Amaechi made the announcement disclosure during the inauguration of the Governing Council of the Chartered Institute of Transport Administration of Nigeria (CIOTA) in Abuja on Friday.
Amaechi said: “I have received the mandate of President Muhammadu Buhari to inaugurate the Lagos/Ibadan rail project by January 2021 which will make Nigerians see the way the standard gauge railway looked like.
“Today I approved the charges on passengers from Lagos to Ibadan. We just transfer how we charged from Abuja to Kaduna.
“We charge N3,000 per Economy seat, N5,000 for Business class and N6,000 for First class, the same is applicable to Lagos to Ibadan.
“It should have started running by now before Mr President inaugurates it by January.”
The minister said that the ministry would collaborate with CIOTA to enable them achieved their objectives.
He said that CIOTA role was critical to the growth of transportation in Nigeria, adding that the country had advanced a lot in the area of transportation.