The Federal Government says scarcity of funds is reason for delays in completing some major projects, including railways, across the country on the.
Speaking in an interview with Guardian, the Minister for Transportation, Rotimi Amaechi, said the Chinese have stopped funding Nigerian government projects and that this has forced the Federal government to start looking for loans in Europe to complete existing jobs.?
“We are stuck with lots of our projects because we cannot get money. The Chinese are no longer funding. So, we are now pursuing money in Europe. And when I look at the money they are borrowing in other countries and I compare with the one we have borrowed, the kind of comments by Nigerians will put you off,” he said?
The minister, however, noted that the Abuja-Itakpe railway, which will link the existing Itakpe-Delta rail line, is underway. He said the link rail would have been completed but for misunderstanding with a Chinese contractor. He assured that once the issues surrounding the project are resolved, work would begin on the route.?