Rail: FG Secures $1.3bn for Completion of Kano-Katsina-Jibiya-Maradi Project Kasim Sumaina in Abuja The Ministry of Transportation has secured the sum of $1.3 billion for the completion of the Kano-Katsina-
Jibiya-Maradi rail project. The move, according to the government, signifies a monumental step forward in the completion of the critical infrastructure, which it
stated would strengthen the socioeconomic ties between Nigeria and the Niger Republic. The Minister of Transportation, Senator Said Ahmed Alkali, while
announcing the major milestone in the financing of the project yesterday, in Abuja, noted that the China Civil Engineering Construction Company (CCECC) would provide 85 per cent
of the money while the Nigerian government provide 15 per cent. "It’s EPC+F Model. Engineering, Procurement, Construction and Financing (EPC- F contract).
This rail link, a key component of President Tinubu's Renewed Hope Agenda, is set to enhance regional Continued on page 10
FG Presses Binance to Divulge User Data Amid Naira Speculation Probe... Page 6 Wednesday 13 March, 2024 Vol 29. No 10563. Price: N400
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Tinubu Meets Akpabio, Jibrin After Senate Suspends Ningi over Budget Padding Allegation Jarigbe, spokesperson disagree over alleged N500m largesse to lawmakers Senate Leader claims some senators planning to impeach Akpabio before June Embattled senator resigns as NSF chair Deji Elumoye, Chuks Okocha and Sunday Aborisade in Abuja
President Bola Tinubu, yesterday, met behind closed-doors with President of the Senate, Senator Godswill Akpabio, and his deputy, Senator Barau Jibrin, soon after the senate suspended Senator Abdul Ningi over
his allegation that the upper chamber padded the 2024 national budget. But Ningi’s suspension flies in the face of legal precedent, as shown by a 2020 appeal court ruling in the case of some suspended members of the Ondo State House of Assembly. Continued on page 10
L-R: Deputy Leader of the Senate, Senator Oyelola Ashiru; Chief Whip of the Senate, Senator Ali Ndume; Leader of the Senate, Senator Opeyemi Bamidele; President of the Senate, Senator Godswill Akpabio and Chairman, Senate Committee on Power, Senator Enyinnaya Abaribe discussing after Senator Abdul Ningi’s suspension at the Senate Chamber, Abuja … yesterday
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Potential to generate up to 1bcf per day incremental domestic gas supply and create
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Directives aim to shorten Nigeria’s oil and gas contracting cycle from 38 months to global standards of <6 months; to speed up production of oil and gas
Directives seek to reduce operating costs for oil and gas operations in Nigeria; which currently exceed global standards by up to 40%
in new oil & gas investments
Enhanced security measures across the Niger Delta have delivered increased revenue from LNG Exports; cargoes have grown from an average of 16 in 2023 to
Oil production has risen from 1.22mbpd in Q2 2023 to
1.6mbpd in Q1 2024
FEDERAL MINISTRY OF INFORMATION AND NATIONAL ORIENTATION