FED GOVT TO BORROW $6.1BN TO COMPLETE ALL RAIL PROJECTS BY 2019

The Federal Government has concluded plans to borrow $6.1 billion from Chinese Exim Bank to complete all rail projects in the country by 2019. The Minister of Transportation, Rotimi Amaechi, who disclosed this on Monday in Abuja, in a statement issued by Yetunde Sonaike, the Ministry’s Director of Public Relations, said that the Federal Government had targeted the construction of […]

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FRESH TOMATOES ARRIVE LAGOS FROM KANO BY RAIL FIRST TIME IN 58 YEARS

Barring any unforeseen circumstances, fresh tomatoes will arrive Lagos from Kano by rail on Wednesday, or the first time in 58 years. This feat is being recorded just days after Professor Yemi Osinbajo, flagged off the Lagos-Ibadan rail project. This revelation was made by Emmanuel Itoya Ijewere, who is described as one of Nigeria’s eminent businessman with extensive experience and […]

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AIRPORT CLOSURE: NRC TRANSPORT PASSENGERS IN SPECIAL COACHES

Air passengers en route to Kaduna International Airport from Abuja by rail are being conveyed in specialised coaches different from the ones that transport other regular travellers on the same train service. Similarly, those travelling from the Nnamdi Azikiwe International Airport, Abuja to the KIA were escorted by at least an armed police officer in each of the buses provided […]

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FED GOVT, CHINA TO FINALISE $11BN LAGOS-CALABAR RAIL DEAL IN JUNE

The acting President, Yemi Osinbajo, on Tuesday said the federal government and the People’s Republic of China would round off negotiations on the Lagos-Calabar rail project estimated at $11.117 billion in June. Osinbajo also disclosed that the federal government had already provided its portion for funding the rail project and promised that the negation would be concluded in the next […]

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GENERAL ELECTRIC TO TAKE OVER NIGERIA RAILWAY CORPORATION NEXT YEAR

The Federal Government said yesterday that American company, General Electric (GE) would take over the management of the Nigeria Railway Corporation (NRC) under a concession plan between January and March 2017. Minister of Transportation, Rotimi Chibuike Amaechi, who made this known yesterday in Abuja while speaking at the first International Transportation Conference, said that the 18-month window period before the […]

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FIRM UNVEILS SCHEME TO TRANSPORT CATTLE BY RAIL

In a landmark initiative, the Managing Director/Chief Executive, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Mr. Aliyu Abdulhameed, yesterday announced the commencement of an innovative scheme which would allow for the movement of cattle from the northern parts of the country to markets in the southern region by rail. This is expected to douse the frequent tension among […]

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NEWLY COMMISSIONED ABUJA-KADUNA RAIL SERVICES RAKES IN N5.1MILLION IN 2 WEEKS

Mr Fidet Ikhiria, the Acting Managing Director of the Nigerian Railway Corporation (NRC) has announced that the Abuja-Kaduna train service recorded a gross income of N5.1 million within the first two weeks of operation. This disclosure was known to the News Agency of Nigeria (NAN) while travelling on the train from Abuja to Kaduna on Saturday. The Managing Director of […]

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