General Electric proposes $2 billion investment on Lagos-Kano rail line – Osinbajo

Penney Vanderbilt and KC Jones: All About Railroads

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Nigeria’s Vice President, Yemi Osinbajo, says American multinational firm, General Electric (GE), wants to invest $2 billion to revive the Lagos-Kano Rail Line, as part of efforts to boost local and international trade along Nigeria’s northern and southern zones.

Mr. Osinbajo, who spoke Wednesday at the opening of the inaugural edition of the Lagos-Kano Economic and Investment Summit in Lagos, said the proposal by GE, under a concession from the Nigerian government, aims to enhance the movement of cargo from Apapa ports to Kano via the rail line.

“I believe that Lagos and Kano states have by this collaboration underscored the cornerstone of the federal government’s economic recovery and growth plan, namely the leveraging of synergies among states and between government and the private sector,” said Mr. Osinbajo, a Law Professor.

“The strategic role of the federal government is of course to create an enabling environment for commerce, beginning…

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