NRC: Nigeria Needs $66bn to Effectively Deliver Rail Transport Infrastructure Nationwide Urges FG to see investment in sector as social good
Emmanuel Addeh in Abuja
The Nigerian Railway Corporation (NRC) yesterday disclosed that
Nigeria will require at least $66 billion to effectively deliver the much-needed rail infrastructure nationwide.
The Managing Director of the NRC, Fidet Okhiria, who spoke on Channels Television, advised the government to see the construction
of rail lines as a social investment, rather than seeking immediate gains. Okhiria argued that building the rail system would not only enhance
the economy of Nigeria, but ease the general transportation problem in the entire country. However, in 2017, about seven
years ago, the amount the Nigerian government said it needed to Continued on page 10
FG, USAID Sign N115bn Deal to Support Nigeria’s Power Sector Reforms, Electrification Drive... Page 8 Thursday 11 July, 2024 Vol 29. No 10683. Price: N400
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FEC Steps Down Major Project Memos from Previous Governments Needing More Funding... Page 36
EFCC Witness Admits Emefiele’s Wife Not Beneficial Owner of CBN Contracts, Companies Says former apex bank’s governor does not have connection with companies under investigation, his wife not signatories to accounts
Funke Olaode
An Assistant Manager with Zenith
Bank Plc, Mrs. Ifeoma Ogbonnaya, has revealed that former Governor of the Central Bank of Nigeria (CBN),
Mr. Godwin Emefiele and his wife, Margaret were not signatories to the accounts alleged to be owned by
them. Ogbonnaya, who said this while being cross-examined by Emefiele's
Counsel, Mr. Olalekan Ojo, also told the court that neither the former CBN governor nor his wife were
signatories to the three accounts Continued on page 10
Ndume: Tinubu Trapped inVilla, Unaware of Acute Hunger Among Nigerians Says people who’ll tell him truth won’t struggle to reach him through backdoor Claims nothing appreciable is done lately to curb insecurity
Chuks Okocha and Sunday Aborisade in Abuja Senate Chief Whip, Ali Ndume, has alleged that President Bola Tinubu is held captive by forces in the Presidential Villa, who have been feeding him with lies and shielding him from selfless Nigerians who can tell him the truth. Ndume made the allegation yesterday while speaking with journalists at the National Assembly complex in Abuja. He was reacting to a resolution of the senate, which advised the federal government to address the hunger in the land or face the wrath of the people. Ndume had on Tuesday cosponsored a motion moved by Chairman, Committee on Senate Services, Senator Sunday Karimi, titled, "Urgent Need to address food insecurity and market exploitation of consumables in Nigeria." He told journalists that nothContinued on page 10
Shell Delegation’s facility visit to Dangote Refinery and Petrochemicals Plant...
L-R: Head of Business Development, Shell Trading and Shipping Company (STASCO), Filippo Bof; Managing Director, The Shell Petroleum Development Company of Nigeria Limited and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; President, Dangote Industries Limited, Aliko Dangote; Managing Director, Shell Western Supply and Trading, Rodrigo Teixeira de Abreu; and STASCO’s Business Development Manager (Nigeria), Bridget Ehime, after a Shell delegation’s facility visit to Dangote Refinery and Petrochemicals Plant in Lagos… recently