The Federal Government has approved 5.3 billion dollars for the Ibadan-Kano standard gauge rail project, Mr Rotimi Amaechi, the Minister of Transportation said.
The minister disclosed this in a statement issued on Thursday in Abuja by his media aide, Mr Israel Ibeleme after the 3rd Maritime Stakeholders Interactive Forum held in Lagos.
“Yesterday, we got approval to complete the 5.3billion dollar Ibadan to Kano rail project and we have also applied for funding to commence coastal rail for the Port-Harcourt to Warri segment.”
Amaechi explained that the minister of Transportation, State, Gbemisola Saraki, has been assigned the responsibilities of overseeing all the maritime agencies.
He will be focusing on the Railway sector.
“In my first term as Minister, I completely abandoned the maritime sector to the Heads of agencies.