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Transport Minister says $1.9 billion for Kano-Maradi rail to be sourced from Europe

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The Minister of Transportation, Rotimi Amaechi, has said that the Kano-Maradi (Niger Republic) rail route venture will cost the Federal Government the amount of $1.9 billion, with the supports expected to be generally sourced from Europe.

He said the financing is being haggled for the railroad project which is relied upon to be hailed off this week by President Muhammadu Buhari.

This exposure was made by Amaechi while talking on a Channels Television program, Sunday Politics, on Sunday, February 7, 2021.

The venture is one of Nigeria’s essential endeavors to situate itself to exploit Niger’s landlocked status and will interface Kano to Apapa Port in Lagos.

What the Minister of Transportation is saying

The Minister said, “The task will cost us $1.9bn and we will source it from generally Europe.”

Amaechi, in any case, noticed that the nation had not gotten the cash, focusing on that “we are tied in with finishing up.”

While reacting to an inquiry on what amount of time it would require for the nation to reimburse the credit, the previous Rivers State Governor clarified that it was not inside the purview of his Ministry, but rather noticed that the rail route venture would begin on Tuesday.

He said, “That is the obligation of the Ministry of Finance. At the point when we would pay; what are the terms of understanding for the credit and all that would be the obligation of the Ministry of Finance.

“In this way, that question can be coordinated to the Minister for Finance. For us in Transportation, our responsibility is to work with the Ministry of Finance to get the credit and initiate development and we figure we would start development on Tuesday.”

He expressed that the undertaking would open up the nation to greater speculation, contending that it was to Nigeria’s greatest advantage for the Kano-Maradi rail route to be developed.

Amaechi said, “The interest is public; the interest is about Nigeria. The Maradi terminal is only 20 kilometers from Nigeria; only 20 kilometers. Thus, there is no tremendous speculation like Nigerians are thinking.”

The Minister said the Lagos-Kano business passageway transports 30,000,000 tons of load every year, with just 200,000 of that at present conveyed by rail and the rest by street. This, he depicted as over the top.

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Video: Mojisola Oduola -Kabiyesi

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At last the long awaited video is out . KABIYESI The unquestionable God.

watch and make sure you subscribe to my YouTube channel. May God bless you as you do so.

This will surely serve as my birthday gift from my love ones.
Click on the link below

CLICK TO DOWNLOAD

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Funny tweets, memes and videos from Twitter NG for “Happy 420”

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Today’s date, April 20, stylised as 4/20 is a day worldwide commemorated by stoners or smokers of weed to celebrate marijuana. In short, it is treated as a public holiday for weed/marijuana and termed—Happy 420.

Twitter NG i.e users of Twitter in Nigeria, as it is the yearly custom are trending “Happy 420” as the number one topic in the country. While many really used the medium to share their unwavering love for weed, others have taken it upon themselves to make funny tweets, memes, skits and share several videos in relation to weed smoking and “Happy 420” as an entity.

While some tweeps take jab at those who don’t smoke weed but indulge in the “woke” culture by wishing stoners a “Happy 420”, others in their own way intentionally misinterpret certain scriptural verses for comedic purpose in order to aid and bait their smoking habits, still others take it upon themselves to disperse various memes which for sure will bring a smile upon your face. That’s not all, though, for we have some tweeps who did brainstorm to form some of the best puns concerning weed and stoners jokes ever. Well we can say irrespective of the way they passed their message regarding “Happy 420”, they all ended on a high note. Enjoy!

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FG to extend fuel subsidy for 6 months

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The Nigerian Government may have suspended plans to end its subsidy payments as reports indicate that the FG plans to spend N720 billion for the next 6 months on Premium Motor Spirit (PMS) subsidies.

This was disclosed in an exclusive report by The Guardian on Sunday, citing that President Muhammadu Buhari ordered that the subsidies remain in place for the next 6 months.

“Specifically, President Buhari has asked the Nigeria National Petroleum Corporation (NNPC) to suspend any idea on subsidy removal for five to six months so that a plan that does not harm ordinary Nigerians is evolved if the deregulation must go on,” a Government official said.

What you should know

NNPC GMD, Mele Kyari disclosed last month that the “NNPC may no longer be in a position to carry that burden because we cannot continue to carry it in our books,” after reports of fuel imports under-recovery revealed the FG was spending N120 billion a month on subsidy.
Kyari also hinted that they may soon start selling PMS at market prices saying: “NNPC importing PMS at market price and selling at N162/L. The actual market price should be between N211 and N234/L. Meaning is that consumers are not paying the market price.
“NNPC is currently the sole importer of PMS, and we’re trying to exit the underpriced sale of PMS. Eventual exit is inevitable, when it will happen I cannot say, but engagements are ongoing because the government is cognisant of the implications.”

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