₦airaland Forum

RALPHOW:
What Color comes to Lekki /EPE from CMS

Green

Jubril A. Gawat @Mr_JAGs

One of the things that helped with the completion and launch of the Blue Line (Phase 1) and the Red Line Rail, is the creative financing structure that Governor @jidesanwoolu and his team put in place, this will ensure project has its separate financing structure, quality delivery and on schedule, as promised. So the people waiting for the Blue Line Rail (Phase II) to take ‘50 years’ to complete; Happy Sad News to them in advance 😁😁😁

Muhammad @AdekunleAbola1

.. Sir, We will utilize that Creative mode of Finance which you had always spoke to us about, As we seek to complete other Rail Mass project - @jidesanwoolu to Mr President at the official commissioning of Red Rail Transit 2024 😊

Lagos Metropolitan Transport Authority @Lamataonline

Lagos Blue Line Phase two gets Green Light from financiers

Financing for the second phase of the Lagos Rail Mass Transit (LRMT) Blue Line has received the nod of African Export Import Bank (Afreximbank) and Access Bank, who are jointly providing funding for its completion.

Afreximbank’s Abuja Regional Chief Operating officer, Mr. Eric Intong and his Access Bank counterpart Mr. Lookman Martins, today, jointly visited the project site to evaluate its potential.

The banks expressed their satisfaction with the plan for the project, and it is expected that construction activities on the project will go upbeat in the coming weeks.

Paperwork for the project are being finalized and may be signed by the parties Lagos State Government in the coming weeks.

Recall that the Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu signed the contract for the second phase of the rail line during its launch performed by former President, Muhammadu Buhari on 24th January 2023.

The Blue Line Phase two, which spans 14 kilometres from Mile 2 to Okokomaiko, is expected to significantly improve transportation in Lagos.

It will provide a faster and more convenient way for residents to travel from the Island to the mainland and vice versa.

The delegation was joined by the Commissioner for Finance, Mr. Yemi Oluyemi, Commissioner for Transportation, Hon. Oluwaseun Osiyemi, Permanent secretary Debt Monitoring Office, Mrs. Sanusi Alake and Director of Rail Transport, Engr. Olasukanmi Okusaga.

On completion, the Blue Line is expected to move more than 450,000 passengers daily.

#LAMATA #keepingLagosmoving #Lasg

Daddy D.O @DOlusegun

STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU APPOINTS JIM OVIA AS CHAIRMAN OF THE NIGERIAN EDUCATION LOAN FUND

President Bola Tinubu has approved the appointment of Mr. Jim Ovia, CFR, renowned banker and businessman, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND).

Mr. Ovia is the founder of one of Nigeria's leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.

He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds and of ensuring that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

April 26, 2024