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Nigeria Seeks to Diversify From Oil With $41 Billion of Rail

  • China’s Eximbank is funding key aspects of rail development
  • GE taking concession to rehabilitate old narrow-gauge lines
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Photographer: George Osodi/Bloomberg
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Nigeria has started a $41 billion railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links to allow the movement of goods around the country and to ports.

“The plan we have now will go to every nook and corner,” Transport Minister Rotimi Amaechi, 52, said in an interview in the capital, Abuja.