$2bn Needed to Revive Lagos-Kano Rail Line – Osinbajo

Enterprise Television- $2bn Needed to Revive Lagos-Kano Rail Line – Osinbajo

Nigeria’s Vice-President Yemi Osinbajo on Wednesday said Nigeria would need $2bn (N610bn) to revive the Lagos-Kano rail line as part of efforts to boost local and international trade along the northern and southern zones.

Osinbajo, who spoke at the opening of the inaugural edition of the Lagos-Kano Economic and Investment Summit in Epe, Lagos, said the Federal Government, in partnership with a private firm, General Electric, was proposing to invest in the project to enhance the movement of cargoes from Apapa ports to Kano by rail.

He expressed optimism that the collaboration between Lagos and Kano states would open up the investment opportunities in both states to local and international investors

Osinbajo stated, “I believe that Lagos and Kano states have, by this collaboration, underscored the cornerstone of the Federal Government’s Economic Recovery and Growth Plan; namely the leveraging of synergies among states and between the government and the private sector

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