The Minister of Finance, Dr Ngozi Okonjo-Iweala, has promised that the Abuja Light Rail Project would be completed in the third quarter of next year.
The minister, who made the promise during an inspection tour of the rail project, said the $500million borrowed from China to execute the project in 2012, is been judiciously appropriated.
The minister questioned the progress made so far as she made her way to the rail car used for test running, from Ringroad to the Idu main station.
Officials promised Nigerians a luxurious mode of transportation when the main train is assembled and in operation.
Nigeria had in 2012 signed an agreement with the China Exim Bank for a $600 million facility to finance the Abuja Light Rail project and the Galaxy Backbone information and communication technology (ICT) infrastructure.
The loan agreement was signed in Beijing, the Chinese capital, on behalf of Nigeria by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, and the Managing Director of China Exim Bank, Mr. Sun Ping.
