close
Thursday, June 10, 2021

Buhari defends Niger Republic rail project, says ‘I have family members there’

President Muhammadu Buhari has justified his regime’s decision to spend $1.9 billion on a rail project to the Niger Republic, saying he has family members there.

• June 10, 2021

President Muhammadu Buhari has justified his regime’s decision to spend $1.9 billion on a rail project to the Niger Republic, saying he has family members there.

Mr Buhari, while speaking during an exclusive interview broadcast on Arise TV explained that his regime’s decision to build rail lines from Kano to the country was to allow his Nigerien relatives easily have access to Nigeria.

“I have cousins, family members, etc., in Niger Republic. I shouldn’t just cut them off,” Mr Buhari said.

He also cited transportation of oil from the neighbouring country to Nigeria and job creation as other reasons for constructing the rail line.

Mr Buhari’s regime in January signed a Memorandum of Understanding with the construction firm, Mota-Engil Group, for the project, which was approved by the Federal Executive Council last September.

Mr Buhari was widely criticised for the project amid the country’s financial crisis.

Concerns were also raised as to why Nigeria will bear the cost of a project meant to boost bilateral trade between the two countries.

In defence, transport minister Rotimi Amaechi explained that the rail line, expected to travel through Kano, Kastina and Jigawa in Nigeria’s North-West to Maradi in the Niger Republic would enhance bilateral trade and position Nigeria as a commercial hub for Niger.

However, the Russian-based financial institution, Renaissance Capital (Rencap), described the Kano-Maradi railway project as a wasteful investment.

Charlie Robertson, the chief economist at the emerging markets investment firm, said the $1.9 billion standard gauge rail project designed to link Nigeria with Niger was unlikely to yield any profit.

More from Peoples Gazette

Buhari and IGP

NationWide

No government more committed to better policing than me: Buhari

“I have charged the Inspector General of Police to leave no stone unturned in rebuilding the morale of his officers and men.”

Biden, Buhari

Rights

‘Twitter ban has no place in democracy’, U.S. government officially responds to FG

“Freedom of expression and access to information both online and offline are foundational to prosperous and secure democratic societies.”

Nigerian trading floor

Economy

NGX maintains bullish run with 0.1% gain

However, the total volume of trades decreased by 12.8 per cent to 158.37 million shares valued at N2.24 billion exchanged in 3,330 deals.

buhari and pompeo

Faith

Buhari tolerating persecution of Christians: Ex-U.S. Secretary Mike Pompeo

Mr Pompeo says Nigerian government needs to account for not taking actions thereby allowing the stay of terrorist persist in the country.

Economy

CBN to launch own digital currency by year end: Official

The official said another reason the apex bank plans to come up with digital currency is to make remittances travel easier from abroad to Nigeria.

Showbiz

Berlin film festival finally underway

The Berlin film festival is one of the world’s major film festivals, along with Cannes and Venice.