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The Minister made the disclosure on Monday during a public hearing on the Nigerian Railway Authority Bill and the National Transport Commission Bill at the House of Representatives.
Leading officials from the Transportation Ministry, he said that Nigeria needed $166 billion over the next five years to meet its infrastructural needs in the energy and transport sectors.
The Chairman, House Committee on Land Transport, Honourable Aminu Isa, stressed that the hearing on the two bills would help to enact and establish the Acts.
Representing the Speaker of the House of Representatives, Honourable Yakubu Dogara, the Chief Whip of the House, Honourable Ado Dogowa, praised the efforts of the Federal Government in the transport sector.
The public hearing is expected to guide the committee and serve as a means of gathering the views of Nigerians on the bills before it is passed into law.
The two bills are meant to help Nigeria’s transport sector and put in place, legal framework to enhance public-private partnership in the sector.
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