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Work may slow down on Kano-Kaduna rail project as Chinese is no longer funding us like before, says Amaechi
Rotimi Amaechi, minister of transportation, says lack of adequate funding may slow down the pace of work and completion of the Kano-Kaduna railway project.
The minister made this known while inspecting work on the project in Kano on Friday.
According to NAN, he told journalists that the country is grappling with some financial challenges due to the economic downturn.
“I have never denied that we are having financial challenges, and that is because of economic downturn,” Amaechi said.
“The Chinese are not funding the way they used to fund us, and up till now, we are yet to conclude the loan for this project. So we are funding this project from the budget.
“That is why I doubt the completion and said if funding is available. However, we are putting pressure on all the necessary institutions that need to give us money.
“But currently, we fund it through the budget, we will approach the Ministry of Finance again to fund us within this period.”
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
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