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FG: Lagos-Ibadan Railway project $1.58bn, not $2bn

Robby Akeju by Robby Akeju
June 27, 2019
in Breaking News, News
0
Port Harcourt – Maiduguri narrow gauge railway reconstruction to begin 2021, Transportation Ministry to spend N205bn in 2021

Rail track

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The Permanent Secretary, Federal Ministry of Transportation, Mr Sabiu Zakari, says the total contract sum of the Lagos-Ibadan railway project is $1.58 billion as against $2 billion being insinuated by some media.

Zakari made this known in a statement by the Assistant Director, Press of the Ministry,  Anastasia Ogbonna, on Wednesday in Abuja.

He said the cost index/km of the project is $4.09 million as against the $13.6 million also alleged by a section of the media.

The Permanent Secretary assured Nigerians that the Lagos-Ibadan railway project was being executed in the spirit of transparency and accountability, which the present administration stood for.

According to him, the clarification became imperative following insinuations by some media organisations that the project was inflated over and above “a non-existent one in Ghana.”

Zakari said that information has it that “at best, the said Ghanaian project is at conceptual stage as there were neither construction designs nor cost estimates.

“Similarly, to give credence to the fact that there is no basis for comparism as raised by the allegations, the Ghanaian government has since refuted the publication.”

He described the said Ghanaian project as containing a lot of factual inaccuracies.

Zakari explained that the Lagos-Ibadan railway project was actually 386km since it is a double track rail line.

He said this was against the 156km alleged which is just the distance from Ebute Meta (Lagos) and Ibadan terminal stations only.

According to him, railway project does not depend solely on the distance between terminal points but rely on various factors.

He listed some of the factors to include but not limited to terrain, core operation accessories, land acquisition and compensation, earthworks, bridges, culverts and stations.

The permanent secretary said that ‘Due Diligence’ was followed in the award of the contract.

He said the project was approved by Federal Executive Council after a Certificate of No Objection by the Bureau of Public Procurement was issued.

The first segment of the project was approved in 2012.

While the current administration approved the second segment to link Ebute Meta (Lagos) to Apapa Port complex to ease the perennial traffic.

Tags: FG: Lagos-Ibadan Railway project $1.58bn not $2bn
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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.