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FEC approves $1.96 billion for Kano-Niger Republic railway

William UkpebyWilliam Ukpe
3 years ago
in Business News
railway, FEC approves $1.96 billion Kano-Niger Republic, FEC approves N727 billion budget increment
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The Federal Executive Council has approved the disbursement of $1.96 billion, for the railway line from Kano in Nigeria to Maradi in Niger Republic. The President will also commission the Warri-Itakpe standard gauge rail line, running through Kogi, Edo and Delta States.

This was announced by the Minister of Transport, Rotimi Amaechi, on Wednesday evening.

Explore the Nairametrics Research Website for Economic and Financial Data

@NGRPresident @Mbuhari will on Tuesday commission the Warri-Itakpe rail line which runs through Kogi, Edo and Delta States. This will set the stage for commencement of operations on that route.
Also, we've gotten approval for the construction of the Kano-Maradi & Dutse rail line.

— Chibuike.R. Amaechi (@ChibuikeAmaechi) September 23, 2020

Media aide to the President, Ajuri Ngelale, said, “The rail line will connect 3 states: Kano, Katsina & Jigawa. It moves from Kano to Dambatta, Kazaure, Daura, Mashi, Katsina, terminating in Maradi, Niger Republic. This financially empowers Nigeria as the import/export hub for Niger.”

READ: NNPC to support alternative energy initiative by deploying CNG plants across the country

FEC Approves $1.96bn Kano-Maradi Railway:

"The rail line will connect 3 states: Kano, Katsina & Jigawa. It moves from Kano to Dambatta, Kazaure, Daura, Mashi, Katsina, terminating in Maradi, Niger Republic. This financially empowers Nigeria as the import/export hub for Niger." pic.twitter.com/aZVMoab95z

— Ajuri Ngelale (@AjuriNgelale) September 23, 2020

READ: Lagos-Ibadan Railway: NRC acquires 24 coaches for operations starting next month

Nairametrics reported in June, that China is set to approve the sum of $5.3 billion for the construction of the Ibadan-Kano rail line.

“The Chinese government and people have been very helpful to Nigeria. They have released $1.6 billion for Lagos-Ibadan standard gauge railway (SGR). They’ve agreed to approve and we hope that by October, they should be able to approve the $5.3 billion for the Federal Government so that we can commence and complete construction of Ibadan-Kano railway,” Rotimi Amaechi said.

Related

Tags: Federal Executive CouncilKanoNigeria NewsRotimi Amaechistandard gauge railway (SGR)Warri-Itakpe rail line

Comments 1

  1. Iniabasi says:
    June 4, 2021 at 9:45 am

    All the loans obtained are channel to northern region. absolutely very bad

    Reply

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