Business
FG approves $5.3bn for Ibadan-Kano standard rail project -Amaechi
The Federal Government has approved 5.3 billion dollars for the Ibadan-Kano standard gauge rail project, Mr Rotimi Amaechi, the Minister of Transportation said. The minister said this in a statement issued in Abuja by his media aide, Mr Israel Ibeleme after the 3rd Maritime Stakeholders Interactive Forum held in Lagos. “Yesterday, we got approval to complete the $5.3billion Ibadan to Kano rail project and we have also applied for funding to commence coastal rail for the Port-Harcourt to Warri segment.” Amaechi said that the minister of State Transportation, Gbemisola Saraki, has been assigned the responsibilities of overseeing all the maritime agencies. She will be focusing on the Railway sector.
“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.” President Muhammadu Buhari directed the establishment of the single window platform that would integrate all government agencies at all the entry points into the country to promote trade and boost security.
-
Economy2 days agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others
-
Oil and Gas2 days agoEdo govt, NNPC partner to establish 10,000bpd condensate refinery
-
Economy2 days agoFG inaugurates OGFZA, NEPZA boards for industrial growth
-
News2 days agoNigeria inaugurates economic strategy to harness $8 trn global halal market
-
Oil and Gas2 days agoOil falls as investors assess US-Iran talks
-
News2 days agoGlobal digital currency, Crypto market capitalization crashes to $2.2trn on extreme fear
-
Stock Market2 days agoNGX hits N110trn as market market capitalisation appreciated by 1.01%
