FEC approves $2.99bn rail projects for Lagos, Kano, Kaduna

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has announced that the Federal Executive Council, FEC, has approved contracts for 3 large obstruction projects aimed astatine strengthening infrastructure and driving economical maturation crossed cardinal municipality centres.

Oyedele disclosed this connected Thursday portion briefing State House correspondents aft the 5th assembly meeting, presided implicit by President Bola Tinubu astatine the Presidential Villa successful Abuja.

He explained that the projects, which volition beryllium implemented successful Lagos, Kano and Kaduna, are aligned with the national government’s improvement docket and are expected to heighten productivity, amended municipality mobility and rise surviving standards.

“We cognize that for economical development, you request infrastructure that works, 1 that enhances productivity and growth, and besides improves the prime of beingness of the people,” Oyedele said.

The approved projects see Phase 1A of the Lagos Green Line rail, the Kano Metro City obstruction project, and the Kaduna airy obstruction system.

According to the minister, the 3 locations were selected owed to their strategical value arsenic economical hubs whe...