Tag: TRANSPORT

N50 Train Ticket Insurance Charge: Kidnapped train passengers not insured against terror attacks NRC officials

Aminu Imam

The Abuja-Kaduna bound train that was bombed by terrorists in Kaduna State on March 28, as well as passengers who boarded the train were all insured but not against terror attacks, senior officials of the Federal Government have stated. It was learnt that N50 was paid as a premium to two indigenous insurance companies on every train ticket purchased by passengers who boarded the Abuja-Kaduna train. This came as family members of the abducted passengers stated that the kidnappers had refused to speak with the relatives of those abducted with…

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Thousands of imported vehicles trapped at seaports over VIN valuation

Aminu Imam

Clearing agents have raised the alarm that several vehicles have been trapped at the Port and Terminal Multiservice Limited (PTML) due to the Vehicle Identification Number (VIN) valuation policy introduced on all imported vehicles by the Federal Government. The agents, under the aegis of the Association of Nigerian Licensed Customs Agents (ANLCA), called for the cancellation of the policy saying the situation is not helping the nations economy as it lacks predictability and is not able to drive revenue. Speaking to maritime journalists at the weekend, the ANLCA Vice President,…

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

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…

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‘Its cheaper to transport a container from China to Lagos than from Lagos to Kano’ – BUA Chairman, AbdulSamad laments

Aminu Imam

Chairman and CEO of BUA Group, Abdul-Samad Rabiu, has said it is cheaper to transport a container from China to Lagos than from Lagos to Kano. He said this in Paris, France, while commenting on the enormous opportunities in the Nigerian transportation system, particularly the rail sector. Rabiu commended the Buhari administrations investment in rail infrastructure across the country. He, however, urged global financiers and private investors to invest in the rail sector. He said with large arable land in Nigeria, there are opportunities in commercial agriculture as well as…

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FG sets aside N250bn for conversion of vehicles to autogas, says Sylva

Aminu Imam

As part of efforts to ensure that the autogas conversion of vehicles yielded the desired results, the Federal Government says it has set aside N250 billion for willing investors in autogas assembly plants in the country. The Minister of State for Petroleum Resources, Timipre Sylva, disclosed this yesterday, in Abuja, during an Autogas Technicians Training and Certification Programme. The programme was organised by the technicians, in collaboration with the Federal Ministry of Petroleum Resources, National Gas Expansion Programme, the Nigerian Institute of Mechanical Engineers, Automotive and Locomotive Engineering Institute, amongst…

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700 kilometres of rail line completed in Nigeria Amaechi

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 ministrys contribution to the repayment…

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FG lifts ban on flights from India to Nigeria

Aminu Imam

The Federal Government has lifted the ban placed on flights coming into the country from India. This was disclosed by the Chairman, Presidential Steering Committee on Covid-19, Boss Mustapha, via a new travel protocol released yesterday, which indicated that the ban has been lifted.  However, the sanctions placed on airlines that convey passengers from restricted countries and travellers who are non-Nigerians remain. Mustapha said, Non-Nigerian passport holders and non-residents who visited Brazil, Turkey or South Africa within 14 days preceding travel to Nigeria, shall be denied entry into Nigeria.  This…

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Proposed Kano train station will be like Ebute-Meta mega station FG

Aminu Imam

The Federal Government says the approved design for the Dawachiki, Kano Train Station will be a mega station similar to the Ebute-Metta train station, which was commissioned in Lagos early this year. The Minister of Transportation, Rotimi Amaechi, made this known in a statement, signed by the Director of Press and Public Relations of the ministry, Eric Ojiekwe yesterday. Amaechi, when he visited the Emir of Kano, Aminu Ado-Bayero, at his Palace, said the resolve to replicate the station, was because of the commercial nature of the city and its…

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3 yrs after commissioning, Kaduna Dry Port not fully operational Port GM

Aminu Imam

Says most shipping companies yet to ‘recognise’ port The General Manager of the Kaduna Inland Dry Port, Rotimi Hassan-Raimi, yesterday revealed that the port has not become fully operational, three years after it was commissioned by President Muhammadu Buhari. According to Hassan-Raimi, who spoke in Abuja during the interactive session organised by the House of Representatives Committee on Customs, the railway services needed by the port were not efficient enough. He stated that most shipping companies were yet to recognise the inland dry port, hence, they seldom give the bill…

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Electric vehicles for public transportation in FCT – Minister

Aminu Imam

The Federal Capital Territory Minister, (FCT), Muhammad Bello, says the use of electric vehicles as the main means of public transportation is a major part of his plans for the city. Bello said the long-term plan of his administration was to make Abuja one of the greenest cities in the country, adding that the use of electric vehicles for public transportation was one of the ways to achieve that. According to a statement on Sunday by the Ministers Chief Press Secretary, Anthony Ogunleye, Bello disclosed this during a visit by…

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