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FEC Approves $11.17bn Rail Project To Link All Coastal Cities
Published
3 years agoon
By
EditorThe Federal Executive Council has approved the sum of $11.17bn to link all of Nigeria’s coastal cities by rail in six years.
Minister of Information and Culture, Lai Mohammed, briefed State House correspondents after the virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja.
Mohammed said that the Minister of Transportation, Rotimi Amaechi, presented two memos which had to do with Federal Government’s commitment to expanding and consolidating on the rail project.
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“The first one has to do with the Kano-Jibia rail and the other one has to do with the Port Harcourt-Maidugiri rail.
“Actually, what was approved today was funding to ensure that work starts immediately on those two rails.
“And then, also another memo that was approved today was the ratification of the president’s approval for the award of contract for the Lagos-Calabar Coastal Standard Gauge.’’
He said the project was an old project which was inherited by current administration.
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Mohammed said that under the former administration, approval was given but nothing was done.
“Today, the council has given approval to commence the Lagos-Calabar Coastal rail.
“This particular route is very important because after the Lagos-Kano route, this Lagos-Calabar Coastal route actually will link all the coastal cities in the country.
“Actually, the proposed route alignment is as follows; it will go from Lagos to Sagamu, Sagamu to Ijebu-Ode, Ijebu-Ode to Ore, Ore to Benin City, Benin-City to Sapele, Sapele to Warri, Warri to Yenogoa, Yenegoa to Port Harcourt, Port Harcourt to Aba, Aba to Uyo, Uyo to Calabar, Calabar to Akamkpa to Ikom, Obudu Ranch with branch lines from Benin-City to Agbo, Ogwashi-ukwu, Asaba, Onitsha and Onitsha Bridge and then Port Harcourt to Onne Deep Sea Port.
“This particular route is very important especially for our coastal economy; the cost of the project is 11. 17 billion dollars,’’ he said.
READ ALSO: Nnamdi Kanu, IPOB Blamed As Suspected Herders Kill Eight In Enugu Attack
According to him, the project is expected to be completed in six years.
(NAN)
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Man, 38 Escapes Assassination Attempt In Benin
Published
9 months agoon
July 22, 2023By
EditorBy Omokha Andrew
A 38-year-old activist, Innocent Omoruyi, narrowly escaped assassination in the early hours of Wednesday, July 19, 2023 as his residence at Obe Community,Sapele Road in Benin city was attacked by yet to be identified gun men.
The attack which eye witnesses say was viciously executed on Wednesday, July 19, 2023 bore the markings of a dreaded cult group terrorizing Benin City, the state capital.
The Obe, Sapale Road incident, it was learnt, happened soon after Omoruyi left the house to attend to matters of interest some few metres away from his home.
The assailants were said to have shot sporadically in their frustration as residents scampered for safety.
However, Omoruyi escaped unharmed.
One of the eye witnesses who craved anonymity said: “The felons apparently went for the kill, weilding guns and other dangerous weapons. “We are shocked that they didn’t see Innocent Omoruyi who was just some few metres away from home when they arrived”.
“How that happened, only God knows and it was obvious that it wasn’t his time to die yet and just before that not long ago his business place on Lagos Street, Benin City was burnt down in the middle of the night by unknown arsonists.
“This sequence of events is not ordinary. We know it’s politically motivated due to the role he played in the last general elections. He has been advised to go into hiding at the moment for his personal safety”, he concluded.
When contacted, the police Public Relations Officer Chidi Nwabuzor said he was yet to get any information as regards the latest incident. He promised to feed our correspondent with relevant details as soon as they become handy.
Our information source however revealed that the matter has already been incidented at the Love World Police station on Sapele Road, Benin city.
Business
Nigeria To Earn Over $4bn Revenue As FEC Okays Concession Of Abuja, Kano Airports
Published
11 months agoon
May 18, 2023By
EditorNigeria will earn over $4 billion in nominal revenue as the Federal Executive Council, FEC, on Wednesday okayed the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano, to the Corporacion American Airport Consortium, a Luxembourg-based company.
James Odaudu, the Special Assistant on Public Affairs to the Minister of Aviation, disclosed this in a statement on Thursday.
According to him, the Council also approved that the Federal Ministry of Aviation would be renamed the Ministry of Aviation and Aerospace.
READ ALSO: ATMs To Be Upgraded For Loans Services As CBN Gives Banks Ultimatum…
The statement noted that the company would make combined upfront payments of $8.5 million for the concession of NAIA and MAKIA.
He added that the development would spur evidential growth within the Nigerian aviation industry.
“In alignment with the Aviation Roadmap, approved by Mr President on 18th October 2016, the Ministry of Aviation and Aerospace is delighted to inform all stakeholders, both local and international, and the media, that the concession of the Nnamdi Azikiwe International Airport (NAIA), Abuja, and Mallam Aminu Kano International Airport (MAKIA), Kano has been approved by the Federal Executive Council,” the statement said.
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In December 2022 and January 2023, Corporacion American Airport Consortium was announced as the preferred bidder for the airport’s concession after scaling through a series of evaluations of technical and financial bids.
Nominal revenues mean income not adjusted for inflation and decreasing purchasing power.
Latest news
Russia Expelled From Council Of Europe Amid War With Ukraine
Published
2 years agoon
March 16, 2022By
EditorThe Council of Europe says it has expelled Russia with immediate effect after 26 years of membership because of the Ukraine war.
The Committee of Ministers took the decision in a special session, the rights body announced in the French city of Strasbourg on Wednesday.
Earlier, Russia had already declared its withdrawal from the Council of Europe after it had taken steps to exclude it.
On Tuesday evening, the Parliamentary Assembly of the Council of Europe voted unanimously in favour of Russia’s exclusion.
Russia joined the Council of Europe on Feb. 28, 1996.
Together with the formal notification of the withdrawal, the Secretary-General of the Council of Europe also received information from the Russian Federation on Tuesday about its intention to denounce the European Convention on Human Rights.
In a statement on Tuesday evening, the leaders of the Council of Europe once again condemned the Russian invasion of Ukraine.
READ ALSO: Ukraine: Horror As Russian Forces Shoot People Queuing For Bread
They expressed their solidarity with the Russian people, who continue to belong to the European family and share its values.
The body said it would continue to stand by Ukraine in the fight against the aggressor.
The Council of Europe monitors the observance of human rights in its 46 member states and is not part of the European Union.
The body reacted to the Russian invasion of Ukraine two weeks ago by suspending Russia’s membership, this decision was considered historic.
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