Federal Government Secures New Financier For Kaduna-Kano Rail Project.
The Federal Government has approved the China Development Bank (CDB) as the new financier for the Kaduna-Kano rail modernisation project, paving the way for its completion.
The announcement was made by the Senate on 14 March, following the withdrawal of the China Exim Bank (CEB) in 2020, which cited the COVID-19 pandemic and other challenges as reasons for stepping away from the project.
The update was confirmed in a statement by Dada Olusegun, the Special Assistant to the President on Social Media, on Saturday.
Boost for Transportation and Economic Growth
The 203-kilometre standard-gauge railway is expected to significantly improve transportation between Kano and Abuja, enhancing economic activities along the corridor.
Before this development, President Bola Tinubu had assured Nigerians of his administration’s commitment to completing the Ibadan-Abuja-Kaduna-Kano railway project, continuing the railway expansion programme initiated under former President Muhammadu Buhari.
With this renewed funding, the long-awaited rail project is set to move forward, offering improved connectivity and economic benefits to the region.
