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

The Minister of Finance, Taiwo Oyedele, announced that the Federal Executive Council has approved contracts for three major rail projects in Lagos, Kano, and Kaduna, with a total cost of approximately $2.99 billion. These projects aim to strengthen infrastructure and drive economic growth in these strategic urban centers. Oyedele emphasized the importance of these cities for economic development, stating that targeted investments could yield significant results.