The Minister of Transportation Mr Rotimi Amaechi said on Thursday in Abuja that the Federal Government is to establish a local railway and rolling stock assembly and manufacturing plant in Kajola, Ogun State.
Mr Amaechi, in a statement signed by his media aide, Mr Israel Ibeleme, said that Vice President Yemi Osibanjo would perform the ground breaking ceremony of the assembly plant on Friday.
When established, Mr Amaechi said, the plant is expected to produce parts of the wagons, which would be used on the Lagos–Ibadan, Abuja–Kaduna and Ajaokuta–Warri Railway routes operations and for other railway operators.
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“The plant, upon completion and commencement of production, is expected to employ 5,000 Nigerians.
“As demand for rolling stocks increases, the capacity of the plant will be expanded to include the first phase assembly of coaches and locomotive.
“Altogether, the project will serve as a catalyst for national economic growth and development as enshrined in Federal Government’s Economic Recovery and Growth Plan (ERGP).
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“It will also shore up our local capacity for the production of materials and products as underpinned by the Presidential Executive Order No. 5,” the statement said.