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Nigeria Seeks to Diversify From Oil With $41 Billion of Rail
LAGOS (Capital Markets in Africa) – 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 MinisterRotimi Amaechi, 52, said in an interview in the capital, Abuja. Africa’s biggest oil producer is going through its worst economic slump in…
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