The Promise of Railway Transportation

StockMarketNigeria writes about the benefits of Railway Transportation:

The first phase of the Lagos-Kano railway line project is to cost $8.3 billion, of which $2 billion of the amount has already been obtained as a soft loan from the Chinese government. The numerous benefits of the project as announced by the president includes:

· Utilization of local raw materials as much as possible,

·Increase in traffic of goods and passengers around Nigeria,

· Retaining the top rating of important commercial cities like Lagos, Aba and Kano as key commodity-trading points in West Africa,

· And, reduction of road accidents in Nigeria