Tinubu's FEC Approves ₦2.99bn Rail and ₦7tn Road Projects

On Thursday, the Federal Executive Council (FEC), chaired by President Bola Tinubu, approved contracts totaling ₦2.99 billion for three rail projects in Lagos, Kano, and Kaduna states. Additionally, a ₦7 trillion contract for ten major road projects was approved, spanning six geopolitical zones, including a ₦1.86 trillion extension of the Lagos-Calabar coastal highway in Akwa Ibom state and a ₦548.98 billion contract for the demolition and complete rebuilding of the Carter Bridge in Lagos.

Mohammed Idris, Minister of Information and National Orientation, announced these decisions post-council meeting. The council also established a Presidential Power Sector Reform Taskforce, chaired by President Tinubu, with Rilwan Babalola appointed as a special advisor on power.

The taskforce aims to overhaul the power sector, which is critical for Nigeria's economic prosperity. The approved rail projects include the Lagos Green Line, Kano Metro City Rail, and Kaduna Light Rail, which are expected to significantly enhance transportation in key economic areas.