Nigeria approves US $6.7bn for Ibadan-Kaduna rail project

The Federal Executive Council, (FEC) in Nigeria has approved US $6.7bn for the construction of Ibadan-Kaduna rail project. The Minister of Transportation, Rotimi Amaechi, presented the project memo to FEC for approval.

While addressing State House correspondents after a meeting held inside the council chamber of the presidential villa, the Minister said that the rail project will cost US $6.7bn, with a completion period of three years.

According to, FCT minister, Mohammed Bello, FEC gave two approvals to the Federal Capital Territory. The first, he said, is the award of supply of chemicals to FCT water companies at the cost of US $767,021 and the reconstruction of Bill Clinton Drive, Airport road, which has started showing sign of failure after 20 years of service; at the cost of US $5.3m with seven months completion period.

China EXIM bank had also agreed to finance the Ibadan –Kano railway project.

Also read: Nigeria requires US $40 billion to complete the Lagos-Ibadan railway project

Other projects approvals

”The Council approved the award of a new contract from Ibadan to Kaduna. Earlier, the council had awarded from Kaduna to Kano‎; now the entire Ibadan to Kano as a stretch has been awarded. What was awarded today was Ibadan to Kaduna at the cost of US $6.7bn. This is an old contract that was awarded in 2006,” said Minister Amaechi

“The only difference now is that we had to award the spur that is going to Ado-Ekiti. There is a new contract from Oshogbo to Ado-Ekiti that has brought the entire contract to US $6.7bn from Ibadan to Kaduna and it was awarded to a Chinese company,’’ he added.