Rotimi Amaechi Archives - Page 6 of 10

FG shops for N5.9tr loan to deliver multiple rail projects over China delays

February 10, 2022February 10, 2022 Aminu Imam

With a protracted delay from China in opening up funds for Nigeria, the federal government is turning to the British market where it expects to raise $14.4 billion (about N5.993 trillion) at least for multiple rail projects. Already, reports said the Standard Chartered Bank has agreed to offer a $3.02 billion (N1,256tr) loan to fund rail projects. There are indications that such a move could cut the exposure of the country to Chinese loans. Recall that Amaechi told Bloomberg, in June last year, that Nigeria is seeking $14.4bn loans for…

Amaechi�s Daura title boost to Igbo Presidency � Ohanaeze Ndigbo

February 7, 2022February 7, 2022 Aminu Imam

The pan-Igbo socio-cultural group, Ohanaeze Ndigbo Worldwide, has described the turbaning of Minister of Transportation, Rotimi Amaechi, as the ?an Amanar Daura, as a big boost to the realisation of Igbo presidency in 2023. In an issued statement by its Secretary-General, Okechukwu Isiguzoro, in Kaduna yesterday,the Ohanaeze Ndigbo, which described the former Rivers State governor as as beloved son of the Igbo ‘nation’ and the battle-axes of Ndigbo, said Amaechi an asset to Ndigbo for the 2023 Project. The socio-cultural group said: �The new ?an Amanar Daura, Rt. Hon Chibuike…

Buhari congratulates Amaechi, Danu on conferment of Daura traditional titles

February 6, 2022February 6, 2022 Aminu Imam

President Muhammadu Buhari has congratulated two chieftains of the All Progressives Congress, (APC), Minister of Transportation and two-time Director-General of his election campaigns, Rotimi Amaechi, and Nasiru Haladu Danu, a reputable businessman, on the conferment of chieftaincy titles on them, by the Daura Emirate Council. According to a statement by Senior Special Assistant to the President on Media and Publicity, Garba Shehu, Buhari described the conferment of the title of ‘?an Amana‘ (the trusted one) to Amaechi as a clear commitment to the harmonious relationship between the nation�s diverse cultures.…

Funding may delay completion of Kano-Kaduna railway project � Amaechi

February 5, 2022February 5, 2022 Aminu Imam

Minister of Transportation, Rotimi Amaechi, has warned inadequate funding may delay the completion of the Kano-Kaduna rail project. The Minister revealed that the Federal Government is sourcing funds for the project from various financial institutions for the execution of the project. The Minister also hinted that the Federal Government has so far injected over $400million into the project. The project, which is pegged at $1.2billion, is slated for completion in 18 months. Speaking about the funding challenge, the Minister, who was in Kano yesterday for an inspection of the project,…

“Amaechi deserves our traditional title”, Says Emir Of Daura

February 4, 2022February 4, 2022 Aminu Imam

The Emir of Daura, HRH, Umar Farouq Umar, has described the proposed conferment of a traditional title on the Minister of Transportation, Rotimi Amaechi billed for tomorrow, Saturday, in Daura, as purely deserving. The Galadiman Daura and District Head of Mai�Adua, Alh. Ahmad Diddiri Ahmad, who spoke on behalf of the monarch in Daura yesterday, told newsmen that the title is given solely in recognition of his contributions to the development of the emirate, Katsina State and the nation in general. According to him, “The traditional institution does not align…

“$36 billion needed to connect the entire country by rail” – Amaechi

January 2, 2022January 2, 2022 Aminu Imam

Speaking on a television programme on Friday, Amaechi said railway is capital intensive, a situation that has made it difficult for private firms to invest in the sector. He said the reason the administration of President Muhammadu Buhari has been borrowing funds from overseas in recent years was because only Abuja was able to come up with the needed collateral to take such loans. When asked why the Kaduna-Abuja railway had not been linked to Lokoja, Amaechi responded: �If we had money, I would want to be the minister that…

‘Jonathan responsible for rise of banditry in Nigeria’ � Amaechi

December 27, 2021December 27, 2021 Aminu Imam

�Says funds Jonathan left behind couldn�t sustain nation for 3 weeks The Minister of Transportation, Chibuike Rotimi Amaechi, has said that banditry in Nigeria became rampant because of the poverty created by the past administration of president Goodluck Jonathan. Amaechi, who stated this during a television programme, claimed that the monies Jonathan left for Nigeria at the point of his departure on May 29, 2015, was not enough to run the country for three weeks. The ex-Governor of Rivers State claimed that while he was chairman of the Nigerian Governors�…

Abuja-Kaduna rail service generates N300m monthly, Says Amaechi

December 20, 2021December 20, 2021 Aminu Imam

Minister of Transportation, Rotimi Amaechi, has stated that the Abuja-Kaduna train service generates at least N300 million every month. Amaechi while speaking at the weekend, on a television programme, said his ministry is beginning to contribute to the nation�s economic growth. According to the minister, the federal government is also making plans to add 16 more trains to the Lagos-Ibadan rail line, adding that this will increase revenue generation from that axis. �We make N300 million per month from the Abuja-Kaduna train�, he said. �Currently, we are running Lagos-Ibadan from…

Rail attack: NRC to restore service on Abuja-Kaduna route today – Minister

October 23, 2021October 23, 2021 Aminu Imam

Minister of Transportation, Rotimi Amaechi, yesterday said train service will resume on the Abuja-Kaduna route today, Saturday, days after a section of the rail line was blown by gunmen. Amaechi, who disclosed this yesterday during an on-site inspection of the scene of the blast, said the government is working with the Department of State Services, (DSS), and the Chief of Army staff to apprehend the suspects. According to the minister, the government was deploying digital security sensors on the railway tracks such that they can easily know when there is…

700 kilometres of rail line completed in Nigeria � Amaechi

October 18, 2021October 18, 2021 Aminu Imam

The Minister of Transportation, Rotimi Amaechi, has disclosed that the Federal Government has completed about 700 kilometres of rail line in the country since 2015. Amaechi, who disclosed this to newsmen in Abuja yesterday, said the mileage was part of about 6,000-kilometre rain line which the present administration planned to complete before 2023. He named the Abuja-Kaduna Railway, the Itakpe-Warri and the Lagos-Ibadan as the projects that had been completed. According to him, over N1 billion has been paid into a special account as the ministry�s contribution to the repayment…