Why $5.3bn Ibadan-Kano rail loan approval is delayed – Amaechi - Newstrends
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Why $5.3bn Ibadan-Kano rail loan approval is delayed – Amaechi

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Minister of Transportation, Rotimi Amaechi,  has accused some selfish lawmakers of causing the long delay in securing $5.3bn China loan approval for the construction of the second phase of the new Lagos-Kano railway project (Ibadan-Kano) with their ‘frivolous’ probe.

He said the probe and generated publicity on the details of a 2018 Chinese loan agreement had negatively affected the country and delayed the approval of the loan for the railway project.

The first phase, Lagos-Ibadan rail line costing about $2bn is currently on trial run, having been substantially completed.

In July 2020, a House of Representatives panel had raised the alarm over clauses conceding Nigeria’s sovereignty to China in a loan agreement.

The probe dragged on for weeks, despite assurances from Abubakar Malami, attorney-general of the federation, that the Federal Government will work in the best interest of Nigerians, while Amaechi had also warned that the investigation may affect Nigeria’s chances when it comes to loans.

Giving an update on the situation on Monday when he featured on a Channels Television programme, Amaechi said the probe resulted in seven months of “waste”, as the approval process was delayed.

“That’s where we are. The loan for Ibadan to Kano, up till now we haven’t got the approval. And at the point that happened, we were just on the verge of getting approval. They withdrew. They’re asking more questions,” the minister said.

“The two things I said at that meeting; they’re happening now. There are other countries we have loan agreements with, that we entered into agreement to borrow money from. They don’t usually ask for immunity clause, because they trust you, so they expect that you’ll pay back. The moment you brought this to the public, it was ‘ah! You’re giving China immunity clause, so you must give us.’

“The selfishness of those members, who I don’t know what they’re pursuing, has put the country into jeopardy. Now, other countries are asking for immunity clause in their own agreements.

“The other aspect I said was that the Chinese may likely withdraw. That’s where we are; we’re talking to them. They’ve promised to give us the loan, but at least it’s held us back since June till now. We’ve done seven months. If they had give us money since June, we’ll have gone far. We would have started clearing by now. But imagine seven months wasted because one or some few members of the house of reps went to the public.”

Amaechi also gave a brief explanation of what was covered in the immunity clause regarding the Chinese loan agreement.

“I’ve explained over and over that what the immunity clause simply does is to say ‘look, in case you’re not able to pay back, I want to be given the opportunity to take you to court or to arbitration as it is in the clause’,” he said.

“What the immunity clause does for us as Nigeria is that you can go for everything in case the court awards you anything, but you can’t go for our diplomatic assets, military assets, oil assets. So, what’s remaining? Airport, railway… those are things you can go for in case the court awards you.”

Entertainment

NRC, Entertainers Finalise Plans for 2026 Valentine Train Ride

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Nigerian Railway Corporation (NRC)

NRC, Entertainers Finalise Plans for 2026 Valentine Train Ride

A team of leading Nigerian artistes and entertainment executives has paid a courtesy visit to the Managing Director of the Nigerian Railway Corporation (NRC), Kayode Opeifa, ahead of the 2026 Valentine Love Train experience.

The delegation included celebrated musician Sunny Neji, Managing Director of Ojez Entertainment Limited, Joseph Odobeatu, and veteran vocalist Yinka Davies.

The high-profile visit formed part of final preparations for the Valentine-themed train ride scheduled for Saturday, February 14, 2026, at the Mobolaji Johnson Train Station.

Dr. Opeifa received the artistes and commended the creative industry for choosing the national rail system as the venue for the annual Valentine event. He noted that the partnership reflects growing public confidence in the corporation’s safety standards, operational improvements, and renewed focus on customer experience.

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“The 2026 edition aims to deliver an unforgettable experience while deepening public engagement with the rail service,” Opeifa said, reaffirming the NRC’s commitment to providing secure and efficient transport for passengers during special events.

Organisers disclosed that this year’s edition will feature an expanded entertainment lineup, including performances and appearances by Charles Inojie, Yinka Davies, Sunny Neji, and Segun Arinze. Guests are expected to enjoy live music, comedy, a couple’s game show, fashion showcases, and special performances throughout the Lagos–Ibadan–Lagos train ride, culminating in a Valentine banquet ball.

The Valentine Love Train has in recent years become a fixture on the NRC’s festive calendar, attracting couples, families, and leisure seekers with its blend of travel, romance, and entertainment. The initiative also aligns with ongoing efforts by the corporation to promote rail transportation as a viable and enjoyable alternative for intercity travel.

With final logistics being fine-tuned, organisers say the 2026 edition promises to combine safety, comfort, and premium entertainment for participants.

NRC, Entertainers Finalise Plans for 2026 Valentine Train Ride

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LASG Moves to End Years of Flooding in Ebute-Meta Railway Corridor

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Kano-Maradi railway

LASG Moves to End Years of Flooding in Ebute-Meta Railway Corridor

The Lagos State Government has taken steps to address persistent flooding within the Ebute-Meta railway corridor and adjoining communities with the construction of a major stormwater drainage channel in collaboration with the Nigerian Railway Corporation.

The NRC said the state government had awarded a contract for the construction of the Carter-Railway Channel, also known as System 4, aimed at deflooding the railway compound as well as parts of Olaleye and neighbouring areas within Lagos Mainland Local Government Area.

The reinforced concrete drainage channel will run from Murtala Muhammed Way in Ebute-Meta through the railway corridor to a discharge point at Iponri on Western Avenue.

Speaking at a stakeholders’ meeting held at the railway premises, the Director of Drainage Services at the Lagos State Ministry of Environment and Water Resources, Engr.

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Adedapo Ajadi, said the project would permanently address the perennial flooding that has affected residents, institutions and businesses in the area for years. He added that construction work is expected to last about 18 months and urged stakeholders to cooperate with contractors to ensure smooth execution.

Stakeholders at the meeting included representatives of St Saviour’s School, NTA Channel 10, the Railway Museum, Federal Medical Centre Ebute-Meta, CCECC quarters, churches, mosques, as well as industrial and small business operators within the railway corridor.

Managing Director of the Nigerian Railway Corporation, Dr Kayode Opeifa, described the intervention as timely, assuring that the corporation would give full support to the multi-billion-naira project.

He noted that the infrastructure, when completed, would significantly reduce flooding and improve safety within the railway environment and neighbouring communities.

Some stakeholders welcomed the development, saying annual flooding had disrupted academic, medical and commercial activities in the area and posed risks to lives and property.

Officials of the Lagos State Government and the NRC later carried out a joint inspection of the proposed corridor to assess the alignment and identify areas that may be affected before construction begins.

 

LASG Moves to End Years of Flooding in Ebute-Meta Railway Corridor

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Excited passengers hail FG as 50% yuletide train fare cut sparks nationwide rush

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Excited passengers hail FG as 50% yuletide train fare cut sparks nationwide rush

Excitement swept through major railway stations across the country on Tuesday and Wednesday as thousands of passengers turned out to enjoy the Federal Government’s 50 percent yuletide train fare reduction, with many openly praising the initiative as a major relief amid rising transport costs.

From the Lagos–Ibadan and Abuja–Kaduna standard gauge corridors to key narrow gauge routes, passengers arrived early, smiling, cheering and expressing gratitude to the government for what they described as a “timely Christmas gift.”

Several train services departed with near-full capacity as Nigerians seized the opportunity to travel cheaply to reunite with family and loved ones for the Christmas and New Year celebrations.

The discounted festive rail service, approved by the Federal Government and implemented by the Nigerian Railway Corporation (NRC), runs from Tuesday, December 23, 2025, to Sunday, January 4, 2026, offering passengers a 50 percent reduction on fares nationwide.

Speaking at various stations, passengers said the fare cut had significantly eased the financial burden of holiday travel, especially for families and group travellers.

Many described the initiative as people-centred and compassionate, noting that it allowed them to travel safely and comfortably at a time when road transport costs have surged.
“I never imagined I would travel this cheap during Christmas,” a passenger at the Lagos terminus said. “This is a big relief. The government has really tried, and we are grateful.”

Confirming the successful commencement of the programme, the NRC Chief Public Relations Officer, Callistus Unyimadu, said the turnout across major routes showed strong public acceptance of the initiative, adding that early bookings reflected overwhelming passenger interest.

The Managing Director and Chief Executive Officer of the NRC, Dr Kayode Opeifa, assured passengers that the corporation was fully prepared to sustain safe, efficient and customer-friendly services throughout the festive period.

He said enhanced security, safety and customer service measures had been put in place across stations and onboard trains to manage the increased traffic resulting from the fare reduction.

The NRC noted that both standard gauge and narrow gauge services are fully operational, advising passengers on standard gauge routes to continue using NRC-approved online booking platforms, while narrow gauge passengers can purchase tickets directly at designated railway stations.

The 50 percent yuletide train fare cut is part of the Renewed Hope Agenda of President Bola Ahmed Tinubu, aimed at reducing transportation costs, promoting inclusive mobility and encouraging rail transport as a safer and more reliable option during peak travel seasons.

As the festive rush continues, the NRC urged passengers to cooperate with railway officials and comply with travel guidelines to ensure smooth and hitch-free journeys throughout the discount period.
If you want, I can make it more emotional, more political, or more populist depending on the platform (Vanguard, Punch-style, or government-leaning tone).

 

Excited passengers hail FG as 50% yuletide train fare cut sparks nationwide rush

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