
FG Seeks Another $5.3bn Loan From China To Fund Rail Project
LAGOS AUGUST 17TH (NEWSRANGERS)-Minister of Transportation, Rotimi Amaechi, has said the Federal Government would require about $5.3 billion loan from China to fund the Ibadan-Kano standard gauge rail project. Amaechi disclosed this over the weekend after inspecting the Lagos-Ibadan rail project, saying the Ibadan-Kano rail project would take-off once the loan was received. “We are waiting…