FG signs $5.1bn rail contracts with Chinese firm

The Federal Government has signed two contracts valued at $5.1bn with the China Civil Engineering Construction Corporation for the construction and modernisation of rail lines in different parts of the country.

According to the Federal Ministry of Transportation, the two agreements are the Kano-Kaduna Segment 3 of the Lagos-Kano rail modernisation project with a contract sum of $1.68bn, and the Calabar-Port Harcourt Segment 1, which extends to Onne Deep Seaport of the coastal rail project at a cost of $3.4bn.

The Minister of Transportation, Rotimi Amaechi, who signed on behalf of the Federal Government, said the government had started the segmentation of the same contract in line with its resolutions with the China-Exim Bank.

Amaechi, in a statement issued by his ministry on Thursday, said the Federal Government would release its counterpart funds as quickly as possible, adding that with the cooperation of the China-Exim Bank, the projects would be achieved in November 2018.

“I have assured Mr. President that we need to complete these projects in two years,” the minister was quoted in the statement.

The Managing Director, CCECC, Mr. Jack Li, assured the Federal Government of his company’s readiness to complete the projects in two years as this would benefit the travelling public.

He added that with the completion of the standard-gauge Abuja-Kaduna rail project, Nigeria had entered a new era in the transportation sector.

On Monday, the China Railway Construction Corporation announced that it had won a $1.851bn contract to construct the Kano city light rail, as its directors had received a provisional letter of award from Nigeria.

The CRCC had stated that the rail, with a total length of 74.3km, was expected to travel at a speed of 100km per hour.

Rail transportation received a boost in Nigeria on July 26 this year when President Muhammadu Buhari inaugurated the Abuja-Kaduna commercial train operation after a series of postponements.

The modernisation phase of the project had commenced with the signing of the contract for the construction of Abuja (Idu) to Kaduna (Rigasa) rail line in 2009.

Buhari had said the rail line would significantly enhance and provide affordable and safe movement of passengers and freight between the Federal Capital Territory and Kaduna State.

He noted that the train operation would also serve as a major catalyst for industrialisation and generation of employment.

How eclipse can generate forex for Nigeria, by NARSDA DG On September 2, 20161:32 amIn NewsComments By Emmanuel Elebeke, Susan Onuorji, Chiamaka Ajeamo & Rebecca Amos, ABUJA— Director-General, National Research and Space Development Agency, NARSDA, Prof. Seidu Mohammed, has said the occurrence of eclipse was capable of generating billions of dollars for the economy through tourists attraction. Counterfeit nairaMohammed made the assertion, yesterday, during the observation of the annular eclipse at Obasanjo Space Centre, Abuja. The Director-General, who dismissed the erroneous belief that the occurrence of eclipse signifies the anger of the gods, said such occurrence was natural and could add value to the nation’s economy by attracting tourists from all parts of the world to Nigeria. He stressed the need for the sensitization of Nigerian public about the causes of eclipse as against the erroneous belief, describing it as a major scientific issue that occurs when the three celestial bodies (the sun, earth and moon) come to alignment. He said: “We must understand that in some places, it attracts tourism. As we speak, in Indonesia, it is lasting for about two hours with total darkness, as advertised in the last two weeks and thousands of tourists are there. “What it means is that hoteliers and tourists are smiling home in Indonesia. We can develop our own because it can last for hours. That is why we brought children to learn and they are happy. We must train them as scientists. “We must diversify our economy through focus and commitment on space technology, we must train people on it, and this is a major platform for that. We must sensitise people to know that this is a national phenomenon within the celestial bodies and that God is not angry with us as some people believed. We are happy at it because it is normal.”

Read more at: http://www.vanguardngr.com/2016/09/eclipse-can-generate-forex-nigeria-narsda-dg/

How eclipse can generate forex for Nigeria, by NARSDA DG On September 2, 20161:32 amIn NewsComments By Emmanuel Elebeke, Susan Onuorji, Chiamaka Ajeamo & Rebecca Amos, ABUJA— Director-General, National Research and Space Development Agency, NARSDA, Prof. Seidu Mohammed, has said the occurrence of eclipse was capable of generating billions of dollars for the economy through tourists attraction. Counterfeit nairaMohammed made the assertion, yesterday, during the observation of the annular eclipse at Obasanjo Space Centre, Abuja. The Director-General, who dismissed the erroneous belief that the occurrence of eclipse signifies the anger of the gods, said such occurrence was natural and could add value to the nation’s economy by attracting tourists from all parts of the world to Nigeria. He stressed the need for the sensitization of Nigerian public about the causes of eclipse as against the erroneous belief, describing it as a major scientific issue that occurs when the three celestial bodies (the sun, earth and moon) come to alignment. He said: “We must understand that in some places, it attracts tourism. As we speak, in Indonesia, it is lasting for about two hours with total darkness, as advertised in the last two weeks and thousands of tourists are there. “What it means is that hoteliers and tourists are smiling home in Indonesia. We can develop our own because it can last for hours. That is why we brought children to learn and they are happy. We must train them as scientists. “We must diversify our economy through focus and commitment on space technology, we must train people on it, and this is a major platform for that. We must sensitise people to know that this is a national phenomenon within the celestial bodies and that God is not angry with us as some people believed. We are happy at it because it is normal.”

Read more at: http://www.vanguardngr.com/2016/09/eclipse-can-generate-forex-nigeria-narsda-dg/

How eclipse can generate forex for Nigeria, by NARSDA DG On September 2, 20161:32 amIn NewsComments By Emmanuel Elebeke, Susan Onuorji, Chiamaka Ajeamo & Rebecca Amos, ABUJA— Director-General, National Research and Space Development Agency, NARSDA, Prof. Seidu Mohammed, has said the occurrence of eclipse was capable of generating billions of dollars for the economy through tourists attraction. Counterfeit nairaMohammed made the assertion, yesterday, during the observation of the annular eclipse at Obasanjo Space Centre, Abuja. The Director-General, who dismissed the erroneous belief that the occurrence of eclipse signifies the anger of the gods, said such occurrence was natural and could add value to the nation’s economy by attracting tourists from all parts of the world to Nigeria. He stressed the need for the sensitization of Nigerian public about the causes of eclipse as against the erroneous belief, describing it as a major scientific issue that occurs when the three celestial bodies (the sun, earth and moon) come to alignment. He said: “We must understand that in some places, it attracts tourism. As we speak, in Indonesia, it is lasting for about two hours with total darkness, as advertised in the last two weeks and thousands of tourists are there. “What it means is that hoteliers and tourists are smiling home in Indonesia. We can develop our own because it can last for hours. That is why we brought children to learn and they are happy. We must train them as scientists. “We must diversify our economy through focus and commitment on space technology, we must train people on it, and this is a major platform for that. We must sensitise people to know that this is a national phenomenon within the celestial bodies and that God is not angry with us as some people believed. We are happy at it because it is normal.”

Read more at: http://www.vanguardngr.com/2016/09/eclipse-can-generate-forex-nigeria-narsda-dg/

How eclipse can generate forex for Nigeria, by NARSDA DG On September 2, 20161:32 amIn NewsComments By Emmanuel Elebeke, Susan Onuorji, Chiamaka Ajeamo & Rebecca Amos, ABUJA— Director-General, National Research and Space Development Agency, NARSDA, Prof. Seidu Mohammed, has said the occurrence of eclipse was capable of generating billions of dollars for the economy through tourists attraction. Counterfeit nairaMohammed made the assertion, yesterday, during the observation of the annular eclipse at Obasanjo Space Centre, Abuja. The Director-General, who dismissed the erroneous belief that the occurrence of eclipse signifies the anger of the gods, said such occurrence was natural and could add value to the nation’s economy by attracting tourists from all parts of the world to Nigeria. He stressed the need for the sensitization of Nigerian public about the causes of eclipse as against the erroneous belief, describing it as a major scientific issue that occurs when the three celestial bodies (the sun, earth and moon) come to alignment. He said: “We must understand that in some places, it attracts tourism. As we speak, in Indonesia, it is lasting for about two hours with total darkness, as advertised in the last two weeks and thousands of tourists are there. “What it means is that hoteliers and tourists are smiling home in Indonesia. We can develop our own because it can last for hours. That is why we brought children to learn and they are happy. We must train them as scientists. “We must diversify our economy through focus and commitment on space technology, we must train people on it, and this is a major platform for that. We must sensitise people to know that this is a national phenomenon within the celestial bodies and that God is not angry with us as some people believed. We are happy at it because it is normal.”

Read more at: http://www.vanguardngr.com/2016/09/eclipse-can-generate-forex-nigeria-narsda-dg/