FG to pay N71bn counterpart funding for six railway projects

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The Federal Government is to partly fund six rail projects connecting virtually all regions of the country with a counterpart funding of N71.15bn this year. Also, N15.

1bn will be spent on the development of safety and security critical projects, airport certification, runway construction, terminal building, among others in the aviation sector in 2021.

Construction work is currently ongoing on some of the rail projects, while others are new projects, as physical construction work had yet to start on them. He added, “The moment I announced that the Federal Government had awarded a contract of $5.3bn to CCECC to construct Ibadan-Kano, people assumed the money had come in; no.

Amaechi signed on behalf of the Federal Government, while the Managing Director, Mota-Engil, Antonio Gvoea, signed on behalf of the contracting firm. Afenifere’s Publicity Secretary, Yinka Odumakin, told our correspondent that it was unfortunate that the President, Major General Muhammadu Buhari , was more interested in constructing a project outside Nigeria than in developing bad roads within Nigeria.

Meanwhile, aside from rail infrastructure, the report on selected projects in the 2021 budget listed other projects to be developed in the aviation sector, among others. A N200m counterpart fund was named as part of the money to be provided by government for the development of the Mambilla Hydro Power project.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Where are the projects,amechi just cashing out massively with Nigeria money,Oga ooo

Nigeria will not know industrialisation/development without building Lagos-Ore- Benin to Asaba-Onitsha-Nnewi to Aba, if Nigeria FG likes make dey continue building Railway to Niger & to Mali, but NG will not move forward until the needful is done. Oji onye n'ana ji onwe ya.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.