaints on the fare for Lagos-Ibadan rail corridor, Amaechi stated that rail services was not meant for passengers alone, that cargoes were  most important.
He  said that the ministry was working on getting funding for Lagos-Calabar, which will commence once there is fund.
Amaechi, however, said that the target of the Ministry of Transportation was to complete the construction of all infrastructure that are of economic benefit to the country at the short and long term. (NAN)
  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Rotimi Amaechi Taiye Elebiyo-Edeni

Post navigation

Previous One suspect arrested over killing of retired DIG’s wife in Benue
Next LASG urges terminal operators to support interventions to end traffic gridlock in Apapa

Related Stories

JAC ratifies Oborevwori’s Grade Level 17 career progression for Delta primary school teachers
  • National News

JAC ratifies Oborevwori’s Grade Level 17 career progression for Delta primary school teachers

July 30, 2026
Police arrests Osun SSG, 5 others over alleged vote buying Police
  • National News

Police arrests Osun SSG, 5 others over alleged vote buying

July 29, 2026
DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram
  • National News

DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram

July 29, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

The ‘agbo’ trap: How herbal concoctions scar your liver, by Abujah Racheal 
  • Features

The ‘agbo’ trap: How herbal concoctions scar your liver, by Abujah Racheal 

July 30, 2026
Recapitalised banks and access to credit, by Arize Nwobu
  • Business & Economy

Recapitalised banks and access to credit, by Arize Nwobu

July 30, 2026
JAC ratifies Oborevwori’s Grade Level 17 career progression for Delta primary school teachers
  • National News

JAC ratifies Oborevwori’s Grade Level 17 career progression for Delta primary school teachers

July 30, 2026
Osun Polls: 86 Accord Party members arrested, detained in Keffi, Kuje prisons – Adeleke Campaign Council, CP says he’s not aware
  • Politics

Osun Polls: 86 Accord Party members arrested, detained in Keffi, Kuje prisons – Adeleke Campaign Council, CP says he’s not aware

July 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.