Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    XRP Price Slides Amidst Ripple’s Strategic Investment in Flutterwave

    June 17, 2026

    Apapa Customs Intercepts ₦12.7bn Cannabis Sativa, Expired Drugs

    June 17, 2026

    CBN to Open N1trn Treasury Bills for Subscription on Wednesday

    June 16, 2026
    Facebook X (Twitter) Instagram
    Trending
    • XRP Price Slides Amidst Ripple’s Strategic Investment in Flutterwave
    • Apapa Customs Intercepts ₦12.7bn Cannabis Sativa, Expired Drugs
    • CBN to Open N1trn Treasury Bills for Subscription on Wednesday
    • MemeCore Price Rises 6.6% as Investors Speculate
    • ‘Why Insurance Penetration is Low in Nigeria – NCRIB
    • EU Parliament Approves EU-U.S. Trade Deal Legislation
    • Federal Government Moves to Curb Rising Cooking Gas Prices
    • Pi Network Climbs Ahead of Pi2Day, Mandatory Nodes Upgrade
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, June 17
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FG Denies Diverting $3bn Railway Project

    FG Denies Diverting $3bn Railway Project

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMarch 11, 2025 News No Comments3 Mins Read
    FG Denies Diverting $3bn Railway Project
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG Denies Diverting $3bn Railway Project

    The Federal Ministry of Transportation (FMT) has described as false a report claiming that Sen. Said Alkali, the Minister of Transport, diverted three billion dollars railway project from South-East to his home state, Gombe for political gain.

    The ministry urged Nigerians to disregard the publication, describing it as false, malicious and misleading to the public, and should be discarded.

    This is contained in a statement issued by the management of the ministry and signed by Mrs Janet McDickson, Director of Information and Public Relation in the ministry.

    “Attention of Management and Staff of FMT has been drawn to a publication written by Sahara Reporters (online report) alleging that “Nigeria’s Transport Minister diverted $3 Billion Railway Project from South-East to Home State, Gombe for Political Gain”.

    “The management wishes to state categorically that, the above report is false, malicious and misleading to the public and should be discarded.

    The statement noted that the Port Harcourt -Maiduguri narrow gauge railway rehabilitation project was awarded to Messrs China Civil Engineering Construction Corporation in November, 2020.

    It said so far, the rehabilitation works had been completed from Port Harcourt to Aba and train services along the corridor was currently running.

    “Rehabilitation works from Aba to Enugu is ongoing with works on substructure completed while works on superstructures are ongoing.

    “It is pertinent to note that the slow pace of work on the project is due to paucity of funds and the Federal Ministry of Transportation is working assiduously with the Contractor to ensure that funds are drawn down to complete the project.

    “It is worthy to note that the main line for the project is in sections, Port Harcourt – Aba, Aba-Kafanchan, Kafanchan to Kuru in Jos, and Kuru to Maiduguri, “ it said.

    According to statement, as part of preliminary works on the remaining section of the project which includes Gombe State, a recognizance survey was carried out in 2024.

    It added that the survey was carried out along the entire rail line by the four stakeholders – the Federal Ministry of Transportation, Nigerian Railway Corporation, the Contractor and the Consultant.

    It stated that there was no work going on in Gombe currently as falsely reported by the Sahara Reporters.

    “The Management of the ministry requests that Sahara Reporters withdraw this fake report and apologise to the Minister, Sen. Said Alkali for dragging his name and the ministry in a bad light.

    “The minister is working assiduously to bring out the dividends of democracy to the entire nation to achieve the mandate of the Ministry and does not deserve to be attached with this fake news.

    “The Sahara Reporters is therefore, warned to desist from carrying out fake news but is advised to work professionally by officially verifying its information before publications, “ it said.

    According to it, the ministry is working hard to connect the entire country through the rail sector to ease transportation, in line with President Bola Tinubu’s Renewed Hope Agenda. #FG Denies Diverting $3bn Railway Project#


    Access Bank to Raise N125bn from Debt Market – Ratings Note

    Railway Project
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    XRP Price Slides Amidst Ripple’s Strategic Investment in Flutterwave

    Apapa Customs Intercepts ₦12.7bn Cannabis Sativa, Expired Drugs

    CBN to Open N1trn Treasury Bills for Subscription on Wednesday

    ‘Why Insurance Penetration is Low in Nigeria – NCRIB

    EU Parliament Approves EU-U.S. Trade Deal Legislation

    Federal Government Moves to Curb Rising Cooking Gas Prices

    Add A Comment

    Comments are closed.

    Editors Picks

    XRP Price Slides Amidst Ripple’s Strategic Investment in Flutterwave

    June 17, 2026

    Apapa Customs Intercepts ₦12.7bn Cannabis Sativa, Expired Drugs

    June 17, 2026

    CBN to Open N1trn Treasury Bills for Subscription on Wednesday

    June 16, 2026

    MemeCore Price Rises 6.6% as Investors Speculate

    June 16, 2026

    ‘Why Insurance Penetration is Low in Nigeria – NCRIB

    June 16, 2026
    Latest Posts

    XRP Price Slides Amidst Ripple’s Strategic Investment in Flutterwave

    June 17, 2026

    Apapa Customs Intercepts ₦12.7bn Cannabis Sativa, Expired Drugs

    June 17, 2026

    CBN to Open N1trn Treasury Bills for Subscription on Wednesday

    June 16, 2026

    ‘Why Insurance Penetration is Low in Nigeria – NCRIB

    June 16, 2026

    EU Parliament Approves EU-U.S. Trade Deal Legislation

    June 16, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.