The government of the People’s Republic of China is expected to approve a sum of US$ 5.3bn by October this year, for the commencement of the construction of the Ibadan-Kano rail line, which is a part of the 2,700-km Lagos–Kano standard gauge railway line project in the Federal Republic of Nigeria.
This was revealed by Rotimi Amaechi, the North African country Minister for Transportation during a special broadcast program on Channels Television to mark the country’s Democracy Day. Amaechi commended on the support that the government and the people of china continue giving to Nigeria especially in matters infrastructure.

The Chinese government has previously released US$ 1.6bn for the Lagos-Ibadan standard gauge railway (SGR) project.

Counterpart funding for the Ibadan-Kano rail line
Going further, the Minister pointed out that President Buhari had directed the release of US$ 318M as part of the 15% counterpart funding for the construction of Ibadan-Kano railway and that more funds would be released this coming year.

He also disclosed that the government had been able to pay compensation at commercial rates and not government rates to people and organizations that were affected by the Lagos-Ibadan railway project.

The construction of the Lagos-Ibadan rail line segment was projected to end in May this year to allow the Ibadan to Kano section to begin by June or July but the plan was interfered with by the rise of the COVID-19 virus early this year.

Bonny-Port Harcourt-Maiduguri rail line
On the other hand, the minister also talked about plans for the Bonny-Port Harcourt-Maiduguri rail line saying that they intend to seek approval from the cabinet before the end of next month for the implementation of the Bonny-Port Harcourt-Maiduguri rail line together with the Bonny deep seaport and the industrial park at Port Harcourt.

SOURCE:https://brandspurng.com/2020/06/23/china-to-fund-us-5-3bn-for-construction-of-ibadan-kano-railway/

The Chinese really want to take over Africa. I'm just concerned that why is it country like Nigeria and co and not SA or Egypt.

It's because they know we'll be easily manipulated.

Wait for it.

postbox:


The government of the People’s Republic of China is expected to approve a sum of US$ 5.3bn by October this year, for the commencement of the construction of the Ibadan-Kano rail line, which is a part of the 2,700-km Lagos–Kano standard gauge railway line project in the Federal Republic of Nigeria.
This was revealed by Rotimi Amaechi, the North African country Minister for Transportation during a special broadcast program on Channels Television to mark the country’s Democracy Day. Amaechi commended on the support that the government and the people of china continue giving to Nigeria especially in matters infrastructure.

The Chinese government has previously released US$ 1.6bn for the Lagos-Ibadan standard gauge railway (SGR) project.

Counterpart funding for the Ibadan-Kano rail line
Going further, the Minister pointed out that President Buhari had directed the release of US$ 318M as part of the 15% counterpart funding for the construction of Ibadan-Kano railway and that more funds would be released this coming year.

He also disclosed that the government had been able to pay compensation at commercial rates and not government rates to people and organizations that were affected by the Lagos-Ibadan railway project.

The construction of the Lagos-Ibadan rail line segment was projected to end in May this year to allow the Ibadan to Kano section to begin by June or July but the plan was interfered with by the rise of the COVID-19 virus early this year.

Bonny-Port Harcourt-Maiduguri rail line
On the other hand, the minister also talked about plans for the Bonny-Port Harcourt-Maiduguri rail line saying that they intend to seek approval from the cabinet before the end of next month for the implementation of the Bonny-Port Harcourt-Maiduguri rail line together with the Bonny deep seaport and the industrial park at Port Harcourt.

SOURCE:https://brandspurng.com/2020/06/23/china-to-fund-us-5-3bn-for-construction-of-ibadan-kano-railway/

So Nigeria is now in North Africa & no more West Africa
Nigeria needs a complete overhaul of its educational system, else no future.

leksite120:
The Chinese really want to take over Africa. I'm just concerned that why is it country like Nigeria and co and not SA or Egypt.

It's because they know we'll be easily manipulated.

We cannot reject development for suspected take-over agenda.

fyneguy:


We cannot reject development for suspected take-over agenda.

It is he who have sense will reject na, is it all those politicians that want to steal that will reject one opportunity?

I love the Chinese so much. Every loan is attached to a project so that thieving politicians will not share the money. God bless the Chinese. Bleep the westerners

China may have even bought Nigeria. The question we should be asking is what collateral are we tendering for all this borrowing. If you think this is just cool you don’t know if your fathers house has been used has collateral. Your father may be homeless in 10years

The good thing is he will find a place to sleep under the bridge or at the train station.

nna weldon

Unfortunately, the youths that should protest this looming slavery by this Chinese are busy throwing ethnic punches. Very soon China will control our waters, railway, airways and we will start paying them taxes for using our resources