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October 19, 2020
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Legal tussle may stall Port Harcourt- Maiduguri rail project if the exit plan and settlement with outgoing contractors are not handled with care, feelers from Nigeria has revealed. Checks showed that certain interests are pushing to browbeat and coerce the previous contractors into exiting the project without a settlement plan. Tactics adopted according to investigation Continue Reading
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Read Details of Submissions by Panelists  Amidst fears of debt trap, stakeholders at a webinar organised by the Xcellon Infrastructure Roundtable have advised against Nigeria’s over-dependence on China to fund her railway projects, canvassing unbundling of the Nigerian Railway Corporation among other recommendations. READ MORE: Nigeria: Constitutional Amendment Continue Reading
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Amidst fears of debt trap due to railway borrowing, a London-based international strategic railway delivery specialist, Rowland Ocholi Ataguba has faulted the present financial state of the Nigerian Railway Corporation, positing that the railway operation cannot repay the Chinese loans in its present form. In his reaction to a statement credited to the NRC management […]Continue Reading
News Politico Top Stories
The Abuja – Kaduna train project is one of the foremost projects executed with the loans from China, and there are doubts on how this project can generate enough to finance its repayment process, four years after the route was commissioned. In 2010, the Federal Government borrowed $500 million (about N190.5 billion) from the Chinese Government through […]Continue Reading