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FG Secures $500m Chinese Loan For Abuja-Kaduna Train Project

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nigerian-railwayThe Federal Government has secured $500 million (about N80.64 billion) loan from China EXIM Bank for the execution of the Abuja-Kaduna fast train project, Vice President Namadi Sambo has said.

Mr. Sambo made this known on Thursday when he laid the track of the project at the Idu area of Abuja.

He said the ceremony signified the official commencement of the track-laying of the Abuja-Kaduna railway modernisation project. He also said the project was part of President Goodluck Jonathan’s people-oriented projects aimed at touching the lives of Nigerians.

“As you are fully aware, this Administration accords top priority to the development of infrastructure as a component of the Transformation Agenda as well as the Vision 20:2020,” he said.

“In that regard, several projects covering critical sectors in transportation like roads, waterways, aviation, and power supply, housing and the development of critical projects and programmes are being undertaken by this administration and are at various stages of completion.

“This is an administration that keeps to its promises,” he added.

According to him, the funding of the project is being complemented through proceeds from the Subsidy Reinvestment Empowerment-Programme (SURE-P).

The Vice President expressed regret over the neglect of the rail sector, and said that with the articulation of the 25 years Strategic Rail Vision, the railways would return to its glorious days.

He said government was determined to concession the railway facilities upon completion, adding “opportunities abound for Foreign Direct Investments in this important sector.”

The Vice President commended the China Civil Engineering & Construction Company (CCECC) Nigeria Limited, the project handlers, on its efforts at ensuring timely completion of the project.

In his remarks, the Minister of Transport, Idris Umar, said the project was part of the Strategic plan “to rejuvenate, modernise and revitalise the comatose rail transport system.”

He said the Kaduna-Abuja Rail project, which has reached 68 per cent completion, was the first segment of the Lagos-Kano Standard Gauge Rail line.

The event was witnessed by public and private sector functionaries.

(NAN)

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2 Comments

2 Comments

  1. Watchout!

    July 5, 2013 at 2:26 pm

    Thank you very much F.G. for this project in the North.What are your developmen efforts in the East and South South.Is the second Niger bridge in the East not begging for attention for decades?What about the East-West road dualisation in the South South?Even though the resources for the servicing of the loan borrowed for the railway project in the North will Come from the two great Regions(S.E./S.S) yet the Hausa/Fulani North that contributes nothing to the economy will not show any appreciation to the financiers of the Nation.Even the West contributes a lot to the economy too.Only the North is left out in contributing to fund Nigeria but always striving to rule.Shit!

    • Olumide

      July 5, 2013 at 4:34 pm

      Thank you for that watchout!

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

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Zamfara Governor Secures Release Of 11 Kidnapped Victims

Bello Matawalle

Governor of Zamafara, Bello Matawalle has announced the release of 11 kidnapped victims.

According to reports, ten of the victims were male and a female from Bukkuyum Local Government Area.

Matawalle received the rescued kidnapped victims on Saturday night at the Government House in Gusau, the state capital.

The Commissioner of Security and Home Affairs, Abubakar Muhammed Dauran revealed that the victims were released without paying a ransom.

Also Read: Nigeria still needs SARS, Zamfara gov, Matawalle insists

He stated they were released as a result of the peace initiative and stakeholders meeting summoned by Governor Matawalle with all critical stakeholders from Bukkuyum Local Government Area on Thursday.

Governor Matawalle assured that his administration will not rest on its oars until total peace is achieved in all parts of the state.

 

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Police Confirm Abduction Of Nasarawa APC Chairman

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Police Confirm Abduction Of Nasarawa APC Chairman

Police

The Chairman of the All Progressives Congress (APC) in Nasarawa State, Philip Shekwor, has been kidnapped by unknown gunmen.

According to reports, Shekwor was abducted on Saturday night at his residence along Dunamis church, Bukan Sidi in Lafia.

Also Read: Gunmen Attack Police Station In Ibadan; Kill Police Corporal

Confirming the incident, Police Commissioner Bola Longe said the unidentified gunmen in large number stormed the residence of the APC chairman in Lafia around 11 pm and took him away to an unknown destination.

According to him, security agencies had reacted swiftly by deploying personnel to different forest locations to ensure the safe release of the APC chieftain.

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