Home News FG approves $5.3bn for completion of Ibadan-Kano rail project
News

FG approves $5.3bn for completion of Ibadan-Kano rail project

Share
Share

The Federal Government has approved 5.3 billion dollars for the completion of Ibadan-Kano rail project.

The Minister of Transportation, Rotimi Amaechi, announced this in a statement issued by his media aide, Israel Ibeleme, on Thursday.

The statement quoted Amaechi after the 3rd Maritime Stakeholders Interactive Forum held in Lagos.

He said: “Yesterday, we got approval to complete the 5.3billion dollar Ibadan to Kano rail project and we have also applied for funding to commence coastal rail for the Port-Harcourt to Warri segment.”

Amaechi explained that the minister of Transportation, State, Gbemisola Saraki, has been assigned the responsibilities of overseeing all the maritime agencies.

He will be focusing on the Railway sector.

He said: “In my first term as Minister, I completely abandoned the maritime sector to the Heads of agencies.
“This time around that would not be happening again as I have instructed that the Minister of Transportation for State should personally supervise the maritime agencies, while I just oversee what is happening.
“There are two things that I have discussed with President Muhammadu Buhari that I will be focusing on in this second term as a Minister and they are maritime security and the Single Window project.
“I have assured government that by the end of 2020, we should have the Single Window at our maritime sector.”

Share
Related News
News

EFCC Declares Ex-Petroleum Minister Timipre Sylva Wanted Over $14.8m Corruption Allegation

The Economic and Financial Crimes Commission (EFCC) has declared Timipre Sylva, a former Minister of...

News

Tension In Ibadan As Residents Rally Against Oyo Government’s Planned Circular Road Expansion

Residents of several communities in Ibadan, the capital city of Oyo State...

News

Nigeria’s Hajj Commission Reduces 2026 Pilgrimage Fare, Sets Final Payment Deadline

The National Hajj Commission of Nigeria (NAHCON) has announced a major reduction...

News

Fed Govt To List N1tr Real Estate Fund On NGX To Boost Affordable Housing

The Federal Government will tomorrow list its N1 trillion real estate investment...