Lagos-Ibadan Rail Could Provide 7000 Jobs
More jobs are on the way, thanks to the new standard gauge railway being built by the federal government from Lagos to Ibadan.
The Chairman, Senate Committee on Land Transport, Gbenga Asafa says the ongoing Lagos-Ibadan railway project would create thousands of jobs for the nation's jobless youths.
“We are confident that the Lagos to Kano and Calabar to Lagos railway modernisation projects would in no small way reinvigorate Nigeria’s economy through creation of about 7000 jobs.
“On our part as senators holding the mandate of our constituents, we are totally committed to assisting the executive arm in the actualisation of every developmental project within our purview,” Ashafa said during the oversight visit to the Nigerian Railway Corporation, NRC headquarters in Lagos.
The senator said the visit is to assist the committee on Local and Foreign Debt assess the project implementation plan for the recently approved loan request by the Federal Government from the China Exim Bank.
According to him, the loan is to be accessed for the purpose of completing various railway rehabilitation and construction projects across the country.
"The focus of this visit is to immediately set in perspective of our commitment to ensuring a high level of accountability in public expenditure.
"As such, the bulk of this joint committee’s work lies particularly in the areas that concern activities of the Ministry of Transport and all relevant stakeholders in the expenditure of the loan.
"As requested, the sum of 5.851 billion dollars being the total approved loan would be expended on modernisation of Lagos to Kano, Lagos to Ibadan and Calabar to Lagos segments,” he said.