The Lagos-Ibadan railway project is expected to provide over half a million jobs in the South-western part of Nigeria, according to the Federal Government’s projection.
While speaking at the groundbreaking ceremony on Tuesday, 7th March, 2017, Acting President Yemi Osinbajo said the rail line is just one segment of the Lagos-Kano railway project, which is an integral part of the national rail project.
The professor also said the Lagos-Ibadan standard guage railway line will create 500,000 jobs.
He went ahead to reveal that President Muhammadu Buhari renegotiated the project with the Chinese in 2016 and that the railway will be ready in December 2018.
According to the Acting President, “If there is a project close to the heart of the president, it is this rail project he personally promised the people of this nation,” .
“Our appreciation goes to the Chinese government, who have always proven to be reliable partners with Nigeria. As some may be aware, we have the entire Lagos-Kano standard guage track, as well as the Lagos-Calabar railway track in the 2017 budget.
“Negotiations of the Kaduna-Kano portion of the track is now completed and this phase is next in line. We have already provided our portion of funding for the Lagos-Calabar route as well.
“We expect that negotiations for the foreign component of the funding will be finalised in the next few months. The Lagos-Calabar rail will come on stream.
“An active and vibrant railway system confers many benefits on society, and our ultimate goal is to restore the railway using culture for both commercial and personal travels.
“The national railway project will create up to half a million jobs, and facilitate the movement of over 3.2 tonnes of cargo per annum.”
See more photos from the event: