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Maritime Security: FG Plans To Spend N8.9bn On Boat Rentals

Maritime Security: FG Plans To Spend N8.9bn On Boat Rentals         The Federal Government through the Federal Ministry of Transportation is proposing to spend a whopping N8.7billion annually as rentals for fast intervention boats with which it hopes to tackle maritime crimes on the nation’s coastal...

Deep Blue Project: Minister Threaten To Withhold Contractor’s Fee

Deep Blue Project: Minister Threaten To Withhold Contractor’s Fee         The Minister of Transportation, Mr. Rotimi Amaechi, has threatened to withhold the balance of the contract fees of the Deep Blue Project if all the terms of the project were not met. Speaking during an inspection tour...

FEC Okays $3.02bn For PH-Maiduguri Rail Line

FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...

FG Will Complete $1.6bn Lagos-Ibadan Railway December – Amaechi

FG Will Complete $1.6bn Lagos-Ibadan Railway December – Amaechi       The $1.6bn Lagos-Ibadan railway project will be completed in December this year or early January 2021, the Minister of Transportation, Rotimi Amaechi, announced on Thursday. Amaechi, who disclosed this during a live television programme that also had...

Nigerian Illegally Collecting $36,000/month From Ship Owners – Amaechi

Nigerian Illegally Collecting $36,000/month From Ship Owners – Amaechi       The Minister of Transportation, Rotimi Amaechi, has registered his displeasure with continuous patronage of illegal harbours known as secure anchorage areas. According to the minister, an individual has sought to exploit the industry by collecting $1,200 daily...

China Becoming Apprehensive About Nigerian Loans – FG

China Becoming Apprehensive About Nigerian Loans - FG     China is becoming apprehensive about releasing loans to Nigeria following probes by the National Assembly on loans earlier released to Nigeria by the Asian nation, the Federal Government said on Tuesday. Although the government insisted that no nation...