President Muhammadu Buhari has approved that negotiation should be carried out for 15 billion dollars loan for the completion of work on the Port Harcourt – Maiduguri rail project.
Minister of Transportation, Rotimi Amaechi, made this known when he briefed State House correspondents after a closed door meeting with President Buhari at the Presidential Villa, Abuja, on Tuesday.

According to him, Buhari has also given the approval for negotiations of funds for the execution of Lagos – Calabar rail project to ensure its speedy completion.
“Don’t forget that the Lagos-Calabar project is yet to start because of funds; the Port Harcourt – Maiduguri is yet to start because of funds, but the President has approved that we negotiate for funds.
“We are almost concluding negotiations for the Port Harcourt – Maiduguri. We are looking at the cost – is in the neighbourhood of between 14 billion and 15 billion dollars.’’
He disclosed that laying of tracks on the Lagos-Ibadan route would commence next month, and expressed the hope that the project would provide a lot of job opportunities to Nigerians.