FEC approves $2.9bn rail projects for Lagos, Kano, Kaduna - Oyedele

Author: Henry OduahPublished on: April 30, 2026Country: Nigeria

PoliticsBusiness & Economy

FEC approves $2.9bn rail projects for Lagos, Kano, Kaduna - Oyedele

The Federal Executive Council (FEC) has approved contracts for three major rail projects aimed at enhancing infrastructure and economic growth in Lagos, Kano, and Kaduna. Finance Minister Taiwo Oyedele stated that these projects, valued at approximately $2.99 billion, will be financed by the Ministry of Finance on behalf of the federal government. These initiatives aim to support the government's development agenda and improve the quality of life for citizens.

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