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FG borrowed $2.5bn from China Exim Bank to construct Lagos-Ibadan rail – Amaechi

Rotimi Amaechi, the Minister of Transportation has disclosed that the Federal Government has borrowed about $2.5billion for the construction of a railway linking Lagos to Ibadan.
The Minister revealed this during an exclusive interview on Channels Television’s Newsnight aired yesterday.
He said, “If you look at the whole total cost, it will be $2.5 to $2.6 billion that we have borrowed from China Exim bank”.
He informed that the Federal Government’s decision to extend the rail line to the nation’s seaports is for the economic benefit associated with it.
“But at the end of the day, the project is costing about $2 billion. The government is coughing out more than just $200 million. We are bringing out about $700 million because we have to end to the seaport in Apapa which was not part of the original design.
“So we had to take about 45kilometres rail from Ebute-Metta into Apapa seaport. Everything together is about $2 billion. There is an additional one they are going to bring to connect Tincan Island Seaport to Apapa, that will be some extra cost which we have to borrow from them.
“They also lent us about $1.4 billion for the Lagos-Ibadan while the Federal Government had to cough out about $200 million to make it $1.6 billion”, he explained.
Former Governor Amaechi further noted that the Federal Executive Council had approved the two basic loan facilities presented by the Ministry of Transporation.
He stated that the administration of ex-President Goodluck Jonathan had borrowed $500 million for the Kaduna-Abuja rail line.
According to the Minister, since the inception of President Muhammadu Buhari’s government in 2015, the rail line “took us about $1 billion so we had to cough out the remaining money.
“When we came, part of the project was abandoned for the inability of the government to produce the counterpart funding. So what the government did was to release the counterpart funding and money for the extra work we needed to do.
“We had to buy the locomotives and coaches to enable us to commence commercial activities. For the Kaduna-Abuja, they lent $500 million”.
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Edo Killings: Akpabio Condemns Attack, Demands Justice for Victims

President of the Senate, Godswill Akpabio, has strongly condemned the brutal killing of 16 travellers in Edo State, describing the act as senseless, barbaric, and unacceptable.
Akpabio, in a statement issued by his Special Assistant on Media, Jackson Udom, expressed deep sorrow over the incident and called for swift justice to assuage the pain of the victims’ families.
“I am deeply saddened and disturbed by the gruesome murder of 16 travellers in Edo State. This senseless act of violence is unacceptable and has no place in our society,” he said.
The Senate President urged security agencies to conduct a thorough investigation and bring the perpetrators to book without delay.
“I condemn in very strong terms this heinous crime and urge the relevant authorities to ensure that those responsible are held accountable for their actions. Justice must be served to prevent further occurrences and reassure Nigerians of their safety.”
Akpabio further emphasised the need for unity in the face of violence, calling on Nigerians to resist divisions that could arise from such tragic events.
“As a people, we must work together to promote peace, unity, and understanding. We cannot afford to let such acts of violence divide us or undermine our collective efforts to build a better Nigeria.”
He extended his condolences to the bereaved families, the government, and the people of Edo State, praying for divine comfort in their time of grief.
“My heartfelt condolences go to the families of the victims, the government, and the people of Edo State. May God grant the departed peaceful rest and give their loved ones the fortitude to bear this irreparable loss.”
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Eid-ul-Fitr: Oseni Urges Muslims to Uphold Ramadan Virtues, Calls for National Unity

As Muslims around the world celebrate Eid-ul-Fitr, marking the end of the holy month of Ramadan, the lawmaker representing Ibarapa East/Ido Federal Constituency in the House of Representatives, Engr. Aderemi Oseni has urged the Muslim faithful to uphold the virtues of Ramadan in their daily lives.
According to a statement on Sunday by his media aide, Idowu Ayodele, the lawmaker congratulated the Muslim Ummah on the successful completion of the month-long fasting and encouraged them to reflect on the values of sacrifice, self-discipline, and devotion to God, which Ramadan represents.
He emphasised that Ramadan is not only about fasting but also about fostering compassion, patience, and love for one another—values he described as crucial for national unity and development.
“As we celebrate this year’s Eid-ul-Fitr, I encourage my Muslim brothers and sisters to continue embodying the noble virtues of Ramadan. Let the spirit of sacrifice, empathy, and community service guide our actions beyond this season,” the statement read.
Oseni, who chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), also underscored the importance of national cohesion, urging Nigerians to work together to promote peace and stability. He called on leaders at all levels of government to implement policies that address economic challenges, security concerns, and infrastructural development.
He further reassured his constituents in Ibarapa East/Ido of his commitment to quality representation, pledging to continue advocating for policies that prioritise their welfare and development.
Oseni also appealed to religious leaders to use their platforms to preach unity and patriotism, stating that Nigeria’s progress depends on the collective efforts of its citizens in fostering tolerance and peaceful coexistence.
“Eid is a time of joy, reflection, and gratitude. Let us celebrate responsibly while remembering to extend kindness to the less privileged. May Almighty Allah accept our prayers and grant our nation lasting peace and prosperity,” he added.
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Eid-el-Fitr: Oyo APC Chieftain, Oladiran Alabi, Greets Muslims, Calls for Unity

A chieftain of the All Progressives Congress (APC) in Oyo State and former House of Assembly candidate for Ibadan South-West Constituency I, Hon. Oladiran Alabi, has congratulated Muslims on the occasion of Eid-el-Fitr, urging Nigerians to embrace unity and peaceful coexistence.
In a statement on Sunday, Alabi commended the Muslim faithful for their devotion and sacrifices during the holy month of Ramadan, stressing the need to uphold the values of love, tolerance, and compassion beyond the fasting period.
He said, “The end of Ramadan is a time for reflection, gratitude, and renewed commitment to the principles of Islam. I felicitate with my Muslim brothers and sisters and pray that Almighty Allah accepts their supplications and rewards them abundantly.”
Alabi also emphasised the importance of unity in addressing Nigeria’s socio-political and economic challenges, urging leaders and citizens alike to foster harmony irrespective of religious and ethnic differences.
“Our strength as a nation lies in our unity. It is imperative that we work together to promote peace and development. I call on all Nigerians to prioritise national interest above personal or sectional gains,” he added.
He further urged political leaders to implement policies that would improve the welfare of the people, enhance economic growth, and strengthen security across the country.
The APC stalwart prayed for a peaceful and prosperous Nigeria, wishing the Muslim community a joyous and spiritually fulfilling Eid celebration.
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