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FG votes $3b, N5b for railway, NECO

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ABOUT $2,810,574,064.92 has been approved for Ministry of Transportation for procurement of rolling stocks and other operational and maintenance equipment for the Ibadan – Kano – Port Harcourt – Maiduguri railway lines with another sum of N4,965,986,573.89 also approved printing contracts submitted by National Examination Council (NECO).

  Federal government approved the contracts during the weekly Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo at Presidential Villa, Abuja, yesterday.

  Disclosing the approvals while briefing State House Correspondents, Minister of Transportation, Rotimi Amaechi, said the railway contract was necessary for the smooth running of the rail lines.

  “I have an approval of the cabinet to procure rolling stocks, operational and maintenance equipment for the new railway projects corridors in Ibadan to Kano standard gauge and Port Harcourt to Maiduguri narrow gauge rail lines to the tune of $2,810,574,064.92, including 7.5 per cent tax. Rolling stocks are consumables for the maintenance and operation of the railway. So, currently, anytime you hear of break down, which was discussed in the cabinet, it’s because maybe we have run out of rolling stock and we’ve also run out of stock for the railway. So, with this, we will replace all the rolling stock. They are essentially the consumables we use to maintain the trains, coaches and locomotives,” he said.

  Also, addressing the newsmen, Minister of Education, Adamu Adamu said FEC approved the second contract to enable NECO print materials to be used for Senior School Certificate Examination (SSCE).

  “Today, the memo we presented from the Ministry of Education is a printing contract by NECO for the senior school certificate examination and the beneficiaries are nine contractors and the amount is N4,965,986,573.89. And it will be completed in eight weeks. And it is for the printing of sensitive, non-sensitive equipment and other ancillary equipment for the examination,” he said.

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