Amaechi disclosed this on a live television programme where he said the borrowings were done for infrastructural development in several parts of the country.
Speaking on rail transportation, the Minister said Nigeria had money from the excess crude oil account before BUHARI’s administration in 2015.
He argued that when crude oil was sold at one hundred and twenty dollars per barrel, the total amount meant to develop the nation’s railway across the 36 states and the FCT was between thirty five and forty billion dollars but regretted that the money is no longer available.
While reiterating the Federal Government’s commitment to delivering laudable projects for infrastructural developments, the Minister asked Nigerians for more time.
He however explained that logistics is crucial in dealing with economic development in the country for the well-being of the masses.
