Monday 23 January 2017



BREAKING News: FG Releases N72bn for Lagos-Ibadan Rail Line... See Details

The President Muhammadu Buhari-led Federal Government has released fund for the construction of the Lagos-Ibadan modernization railway project.

Rotimi Amaechi
 
While speaking 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 on Monday, the Minister of Transportation, Rotimi Amaechi, said that the Federal Government has released its counterpart fund for the construction of the Lagos-Ibadan mordernisation railway project.
 
According to Punch, the outspoken minister who put the figure at N72billion, said that the counterpart funding was released in full so that there will be no delay in the project implementation.
 
He also used the opportunity to appeal to the National Assembly to approve the $30bn foreign loan request.
 
He said, “The construction of Lagos-Ibadan Railway, the Minister of Finance has been kind enough to release the counterpart funding in full.

“I think in the history of Nigeria this is 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, is to plead with the National Assembly that the funds has been approved, then the National Assembly should please approve the $30bn 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 the economy to make.

“So, for me here, I will enjoin to persuade the National Assembly to kindly make that approval because they are tied to projects.”
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Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING

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