The Federal Government of Nigeria has approved the China Development Bank (CDB) as the new financier for the Kaduna-Kano rail modernization project, ensuring the project’s continuation after previous funding setbacks.
This announcement was made by the Senate on March 14, following the withdrawal of China Exim Bank (CEB) in 2020 due to the COVID-19 pandemic and other economic challenges.
Railway Expansion Back on Track
NAIJABLOGDAILY.COM
The development was confirmed in a statement by Dada Olusegun, the Special Assistant to the President on Social Media, on Saturday.
The 203-kilometre standard-gauge railway will significantly boost transportation and economic activities by linking Kano to Abuja.
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President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to completing the Ibadan-Abuja-Kaduna-Kano railway, building on the foundation laid by former President Muhammadu Buhari.
This funding breakthrough marks a major step forward in Nigeria’s rail infrastructure development, ensuring seamless connectivity between key economic hubs in the North and beyond.
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