Nigeria’s Kano-Maradi rail project signed by the Federal Government on Monday may not make any money, Charlie Robertson, chief economist, Renaissance Capital, said on Tuesday.
“I can’t see that investment making money,” Robertson said while responding to questions during a virtual meeting on ‘Naira in 2021: Optimising Choices for Growth’ organised by Arbiterz in partnership with Cordros.
Read also: Fallout of Trump ban: Facebook and Twitter shares tumble
The Federal Government disclosed on Monday that it had signed a Memorandum of Understanding with Mota-Engil Group for the construction of the $1.959bn Kano-Maradi standard gauge rail project, which connects Nigeria and Niger Republic.
Robertson said Nigeria should use the small cash it has to invest wisely, not for political reasons but for economic reasons.
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
