FEDERAL GOVERNMENT SEEKS FRESH 4.58 TRILLION NAIRA LOAN FOR RAIL PROJECTS

The Federal Government is considering securing fresh loans to finance some of the country’s rail projects.

The Minister of Transportation, Rotimi Amaechi, disclosed this yesterday after a meeting he had with President Muhammadu Buhari at the Presidential Villa, Abuja.

Amaechi said the President had approved that negotiation should commence on a 4.58 trillion naira loan for the Port Harcourt-Maiduguri and Lagos-Calabar rail projects.

The minister who stated that laying of tracks on the Lagos-Ibadan railway would commence in April equally expressed hope that the project would be completed latest by January 2019.

This entry was posted in Business. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

1
THE SCOREBOARDOn air now 
Hosts:
%d bloggers like this: