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Home Business News Business

President Buhari to flag-off Eastern rail corridor on March 2, 2021

Chike Olisah by Chike Olisah
February 28, 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 Federal Ministry of Transportation has announced that President Muhammadu Buhari will perform the groundbreaking ceremony for the Eastern rail corridor on March 9, 2021.

The rail project which has generated a lot of debate especially from that region is part of the Buhari-led administration’s railway modernization initiative.

According to a press statement issued by the Federal Ministry of Transportation on February 28, 2021, and signed by its Director for Public Relations, Eric Ojiekwe, the disclosure was made by the Minister of Transportation, Rotimi Amaechi, during an inspection tour to all the stations from Mobolaji Johnson Station at Ebute Metta to Ibadan station over the weekend.

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Amaechi further disclosed that the President has also approved the redirecting of the Eastern line to 2 new spurs namely; Abakaliki, Ebonyi State and Awka, Anambra State.

READ: Nigerian-Canadian company to start gold export from Nigeria in June 2021

The Minister also mentioned that the Federal Government has approved the commencement of the Port Harcourt-Maiduguri rail project and is also negotiating loans for the Lagos-Calabar rail project.

On the take-off of the Ibadan-Kano rail project, Amaechi informed that the government is still seeking approval for a loan to enable it to take off.

Speaking on the Lagos-Ibadan rail project, the minister noted that he has challenged Messrs China Civil Engineering and Construction Company to deploy global acceptable safety and security standards for the project. He directed that a central cooling system be installed in all the major train stations along that route.

READ: Finance Minister says asset sales not primarily for budget financing

This announcement by the ministry would come as a welcome relief to agitators from that region who complained about being left behind in the current administration’s railway modernization projects as rail projects are going on in other regions and none had taken off in the region.

The absence of a modern railway will adversely affect economic activities in the region.

In one of his engagements with the National Assembly, Amaechi, while denying exclusion of Eastern rail line from Port Harcourt to Maiduguri in the ongoing rail construction and modernization, said that the delay was due to bureaucratic bottlenecks caused by the Public Procurement Act.

PRESS RELEASE

FG TO  FLAG- OFF EASTERN RAIL CORRIDOR 9TH MARCH 2021 – TRANSPORTATION MINISTER

The President, Federal Republic of Nigeria, @MBuhari will perform the groundbreaking ceremony for the Eastern rail corridor on 9th March, 2021.

— Federal Ministry of Transportation (@MinTransportNG) February 28, 2021

 


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Tags: Eastern rail corridor
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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Comments 1

  1. Jerry says:
    March 1, 2021 at 10:51 am

    Make u na take una railway o!.What an Insult?. A whole Igbo Nation which even fought for the Independence of Nigeria is only given its share after all others like a love child. What an Insult?. So it’s with much rigour of cry,that you people will say you’re doing your railway in the east. God punish Buhari and let us see him in the Southeast o!.

    Biafra will unveil before your very eyes!

    Reply

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