'FG requires $166bn to meet Nigeria’s Transport And Energy needs' says Amaechi

Minister of Transportation, Rotimi Amaechi says Federal Government requires a total of $166 billion in the next five years to meet the country’s energy and transport infrastructure needs. Amaechi gave the figure while speaking at a public hearing in the House of Representatives on a Bill for an Act to Repeal the Nigerian Railway Corporation Act yesterday May 23rd.

Amaechi revealed that the Federal Government and General Electric had concluded arrangements for the commercialization of the Lagos-Kano railway project.