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FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities - Politics - Nairaland

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FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by TheRareGem1(f): 6:04am On Aug 05
The Federal Executive Council (FEC) has approved the sum of 11.17 billion dollars to link all Nigeria’s coastal cities by rail in the next six years.

Lai Mohammed, Minister of Information and Culture, 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.

“The first one actually 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.

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.

According to him, the project is expected to be completed in six years.

https://pmnewsnigeria.com/2021/08/04/fec-approves-11-17bn-rail-project-to-link-all-coastal-cities/?utm_source=&utm_medium=twitter&utm_campaign=fec-approves-11-17bn-rail-project-to-link-all-coastal-cities

13 Likes

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by Fahdiga(m): 6:09am On Aug 05
Approver that will only end on paper

37 Likes 2 Shares

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by TheRareGem1(f): 6:16am On Aug 05
When the modern rail project is finished ie executed, I hope it won't be like this caption.

The thing is, Nigerians love good stuffs like rail but they criticise when it is not yet finished, but the moment the train comes into operation, they rush it, & some don't even buy ticket before they board the train. They want to kill this country. Nigerians are the problem.

55 Likes 4 Shares

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by pointstores(m): 6:24am On Aug 05
Nawa
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by Unsad(m): 6:24am On Aug 05
Aggressively buying bitcoins , gift cards , funds at exotic rate and jet payment.

Tap in Bosses.

Check Sig for Contact.
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by szczescie: 6:24am On Aug 05
CHIBUIKE ROTIMI AMAECHI is WORKING

SUPER MINISTER

C.R.A for President

E come be like say na him be the first minister of transportation we get for this Nigeria

Which other minister of transportation you know?

For this Useless administration na only Amaechi dey work, railway everywhere

If to say minister of Housing, minister of power, work reach AMAECHI we for no too get problem but they do absolutely nothing, I have never heard that they submitted memo or did anything at all

If Amaechi submits he will follow it up and make sure Bubu sign it, he will strong arm them to do their job

But minister of power (it is him I know of more) he submits nothing instead they will be holding conferences, summits and workshops to share money, pay guests and delegates instead of going to tell Bubu what needs to be done they will hold summit in Europe and discuss to ordinary people and tell us what we want to hear instead of telling it to Bubu

Fashola just hide, the other ministers too except lie but lie own he is using it for Evil. But we are seeing his impact his "work"

But as Nigerians prefer to vote in e-diots based on sentiments and tribalism I won't be surprised they will want to over look hard working performers like Chibuike Rotimi Amaechi and go for thieves like Tinubu Or Atiku because he is from their tribe or religion

True true Nigerians deserve Nigeria, the suffer never belle full Una, you want another heavy dose of Buhari for the next 8 years of your short 53 year life going by Nigerias life expectancy

24 Likes

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by mrvitalis(m): 6:25am On Aug 05
I wonder how this government thinks really ...a poor nation like Nigeria spending 12 billion dollars on a phantom project that won't break even for 100 years ....there are far more important was that would use that money that would have far more impact on the economy

$1billion $300 million each can reactivate warri ,port Harcourt and Calabar ports ...$100 to by boats to secure the sea routes

$4 billion invested in our transmission line would increase transmission capability from 5000mw to over 12000mw ... electricity supply would double ...I mean double because we have installed capacity of about 15,000mw

$5 billion grants to 10 top importers of goods we can easily produce here to start producing them in Nigeria ...or if we have struggling producers top 10 ...pick like 10 to 20 products

Like ceramics , glass , cloths , chocolates ,drugs and the likes ...this would create over 300,000 jobs directly and provide revenue of over 300 billion a year in taxes


This project would have far more reaching impact on our GDP than this phantom rail system that's nothing but a feel good project

Abuja kaduna rail would break even at the current profit rate in over 101 years

I'm waiting to see the figures for Lagos ibadan rail but my estimate suggest 160 years to break even that's if repairs are not made even

41 Likes 2 Shares

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by ebuk4real(m): 6:25am On Aug 05
sad

And that's the exact amount to be pocketed by these crooks. I can stake my left hand that nothing of these will see the light of the day.

Like the op before me said, use this money rather for the viable, tangible & immediate impactful projects like the sea ports & we will know how serious these politicians are.

Bunch of idiots

1 Like

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by spafu(m): 6:25am On Aug 05
Ok
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by TheRareGem1(f): 6:25am On Aug 05
Fahdiga:
Approver that will only end on paper

Just like Lagos-Ibadan- Abeokuta rail project right?

24 Likes 1 Share

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by olaboy33(m): 6:26am On Aug 05
Fashola and Ameachi's tenacity is the only saving grace of this administration.

The rail and sukuk loans are being paid directly to the contractors that's why there's being steady progress in the that sector.

2 Likes

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by freedam: 6:26am On Aug 05
Hope the project is completed before 2090

2 Likes

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by President99: 6:26am On Aug 05
Great idea from Rotimi Amaechi

2 Likes

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by mrvitalis(m): 6:27am On Aug 05
TheRareGem1:


Just like Lagos-Ibadan- Abeokuta rail project right?
How many years. Did that take ? And that's just about 10% of this one ooh
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by Meti99(m): 6:27am On Aug 05
Gfs
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by mrvitalis(m): 6:30am On Aug 05
Corrupt PDP did 190km Abuja kaduna rail with $850 million

Saints APC did 160km Lagos to Ibadan rail for $1.5 billion dollars


The annoying thing is all this projects are feel good project that can't grow the economy or even break even for the next 80 years


APC and fulanis are core socialist reason why capitalist igbos have to leave this country

10 Likes

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by fasho01(m): 6:30am On Aug 05
I wonder how long this white elephant project will take
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by seguntijan(m): 6:30am On Aug 05
This government will only be judged on Economy, they've done well in infrastructure. But PDP failed in every sector

6 Likes 2 Shares

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by Itohanmiwa: 6:30am On Aug 05
I always call this administration silent achievers. Buhari doesn't know how to talk too much. But our hatred for him will still make millions of Nigeria refuse to see anything good in what this administration is doing. We all focus on the insecurity of Nigeria, but if we face it very well insecurity has been a recurring decimal in Nigeria always, just that everyone got bolder now both from the east, north, west and south. But I know deep down this man is trying to do something about it. Look at all the projects he's working on and you'll have hope for a better Nigeria for our Children.

15 Likes 2 Shares

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by sammyj: 6:31am On Aug 05
cool cool Hope the funds will not end up in private pockets as usual shocked shocked
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by soft101: 6:31am On Aug 05
Make una pay the money before una leave o!
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by Tundex911: 6:34am On Aug 05
Billions in $$$

Smh
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by Abujason: 6:34am On Aug 05
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by muykem: 6:36am On Aug 05
Nice one. I pray we follow it meticulously to the point of delivery.
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by gambia(m): 6:37am On Aug 05
It's a welcome development provided you guys ain't planning to take another loan.
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by bamvik(m): 6:39am On Aug 05
More than 4 trillion naira for rail project?, although someone need to lecture me on the economic importance of this project and can it repay back the fund in the next 50years?

4 Likes

Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by confluence: 6:40am On Aug 05
And the looting continue via phantom projects
Re: FEC Approves $11.17 Billion Rail Project To Link All Coastal Cities by Fahdiga(m): 6:42am On Aug 05
TheRareGem1:


Just like Lagos-Ibadan- Abeokuta rail project right?
Please spare me the jargons

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