• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt To Complete Rail Projects With Loans From China, Portugal, Turkey

by Sunday Isuwa
3 years ago
in Cover Stories
Loans
Share on WhatsAppShare on FacebookShare on XTelegram

Minister of Transportation, Mu’azu Jaji Sambo, said yesterday that the Federal Government hoped to complete the ongoing rail projects across the country with multi-billion dollar loans from financial institutions based in China, Portugal and Turkey.

Advertisement

Sambo stated this yesterday when he appeared before the Joint National Assembly Committee on Land and Marine Transport, chaired by Senator Danjuma Goje.

He explained that the ministry was committed to the implementation of the Nigeria Railway Modernisation project.

He said the Railway network was being progressively expanded through yearly budgetary appropriations since the federal government was facing challenges in securing counterpart funding through loans.

The minister said, “Currently, the implementation of the Kaduna-Kano, Port Harcourt to Maiduguri and Kano – Maradi Segments of the Railway Modernisation is ongoing with the Federal Government counterpart funding in the 2022 appropriation.

RELATED

WASTE NEGLECT…Multi-billion Naira State Liaison Offices Rot Away In Lagos

WASTE NEGLECT…Multi-billion Naira State Liaison Offices Rot Away In Lagos

13 hours ago
Australian Gov’t Extends Visa Flexibility For Skilled Workers

Don’t Misuse USA Visa, FG Warns Nigerians

13 hours ago

“The ministry hopes that the Federal Ministry of Finance concludes negotiation of the loans with infrastructure development finance institutions of the Chinese, Portuguese and Turkish origin to implement the projects.

“To ensure finalising and signing of the loan agreements, evidence of source of funding of the balance of the advance payment and other aspects of work to be financed directly by the federal government has to be made available to these financial institutions through adequate budgetary provisions in the year 2023 budget and subsequent budgets. “

He also said that the Lagos – Ibadan segment of the Lagos – Kano and Itakpe to Warri railway projects were fully operational and receiving patronage from the general public.

To reach practical completion on the projects, the minister said some aspects of works, including construction of overpass bridges, connection to the national grid and other ancillary provisions had to be completed.

He said, “Adequate funds need to be provided in the 2023 budget to facilitate the practical completion of the projects.

The minister lamented the sad occurrence on the Abuja – Kaduna Rail incident earlier in the year and said plans were ongoing to resume service there.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Drug Dealers Killing NDLEA Officers, Marwa Cries Out

Next Post

After Losing PDP G-5, Atiku In Talks With 5 APC Governors

Sunday Isuwa

Sunday Isuwa

Sunday Isuwa is an award winning journalist with over 15 years of experience. Currently at LEADERSHIP Media Group, he has published thousands of articles that have helped in shaping Democracy, Good Governance in Nigeria, Africa and the world at large. His Twitter handle is @IsuwaSunday 

You May Like

WASTE NEGLECT…Multi-billion Naira State Liaison Offices Rot Away In Lagos
Cover Stories

WASTE NEGLECT…Multi-billion Naira State Liaison Offices Rot Away In Lagos

2025/08/02
Australian Gov’t Extends Visa Flexibility For Skilled Workers
Cover Stories

Don’t Misuse USA Visa, FG Warns Nigerians

2025/08/02
UNICITI Inaugurates 1-Year Programme For Nigerian Nurses
News

JUST-IN: Nurses Adamant, Say Negotiators Can’t End Strike

2025/08/01
BREAKING: Nurses, Midwives Suspend Warning Strike
Cover Stories

BREAKING: Nurses, Midwives Suspend Warning Strike

2025/08/01
Bago
Cover Stories

Niger Goes To Supreme Court Over Exclusion From 13% Derivation Fund

2025/08/01
NURSES, MIDWIVES’ STRIKE: Many Critically Ill Patients Are Being Rejected, Says UUTH CMD
Cover Stories

NURSES, MIDWIVES’ STRIKE: Many Critically Ill Patients Are Being Rejected, Says UUTH CMD

2025/08/01
Leadership Conference advertisement

LATEST

Tinubu Celebrates Ex-VP Sambo At 71

NSE President Urges Stronger Nigeria–Japan Synergy For Infrastructure Dev’t

Police Nab 2 Suspected Cultists, Recover Arms In Akwa Ibom

PICTORIAL: Kano Women Protest Against Violent Activities Of ‘Yan Daba’ Gang

Ex-Minister Dalung Faults Tinubu’s Endorsement At Ahmadu Bello Memorial Confab

JUST-IN: Nurses Suspend Strike After Federal Govt’s Commitment To Demands

Ghanaian President Assures Tinubu Of Nigerians’ Safety Over Protests

St. Lucia PM Slams Critics Of Tinubu’s Visit, Calls Backlash ‘Shameful’

Police Dismantle Cult Group Behind Phone Theft In Imo

Business Summit Partners UWEAL To Empower African Entrepreneurs

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.