President Muhammadu Buhari has released N72 billion counterpart funding for the construction of Lagos-Ibadan modernization railway project.
The Minister of Transportation, Rotimi Amaechi disclosed this at the quarterly Presidential Business Forum which was presided over by Vice-President Yemi Osinbajo at the Presidential Banquet Hall, Abuja.
Amaechi, who commended the Minister of Finance, Kemi Adeosun for ensuring full release of the counterpart funds for the project, enjoined the National Assembly to ensure speedy approval of the 30 billion dollars foreign loans for various project.
He called on the National Assembly to approve the loans in order to enhance employment opportunities in the country.
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