By Hassana Abdullahi
The Federal Executive Council has approved contracts totaling $2.99 billion for the construction of three major rail projects across Nigeria.
Announced by Minister of Finance Taiwo Oyedele, these projects aim to boost economic development and improve the quality of life for daily commuters.
The approved infrastructure specifically covers Phase 1A of the Lagos Green Line rail project, the Kano Metro rail project, and the Kaduna light rail system. The target cities were selected by the council due to their strategic importance as major national economic hubs.
The projects will be funded through the Ministry of Finance Incorporated on behalf of the federal government, with active support from standard counterpart funding arrangements.
Government authorities maintain that these major corridors will unlock job opportunities, alleviate heavy traffic gridlocks, and attract stronger local and foreign investments to the regions.