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Home Sectors Hospitality & Travel

FG says fund not a challenge to completion of Lagos-Ibadan rail but lack of workers

Chike Olisah by Chike Olisah
August 16, 2020
in Hospitality & Travel
Amaechi proposes a capital budget of N205 billion for Ministry of Transportation in 2021, FG approves $3 billion Port Harcourt-Maiduguri railway and $462 million Bonny deep seaport, Banks to hold shipowners accountable for $200m CVFF disbursement. FG sets deadline for completion of Ibadan-Kano rail project, gives reason for delay 

Rotimi Amaechi

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The Federal Government has disclosed that funding is not a challenge or impediment to the completion of the $1.6 billion Lagos-Ibadan rail project, but rather a lack of workers.

The disclosure was made by the Minister of Transportation, Rotimi Amaechi, during an inspection of the Lagos-Ibadan rail project, in a press statement by Eric Ojiekwe, Director Press and Public Relations of the ministry.

The Transport Minister had urged the project contractors, China Civil Engineering Construction Company (CCECC), to complete the project within a period of 5 months.

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Amaechi, who was on the inspection of the rail project with the Minister of Information and Culture, Alhaji Lai Mohammed, said that the coronavirus pandemic which has delayed the completion of the project has come to stay and so he asked the contractors, CCECC, to come up with measures of completing the rail project.

He was quoted as advising the project contractors, China Civil Engineering Construction, to adhere to safety measures such as compulsory use of masks and safety shields by all workers in order to get the required number needed to work in all stations.

He urged them to procure personal protective equipment for their workers as an excuse for failure would not be accepted.

READ MORE: Amaechi pleads with NASS to halt questioning of loan agreement with China

On the Ibadan-Kano $5.6 billion rail which is yet to commence, Amaechi stated that government is yet to secure the loan from China Export-Import Bank, but assured it is still a top priority for this administration.

While giving his impression on the project, Lai Mohammed said, ‘’I am very impressed. The reason we brought you here is to see that it is not a concocted story. This is the reason why we are borrowing the money so that Nigerians can travel in dignity and comfort.’’

He said that the monies that had been borrowed for the project are not for grandiose display nor for overhead or running costs, but rather for capital projects which on completion would create jobs and provide the needed infrastructure for Nigerians.

READ ALSO: Nigeria to begin gold production in 2021 with the Segilola Gold Project

He added that there was nothing wrong in borrowing as long as it is used to provide improved service delivery for the people.

Lai Mohammed was full of praises for Amaechi for the passion he has exhibited in driving the project and urged the contractors, CCECC, not to disappoint.

Other dignitaries that were part of the inspection tour included: the Managing Director, Nigeria Ports Authority (NPA), Hadiza Bala-Usman, the Board Chairman, NRC, Engr. Ibrahim Alhassan Musa, the Executive Secretary, Nigerian Shippers’ Council (NSC), Hassan Bello, among others.


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Tags: Business NewsCCECCChina Civil Engineering Construction CompanyNigeria NewsRotimi Amaechi
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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