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Nairaland Forum / Nairaland / General / Politics / FG Releases N72bn For Lagos-ibadan Rail Line (12530 Views)
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FG Releases N72bn For Lagos-ibadan Rail Line by Boyoorisha: 3:59am On Jan 24, 2017 |
The Minister of Transportation, Mr. Rotimi Amaechi, on Monday stated that the Federal Government had released N72bn as its counterpart funds for the construction of the Lagos-Ibadan standard gauge railway line. The minister said this at the Second Presidential Business Forum, which was presided over by Vice President Yemi Osinbajo at the old Banquet Hall of the Presidential Villa, Abuja. He said the money was released in full so that there would be no delay in the implementation of the project. Amaechi also used the opportunity to appeal to the National Assembly to approve the $29.9bn foreign loan request made by President Muhammadu Buhari. He said, “On the construction of Lagos-Ibadan railway line, the Minister of Finance has been kind enough to release the counterpart funding in full. I think in the history of Nigeria, this is the first time that we are releasing counterpart funds in full so that there will be no delay since the Chinese loan appears to have been approved. “The only thing we need to do, I thank God there is somebody from the National Assembly here, is to plead with the National Assembly now that the funds have been approved; then, the National Assembly should please approve the $29.9bn loan. “If you don’t encourage the National Assembly to make that approval, then, the economy won’t be making the kind of progress we want it to make. So, for me here, I will persuade the National Assembly to kindly make that approval because it is tied to projects.” http://punchng.com/fg-releases-n72bn-lagos-ibadan-rail-line/ 3 Likes |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by Flexherbal(m): 4:02am On Jan 24, 2017 |
Hope they use the money for what it is meant for! 3 Likes |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by owopokiri: 4:05am On Jan 24, 2017 |
Meanwhile they are still searching for money for projects in the east though they insisted that most should be PPP.. , essentially, whosoever dares to build in the east will go and recover his or her money by tolling the roads. It is still one Nigeria, right? 8 Likes 3 Shares |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by Nobody: 4:05am On Jan 24, 2017 |
Embezzlement money don land |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by olaolaking: 4:12am On Jan 24, 2017 |
Good news though. But based on experience, I won't jump up yet 1 Like |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by Koleman(m): 4:35am On Jan 24, 2017 |
Formerly i for jump with joy but recently the reality is painful 4 Likes |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by mykeljosef: 4:50am On Jan 24, 2017 |
Koleman: olaolaking: make that fg releases 36 billion for half construction and 36 for some 5-10 people pocket at the 2 posters above me God bless you guys for the sense in ya comments |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by funlord(m): 5:09am On Jan 24, 2017 |
How many times will this road be budgeted for? |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by seunmsg(m): 5:49am On Jan 24, 2017 |
Oma307: Koleman: The money was released to the Chinese who will then add their counterpart funds to it once the National assembly approves the loan request. The money cannot be accessed by any government officials so, no embezzlement can take place. 37 Likes 4 Shares |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by seunmsg(m): 5:52am On Jan 24, 2017 |
funlord: Lagos-Ibadan standard gauge railway line is different from Lagos-Ibadan expressway. Read well before commenting next time. 84 Likes 4 Shares |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by funlord(m): 5:57am On Jan 24, 2017 |
seunmsg: An error on my part in posting Road or rail does not negate the point I have raised? Even the rail has been budgeted for in the past times without number with nothing to show for it! 1 Like |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by sarrki(m): 6:09am On Jan 24, 2017 |
Thank you Mr president God bless my president God bless federal republic of Nigeria 22 Likes 2 Shares |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by sarrki(m): 6:10am On Jan 24, 2017 |
funlord: Now we have a faithful servant at the helms of affairs God bless muhammadu Buhari God bless federal republic of Nigeria 34 Likes 3 Shares |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by seunmsg(m): 6:56am On Jan 24, 2017 |
funlord: Maybe it was budgeted for during the GEJ/PDP era and nothing was done about it. Under Buhari, it was only budgeted for in the current 2016 budget and true to promise, the full amount had been released to the Chinese contractors. 31 Likes 3 Shares |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by olasmith10(m): 7:08am On Jan 24, 2017 |
This will boost rural-urban, urban-rural migration.. You can now work in Lagos then live, sleep and relax at Ibadan and ogun 14 Likes |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by Corrinthians(m): 7:09am On Jan 24, 2017 |
funlord:When a kid is proving to be immume to correction.. 42 Likes 2 Shares
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Re: FG Releases N72bn For Lagos-ibadan Rail Line by Jaymaxxy(m): 7:22am On Jan 24, 2017 |
It's only in Africa you can't jubilate after hearing news like this. May God help us in this continent. 1 Like |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by George2016(m): 7:34am On Jan 24, 2017 |
We will jubilate when the project is completed |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by olaolulazio(m): 7:35am On Jan 24, 2017 |
Doing that from London I guess |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by soberdrunk(m): 7:36am On Jan 24, 2017 |
I dont like "Amaechi" and "rail" in the same sentence, it brings back sad memories 7 Likes |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by armadeo(m): 7:37am On Jan 24, 2017 |
Hood it would b done. Not probe in the next 4years 1 Like |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by Usernamesucks: 7:38am On Jan 24, 2017 |
This is a nice development. The pressure on the Lagos - Ibadan expressway will be greatly reduced. God bless Nigeria. 1 Like |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by AdonaiRoofing(m): 7:38am On Jan 24, 2017 |
Let it be released for real and not just on pages of newspapers Contact us for all your roofing jobs and roof maintenance |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by Omogbhollahorn(m): 7:39am On Jan 24, 2017 |
funlord: Rail ode oshi 1 Like |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by Desdola(m): 7:39am On Jan 24, 2017 |
Just hope the money is used judiciously. And a standard work that would stand d taste of time should be done. |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by progress69: 7:40am On Jan 24, 2017 |
owopokiri: U don't have to make a mockery of your self all the time 16 Likes |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by Boyoorisha: 7:40am On Jan 24, 2017 |
funlord: Which road! 1 Like |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by slurryeye: 7:41am On Jan 24, 2017 |
Nice development |
Re: FG Releases N72bn For Lagos-ibadan Rail Line by FearFactor1: 7:43am On Jan 24, 2017 |
Lala or whoever moved this post to FP, kindly explain why disciplinary actions should not be taken against you as you have intentionally, maliciously and apparently deleted initial posts before moving the thread to FP. Thanks 3 Likes |
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