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January 22, 2021
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Bill Seeking To Remove Railways From Exclusive List Passes Second Reading

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The House of Representatives passed for second reading a Bill seeking to alter the 1999 constitution to remove railways from the exclusive legislative list and put it in the concurrent list. The bill seeks to amend item 55 on the exclusive legislative list on the second schedule of the 1999 Constitution. The legislation titled “An […]Continue Reading
Business News

Low Patronage as Lagos-Ibadan Train Service Begins

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Only one passenger turned up and made the historic trip from Ibadan to Lagos yesterday as the Lagos-Ibadan standard gauge train started operation. The newly introduced service, according to the Nigeria Railway Corporation (NRC), provides fully air-conditioned train services in the Economy, Business and First Class categories. The corporation deployed only one Diesel Continue Reading
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FG approves charges for Lagos-Ibadan Rail

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The Federal Government has approved passengers’ charges on the new Lagos Ibadan rail standard gauge. The Minister of Transportation, Rotimi Amaechi, made the disclosure during the inauguration of the Governing Council of the Chartered Institute of Transport Administration of Nigeria (CIOTA) in Abuja on Friday. The Nigerian Railway Corporation (NRC) Managing Director Engr Continue Reading
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Legal Tussle may Stall Port Harcourt -Maiduguri Rail Contract

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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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Nigeria: Stakeholders Canvass Diversification of Railway Financing Sources

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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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Nigeria: With Operating Deficit of N7-10 billion, Railways Can’t Repay Loans Without Reforms

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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
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N190bn Debt: Abuja-Kaduna Train Service And Burden of China Loan

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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