Vice-President Yemi Osinbajo at the commissioning
Acting President Yemi Osinbajo has, yesterday, flagged-off the construction of the $1.5bn standard gauge rail line from Lagos to Ibadan.
This assignment was carried out right after he inaugurated Chief Justice Walter Onnoghen at Benin.
The government in a statement via its official twitter handle, noted that the proposed156.65km Lagos-Ibadan rail is a segment of the new Lagos-Kano standard-gauge railway.
In addition, according to the statement, the new standard gauge will include an extension to the Lagos Port Complex in Apapa.
The agreement between Nigeria and the CCECC for the construction of the Lagos-Ibadan and Calabar-Port Harcourt rail lines was signed by Rotimi Amaechi, the transport minister, last year.
“The contract was awarded by the regime of former President Goodluck Jonathan for $11.917 billion.
“When we took over at the ministry, we renegotiated with the CCECC and we succeeded in reducing the contract sum from $11.917bn to $11.117bn and we are able to save $800m after the renegotiation,” Amaechi explained.