Federal Govt Approves $2.81bn, N4.96bn For Railway, NECO Projects

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Federal government has approved the sum of $2.810 billion for the Ministry of Transportation to procure rolling stocks and other operational and

Also, the council approved a printing contract for the National Examination Council , which was presented to FEC by the Ministry of Education at the sum of N4.965 billion.

Speaking to State House correspondents after the Federal Executive Council meeting which was presided over by Vice President Yemi Osinbajo, the minister of transportation, Chibuike Amaechi, said the contract was for the smooth running of the rail lines. He said, “I have the approval of the cabinet to procure rolling stocks, operational and maintenance equipment for the new railway projects corridors in Ibadan to Kano standard gauge and Port Harcourt to Maiduguri narrow gauge rail lines to the tune of $2,810,574,064.92, including 7.5 percent tax.“Rolling stocks are consumables for the maintenance and operation of the railway.

“So, with this, we will replace all the rolling stock. They are essentially the consumables we use to maintain the trains, coaches, and locomotives”, he explained. On his part, the minister of education, Mallam Adamu Adamu, said the council approved the contract to enable NECO print materials for its Senior School Certificate Examinations at the cost of N4,965,986,573.89.

 

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