FG to Commence $5.3bn Ibadan-Kano Rail Project

rail project
  • FG to Commence $5.3bn Ibadan-Kano Rail Project

The Minister of Transportation, Mr. Rotimi Amaechi, announced on Thursday that the Federal Government has approved $5.3 billion Ibadan-Kano standard rail project.

“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.”

According to the minister, he will concentrate on the railway sector while Gbemisola Saraki, the new minister of Transportation, State, has been assigned the responsibilities of overseeing all the maritime agencies.

The minister stated in a statement signed by his media aide, Mr. Israel Ibeleme.

“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.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: samed@investorsking.com.

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