Support Infographics Daily News Dotcom

Podcasts.

NDDC: US firm to Connect all Niger Delta States by Rail

-


The Niger Delta Development Commission (NDDC), has brought to light that it signed a Memorandum of Understanding, MoU, with a United States-based firm, Atlanta Global Resources Inc (AGRI) to build a railway network that will connect the nine states of the Niger Delta region. This agreement was reached at the Public Private Partnerships (PPP) Summit which NDDC organised in Lagos on Tuesday, April 25, 2023.
In a statement signed by its Director, Corporate Affairs, Ibitoye Abosede, the Commission warned that the foundational process may have been misconstrued by some persons to mean that the NDDC has signed the Engineering, Procurement and Construction, EPC, contract. While appreciating the need to be seen to be accountable and transparent as it collaborates with its stakeholders in the arduous task of developing the Niger Delta region, the NDDC said all it signed at the PPP Summit was a basic MoU to commence the preliminary processes of feasibility and viability of the rail project.
The Commission denied adding any agreement on details. The NDDC said it has been inundated with enquiries over what is ordinarily one of the preliminary steps necessary for the actualization of a partnership arrangement with the private sector. Giving further clarifications, the Commission explained that it is only after the preliminary studies, that the finance appraisals will be done and then the civil engineering procurements and the locomotive hardware will be considered.
“For those who may not know, the Atlanta Global Resources Inc deals with financing for Industrial products, infrastructure projects, agriculture equipment, capital equipment financing etc. They came recommended by a reliable US financial institution, especially for the deployment of US-produced locomotives.

Comments

Post a Comment

Popular posts from this blog

RCCG PASTOR ALLEGED IN 46 MILLION NAIRA VISA & INSURANCE SCAM

-
Image
  Pastor Ojo Oluwasesan A pastor, said to be of the Redeemed Christian Church of God (RCCG), Ojo David Oluwasesan is alleged to have committed a financial scam, totaling 46,000 million Naira. Alhaja Oladipupo Ganiyat  met Pastor Ojo Oluwasesan in GTB, Oyo town Nigeria about 5 years ago and Ojo introduced himself as  AIICO insurance  financial adviser and also  a pastor of the Redeemed Christian Church of God at sanctuary cathedral, opposite Adekitan filling station in Ojongbodu area, Oyo Nigeria. He was able to sell 'Deffered annuity insurance' of 5million Naira to his new client and promised that  the premium  certificate will be ready in  6 months to a year.  In January 2023 Ojo presented himself as a travel Agent that could process Visas to  US, Canada, Ireland and Australia. She introduced more clients and they made some payments.  In May 2023, he organized fake biometrics in Saudi, Lagos and Abuja. The case was reported to Oyo State Police Command , Eleyele Police Headquar
Read more

Arsenal 4-1 Newcastle: 'Efficient' Gunners showing 'no fear'

-
Image
  Arsenal beat  Newcastle  4-1 in the Premier League on Saturday. It was the Gunners' sixth successive victory in the league. They have scored 25 goals and conceded just three in that run. Arsenal are the sixth side to win their first six Premier League matches of a calendar year - the last three have won the title. "We are living the dream," Arsenal captain Martin Odegaard told TNT Sports as his side moved two points behind leaders Liverpool in third. "We have all dreamed of being here. You see every week how competitive it is and that is where we want to be - we want to fight for trophies." While Arsenal have won every game they have played in the Premier League in 2024, they did lose to Porto in the first leg of their Champions League last-16 tie in midweek, conceding a stoppage-time goal. But they responded in style with four goals in a 4-1 win against Newcastle on Saturday. "They look like a team really upset with the midweek performance. Their press a
Read more

Indonesia stadium stampede leaves 125 dead

-
Image
  At least 125 people died and 323 injured at an Indonesian football stadium when thousands of angry home fans invaded the pitch and police responded with tear gas that triggered a stampede, authorities said Sunday.  Arema FC supporters at the Kanjuruhan stadium marched onto the pitch after their team lost 3-2 to the visiting team and bitter rivals, Persebaya Surabaya. Officers fired tear gas in an attempt to disperse agitated supporters of the losing home side who had invaded the pitch after the final whistle in Malang, East Java, on Saturday night, the region’s police chief Nico Afinta told reporters. Many of the victims were trampled or choked to death, according to police.  Survivors described panicking spectators in a packed crowd as tear gas rained down on them. President Joko Widodo ordered an investigation into the tragedy, a safety review into all football matches and directed the country's football association to suspend all matches until "security improvements"
Read more