Acting President, Professor Yemi Osinbajo, commissioned the construction of the Lagos-Ibadan railway line on the 7th of March, 2017.
Osinbajo promised that the railway project would provide up to 500,000 job opportunities for the nation’s teeming unemployed population.
An active and vibrant railway system confers many benefits on the society. Our ultimate goal is to restore a railway using culture for both commercial and personal transportation. We are confident that the national rail project will create up to half a million jobs and facilitate the movement of up to 3.2 million tonnes of cargo per annum. The Federal government has released ₦72 billion counterpart funding towards the execution of the project.
It will also reduce the burden on national high ways, thus reducing deterioration of the road networks and increasing the life span of our roads. Railway network will support efforts to diversify the economy and enhance our export potentials. Just as several of our cities became known as railway towns in the past we expect to boost economic activities within the railway lines that will eventually cut across the entire country,” Osinbajo said.
Present at the event were Minister of Transportation, Rotimi Amaechi, Governor Ibikunle Amosun of Ogun state, his Oyo State counterpart, Abiola Ajimobi, Lagos State Governor, Mr. Akinwunmi Ambode, Oba Akiolu of Lagos and other dignitaries.