Close Menu
    What's Hot

    Naira Strengthens by N8.46 Against the US Dollar

    March 16, 2026

    XRP Gains 8% to $1.53 as Trading Volume Spikes

    March 16, 2026

    Customs Seizes Illicit Goods Worth N1.4bn in Ogun

    March 16, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, March 17
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - FG Denies Diverting $3bn Railway Project
    News

    FG Denies Diverting $3bn Railway Project

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMarch 11, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Fg Denies Diverting $3Bn Railway Project
    Share
    Facebook Twitter Pinterest Email 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 Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website

    ogochi Ndubuisi is creative content manager with interest in marketing and advertisement. Ogochi supports MarketForces Africa's clients corporate communication units with content development and liaise with media unit for disseminable product information.

    Related Posts

    News

    Naira Strengthens by N8.46 Against the US Dollar

    March 16, 2026
    News

    XRP Gains 8% to $1.53 as Trading Volume Spikes

    March 16, 2026
    News

    Customs Seizes Illicit Goods Worth N1.4bn in Ogun

    March 16, 2026
    Uncategorized

    FairMoney Names Gbenga Shobo Board Chairman

    March 16, 2026
    News

    Nigerian Artistes Generate N60bn from Spotify Streams in 2025

    March 16, 2026
    News

    Naira Climbs as International Payments Ease as Imports Slow

    March 16, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Strengthens by N8.46 Against the US Dollar

    March 16, 2026

    XRP Gains 8% to $1.53 as Trading Volume Spikes

    March 16, 2026

    Customs Seizes Illicit Goods Worth N1.4bn in Ogun

    March 16, 2026

    FairMoney Names Gbenga Shobo Board Chairman

    March 16, 2026
    Latest Posts

    Naira Strengthens by N8.46 Against the US Dollar

    March 16, 2026

    XRP Gains 8% to $1.53 as Trading Volume Spikes

    March 16, 2026

    Customs Seizes Illicit Goods Worth N1.4bn in Ogun

    March 16, 2026

    FairMoney Names Gbenga Shobo Board Chairman

    March 16, 2026

    Nigerian Artistes Generate N60bn from Spotify Streams in 2025

    March 16, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Naira Strengthens by N8.46 Against the US Dollar

    March 16, 2026

    XRP Gains 8% to $1.53 as Trading Volume Spikes

    March 16, 2026

    Customs Seizes Illicit Goods Worth N1.4bn in Ogun

    March 16, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

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