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Nigeria Goes Big on Rail Transport Development, $5.3 billion Approved For Ibadan-Kano SGR

Sep 13, 2019 07:56 PM
Nigeria Goes Big on Rail Transport Development, $5.3 billion Approved For Ibadan-Kano SGR Africa Business Radio, SGR, Ibadan-Kano, Africa Business News, Standard Gauge Rail

The Federal Government has approved $5.3 billion (N1.62 trillion) for the construction of the Ibadan to Kano standard gauge rail line project. Minister of Transportation, Rotimi Amaechi, disclosed this on Thursday at the third Maritime Stakeholders Interactive Forum. According to Amaechi, the approval for the $5.3 billion projects was given on Wednesday, while the Ministry had also applied for funding to commence coastal rail for the Port Harcourt to Warri rail segment. Amaechi also disclosed that the Minister of State for Transportation, Gbemisola Saraki, would be in charge of all maritime agencies, while he would focus on the railway sector. According to the minister, discussions with President Muhammadu Buhari on maritime safety had been completed with the assurance that Nigeria would have a single window in the maritime sector.

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