Nigeria’s Railway Debt Servicing Gulps $62.66m

The Federal Government spent $62.66m to service railway-related debts in the first quarter of 2023, according to Nigeria’s external debt service payments report by the Debt Management Office.

Between January and March 2023, The Nigeria Railway Modernisation Project (Idu-Kaduna Section) took $23.1m

The Nigeria Railway Modernisation Project (Lagos-Ibadan Section) gulped $15.49m.

Also, the Nigeria Abuja Light Rail Project gulped $24.07m.