LAGOS/IBADAN SPEED TRAIN TO BE READY BY JANUARY 2021 SAYS AMAECHI

By Adeyinka Aderibigbe and Frank Ikpefan From the Minister of Transportation Rotimi Amaechi came assurances on Saturday that the Lagos-Ibadan Standard Gauge will be President Muhammadu Buhari’s new year gift to Nigerians. Amaechi said no stone would be left unturned to ensure delivery of the train by January 1, 2021. The Minister spoke at Moniya Station, in Ibadan, after conducting top members of the ministry, and the Nigerian Railway Corporation on an assessment tour of the project being handled by the China Civil Engineering Construction Corporation (CCECC). Amaechi who expressed…

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500MIL DOLLAR CHINESE LOAN UNNECESSARY AS LOAN HAS BEEN APPROVED, SAYS REPS

Leke Baiyewu, Abuja The House of Representatives on Monday defended its decision to suspend activities of its standing and ad hoc committees, saying there was no hidden agenda. It also faulted its Committee on Treaties, Protocols and Agreements for investigating the $500m loan facility Nigeria recently secured from China, saying it had already been approved by the National Assembly and captured in the 2020 Appropriation Act. But before activities of the committees were suspended on Thursday, the Committee on Treaties, Protocols and Agreements had written the Ministry of Transportation,  demanding…

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HOW FG SIGNED 33BIL DOLLAR CHINESE LOAN WITHOUT PROPER DOCUMENTATION OF TERMS, NO CLEAR CUT FINANCIAL ARRANGEMENT

uncovers $33 billion contract without clear cut terms ° We have no such contract, say Amaechi By Tony Akowe, Abuja The House of Representatives said on Monday that Nigerian government officials signed empty repayment loan documents for the development of the Nigeria Rail sector even before the terms of the loans were negotiated. The House also said that it discovered that the Ministry of Transportation signed a commercial contract worth $33 billion dollars without any clear cut financial arrangement while most of the contracts agreement did not have local content…

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NATIONAL ASSEMBLY SHOULDN’T HAVE APPROVED CHINESE LOANS OVER SOVEREIGNTY CLAUSE SAYS INTRANSIGENT AMAECHI

The Minister of Transportation, Chibuike Amaechi has again questioned the National Assembly’s position on the country’s loan agreements with China. Amaechi dispelled the notion that Nigeria’s sovereignty has been signed off to China in the process of obtaining the loans. He wondered why the National Assembly went ahead to approve the loans knowing it was signing off the country’s sovereignty. A statement by his media office said that the Minister spoke on a TV programme on Tuesday. It quoted him saying, the National Assembly says “we have signed out the…

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THE CHINESE LOANS AND HOW THEY ENTANGLE MANY COUNTRIES THROUGH DEBT TRAP DIPLOMACY: WHY AMEACHI WILL NOT WANT NASS TO PROBE THE TERMS, WHY NIGERIANS SHOULD NOT KEEP QUIET NOW

The Nigerian press has been awash with concern about the terms of some loans contracted with or about to be contracted with China. The Minister of Transport, Rotimi Amaechi, even called on legislators to “look the other way” rather than conduct their due diligence on the loans, or else China will withdraw its support. In this report, we try to tease out all the different strands of the debate. What is the status of China loans to Nigeria? Data obtained from the Debt Management Office (DMO) showed that between 2010 and March…

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ABUJA KADUNA TRAIN RESUMES JULY 29 SAYS AMAECHI

The Minister of Transportation, Rotimi Amaechi, has said the Abuja-Kaduna rail service would resume on July 29. Amaechi disclosed this while test-running new coaches recently deployed on the route on Saturday. Train services were shut down in March to curtail the spread of COVID-19 in the country. According to the minister, there has been pressure from several quarters to resume the railway service before Sallah. He said, “We will resume the Abuja-Kaduna train service on Wednesday, July 29.” On the fare, Amaechi said after due considerations, the President, Major General…

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NDDC CRISIS: HOW BATTLE FOR SUPREMACY BETWEEN AKPABIO AND AMAECHI, DELTA 2023 GUBER RACE ALL FUEL LOOTING AND POWERPLAY

PORT HARCOURT – A deeper investigation by Sunday Independent into the crisis engulfing the Niger Delta Development Commission (NDDC) has exposed multiple components carefully or­ chestrated by powerful forces beyond the Niger Delta region. According to our sources, these forces are merely using the services of cronies in the oil-producing states to milk up the commission for the lubri­cation of their political wheels. APC/PDP Factor In South South As it stands at the moment, the All Progressives Congress (APC) has been dislodged from the South-South geo-political zone, with the defection…

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IBADAN-KANO RAIL ROAD WILL BE READY BY 2023- AMAECHI

The Federal Government has said the Ibadan-Kano rail line will be ready by 2023. The Minister of Transportation, Rotimi Amaechi, said this in an interview with journalists in Abuja. The minister expressed optimism that the project would be ready before the President, Major General Muhammadu Buhari (retd.), leaves office in 2023. When asked what could be the reason for the delay in completing the Lagos-Ibadan rail project, he said it was not the fault of the contractors but the urban nature of Lagos. He said, “We have pipes. For instance,…

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AMAECHI SPEAKS ON BAN ON OKADA, TRICYCLE, SAYS IT MAY LEAD TO INCREASE IN CRIME

Temidayo Akinsuyi, Lagos Minister of Transportation, Rotimi Amaechi on Monday said Lagos State governor, Babajide Sanwo-Olu must have considered the interest of a greater percentage of Lagosians before deciding to ban Okada and tricycles in some parts of the state. Speaking on Channels Television programmed ‘Sunrise Daily’, the Minister who was a former governor of Rivers state said he also took the decision to ban Okada during his tenure as some people were using it to rob and kidnap people. He, however, said banning Okada and tricycles without provision of…

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CHINESE COMPANY’S DELAY IN COMPETING RAILWAY STATIONS EMBARRASSING – AMAECHI

The Minister of Transportation, Mr Rotimi Amaechi, has described as embarrassing the delay by the China Civil Engineering and Construction Corporation in completing the 10 railway stations along the Lagos-Ibadan standard gauge rail line. Amaechi made the remarks on Friday at the Abeokuta rail station under construction, during the monthly inspection of the on-going Lagos to Ibadan Rail project. According to him, CCECC, the contractor handling the 156km rail line, has reduced the pace of work between the last two inspections in November and December. “The delay is becoming an…

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