6 Ways Buhari’s Rail Project Will Benefit Nigeria And You
By Wale Champion
The Federal government of Nigeria, in partnership with the Chinese government have swung into action to restore rail transportation across several states in Nigeria. The most critical, according to the Buhari-led government is the Lagos-Kano link as well as Lagos-Calabar, among others.
Acting President, Yemi Osinbajo, at the ground breaking event in Lagos, recently, listed six ways the project being handled by a Chinese construction company will benefit the people of Nigeria and the nation as a whole.
- Boost Economic Activities: The project will improve links between Lagos which is the national economic nerve centre and major ports to other state capitals and towns across the country. This in return will boost economic activities in the country and improve the nation’s Gross Domestic Product (GDP)
- Fast track Economic Recovery: The project which underscores a critical infrastructural development in Nigeria is expected to enhance quick economic recovery and growth for the most populous black nation in Africa.
- Job Creation: The FG says it is confident that the national rail project will create up to half a million jobs and facilitate the movement of over 3.2 million tonnes of cargo per annum.
- Improves Safety of lives and Properties: The ongoing massive investment in rail infrastructure across Nigeria will reduce the burden on national highways, thus reducing the deterioration of the road network and increasing the lifespan of the nation’s roads. Besides, it will save precious lives and goods being wasted daily on our roads as a result of bad roads.
- Reduce Cost of Doing Business: An efficient rail system will help reduce freight cost; the railway network will support efforts to diversify the economy and enhance Nigeria’s export potential.
- Boost to Economic Activities along railway lines: Just as several of Nigerian cities are being known as railway towns in the past, a boost to economic activities along the railway lines are expected. This is also expected to eventually cut across the entire country with its multiplier effects on both micro and macro economies.