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Home Business News Business

President Buhari to flag off $2 billion Kano-Maradi, Kano-Dutse rail line on Tuesday

Chike Olisah by Chike Olisah
February 5, 2021
in Business
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 Minister for Transportation, Rotimi Amaechi, has announced that President Muhammadu Buhari, will on Tuesday, February 9, 2021, perform the groundbreaking ceremony of the Kano-Maradi, Kano-Dutse Railway Project.

This follows the approval of about $2 billion by the Federal Executive Council in September 2020, for the rail line and the subsequent signing of the contract documents for the commencement of the project last month.

This was disclosed by the Transportation Minister, in a tweet post on his official Twitter handle on Friday, February 5, 2021.

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FG to fully launch E-ticketing platform for NRC next week, kano, railway, Nigeria Air, FG states why there is no hurry to resume train operation, Lagos blue rail line ready 2022 , Chinese Loans: Clauses are international standard terms - Amaechi, , Marina set to regain its beauty as FG, Lagos, stop barge operations along coastline

FG signs contract for Kano-Maradi, Kano-Dutse railway project, contractor to build university

January 11, 2021

READ: Presidency denies building rail line from Nigeria to Niger Republic

The railway project is expected to connect 3 Nigerian Northern states namely Kano, Katsina and Jigawa and then terminate at Maradi, Niger Republic.

Amaechi in his tweet post said, ‘’We are pleased to announce the Groundbreaking of the Kano-Maradi, Kano-Dutse Railway Project, slated for Tuesday, our President, Muhammadu Buhari would do the honours. Work begins.’’

READ: FEC approves $1.96 billion for Kano-Niger Republic railway

What you should know

  • It can be recalled that the Federal Government had about 3 weeks ago, during the signing of the Memorandum of Understanding with Mota-Engil Group, the contractors to the project, disclosed that the Kano-Maradi railway project would be completed within 36 months.
  • The rail line is expected to financially empower Nigeria as the import/export hub for Niger and would help the country compete favourably with other coastal countries of West Africa in servicing the landlocked countries around in the area of movement of cargoes to make Lagos seaports very viable.

We are pleased to announce the Ground breaking of the Kano-Maradi, Kano-Dutse Railway Project, slated for Tuesday. Our @NGRPresident @MBuhari would do the honours. Work begins.

— Chibuike R. Amaechi (@ChibuikeAmaechi) February 5, 2021


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Tags: Kano-Duyse Railway Project.Kano-Maradi
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.

Related Posts

FG to fully launch E-ticketing platform for NRC next week, kano, railway, Nigeria Air, FG states why there is no hurry to resume train operation, Lagos blue rail line ready 2022 , Chinese Loans: Clauses are international standard terms - Amaechi, , Marina set to regain its beauty as FG, Lagos, stop barge operations along coastline
Business

FG signs contract for Kano-Maradi, Kano-Dutse railway project, contractor to build university

January 11, 2021
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