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Coup: $2bn Nigeria-Niger Mega Rail Project threatened

PeoplesMind by PeoplesMind
2 years ago
in Business, News, Trending
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The Nigeria-Niger Republic railway project may be at risk after the rupture of the diplomatic ties between Nigeria and Niger following the July 26 coup in which President Muhammed Bazoum was ousted from office by military officers led by Gen. Abdourahmane Tchiani.

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This came as over 1,000 trucks conveying goods worth over N350m to Nigeria other West African nations have remained trapped at the borders for over one week following the closure of the respective gateways to the two neighbouring countries.
The Federal Government and the Nigerien junta had ordered the immediate closure of all land borders between the two countries after the political development in the landlocked country.
In 2021, the Federal Government revealed its plan to construct a 284km rail line to the Niger Republic.
According to the former minister of transport, Rotimi Amaechi, the project will cost the country about $2bn and would be funded by Nigeria through loans from external sources.
Earlier in March, the Muhammadu Buhari administration agreed to release an additional N454bn in public funds to continue the construction of the Kano-Niger Railway and other capital projects.
The 248-kilometre rail line will connect Kano to other cities such as Kazaure in Bauchi State, Daura and Mashi in Katsina state, Dutse in Jigawa state, and the border town of Jibia before terminating in Maradi, Niger Republic’s trade and agricultural hub.
The line has 15 stations along its route and is expected to carry 9,364 passengers and 3000 metric tonnes of cargo per day.
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