Transport Archives — Page 22 of 23

March 8, 2017 No Responses

FG seeks self-sustaining railway, completes studies on 13 routes

It is important to have viable self-sustaining and self-improving railway service, the Acting President, Prof Yemi Osinbajo has said. Speaking in Lagos at the Ground Breaking Ceremony of the Segment II Lagos-Ibadan Rail Project with extension to Lagos Port Complex,...

February 15, 2017 No Responses

Labour: Increase in BRT, LAGBUS fares is insensitive

Lagos State council of Trade Union Congress of Nigeria (TUC) has condemned increase in the transport fares of BRT and LAGBUS buses. In a statement on Tuesday, TUC described the increase announced by the Managing Director of Lagos Metropolitan...

February 8, 2017 No Responses

Nigeria Railway boss explains increase in Abuja-Kaduna fare

The Managing Director, Nigerian Railway Corporation (NRC), Fidet Okhiria, has explained that the increase in fare of Abuja-Kaduna rail line was to meet up with the part cost of the rail operations. Mr. Okhiria told the News Agency of Nigeria...

January 30, 2017 No Responses

Bank approves N408b for Lagos-Ibadan rail project

Barely one week after the Federal Government announced the release of N72billion 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 pr...

January 25, 2017 No Responses

FG tasks General Electric CEO on $2b East-West rail project

The Vice President, Prof. Yemi Osinbajo, on Tuesday in Abuja urged a delegation from General Electric (GE) led by its Global Chief Eexecutive Officer, Jeff Immelt to speed up its infrastructural engagements in Nigeria. One of such engagements according to...

January 24, 2017 No Responses

FG releases N72b for Lagos/Ibadan rail project

As part of its commitment to the Lagos-Ibadan rail development project, the Federal Government has released N72 billion of its counterpart funding. Minister of Transportation, Rotimi Amaechi who disclosed the development on Monday explained that Chinese partne...

January 11, 2017 No Responses

FG awards contract for repair of Abuja-Kaduna road

Sequel to the planned usage of the Kaduna International Airport for flights in and out of Abuja, while the runway of the Nnamdi Azikwe International Airport, Abuja undergoes rehabilitation works, the Federal Government has awarded a contract for the emerge...

November 15, 2016 No Responses

‘Only 3000 out of 10,000 kilometers of Nigeria’s waterways are navigable’

The National Inland Waterways Authority (NIWA) has only succeeded in exercising the powers vested on it by the Act establishing Nigeria’s over 3000 kilometers of navigable waterways from Nigeria/Niger and Nigeria/Cameroon borders to the Atlantic Ocean. The G...

November 9, 2016 No Responses

Senate faults rail track concession deal with General Electric

Citing lack of due process, the Nigerian Senate on Tuesday commenced investigation into the concession of Eastern and Western rail lines to General Electric (GE). According to the Senate, the contract entered into with the United States Company did not...

November 1, 2016 No Responses

FG to adopt new ship finance model

Minister of Transport, Rotimi Amaechi has pledged the commitment of the Federal Government to adopt resolutions reached at the proposed Nigeria Ship Finance Conference. Speaking at a pre-event dinner in Lagos, Amaechi said: “I assure you that whatever dec...

October 20, 2016 No Responses

FG approves transaction adviser on rail concessioning

The Federal Executive Council (FEC) on Wednesday approved the appointment of transaction advisers to negotiate with General Electric (GE) on railline concessioning. Speaking at the end of the meeting presided over by President Muhammadu Buhari, Minister ...

October 13, 2016 No Responses

Minister pledges full implementation of ISPS Code

The Federal Government has reiterated Nigeria’s commitment to maritime security through the full implementation of the International Ship and Port Facility Security (ISPS) code. This commitment was made by the Minister of Transportation, Rotimi Chibuike A...

October 7, 2016 No Responses

‘Trade, Transport Interconnectivity critical to sustained growth in Africa’

Member States of Union of Africa Shippers Council (UASC) on Thursday in Abuja commenced a two-day special Sub-Regional Interactive meeting aimed at improving trade and transport infrastructure within the continent. With the theme:Transport Infrastructure De...

September 16, 2016 No Responses

Motorists, commuters groan on Lagos-Ibadan Expressway

Motorists and commuters playing the Lagos-Ibadan Expressway have continued to groan over the slow-pace of work on the stretch of the road with most of them spending several hours for a journey that was supposed to last for 15minutes, ...