Following the review of the contract terms on the proposed standard gauge railway projects by the China EXIM Bank, the Federal Government will now spend not less than N300billion extra to settle land compensation, insurance, tax and survey.
The project which will commence as soon...
About a week after the Federal Government announced the release of N72bn as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the project on behalf of the...
A move to harmonise the contentious issues between the Presidency and the National Assembly over the 2016 budget is set to be fruitful soon.
This is coming as more details emerged about how the National Assembly(NASS) tinkered with the budget, moving funds away from critical...
