FG: Why $2.7bn Railway Concession Talks with GE Stalled South African firm, Transnet, to take over Weather hampers completion of Lagos – Kano line Chineme Okafor in Abuja The Minister of Transportation, Mr. Rotimi Amaechi, has clarified that the federal government did not sign
any agreement with General Electric (GE) on the planned $2.7 billion deal to concession and rehabilitate Nigeria’s narrow gauge railway, stressing that the American
company was still negotiating with the federal government when it backed out of the deal. Speaking yesterday during an interview on the ‘Morning Show’ of Arise News Network,
a broadcast arm of THISDAY Newspaper, Amaechi said GE did not abandon the railway deal on account of Nigeria’s economy. According to him, GE was
no longer in the business of transportation and had to hand over its interest in the deal to another firm. Amaechi said prior to GE backing out of the deal, it had
not signed any concession agreement with it or any of the firms involved but was still negotiating with them. Continued on page 12
NERC Accuses Discos of Withholding Electricity Market’s Monthly Revenues … Page 12 Friday 16 November, 2018 Vol 23. No 8612. Price: N250
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L-R: Publicity Secretary, Advertisers Association of Nigeria (ADVAN), Mr. Onome Asagbra; Executive Secretary, Mrs. Ediri Ose-Ediale; First Vice President, Mr. Wasiu Abiola; Head, Shared Services Division, Nigerian Stock Exchange; Mr. Bola Adeeko, President, ADVAN; Mrs. Folake Ani-Mumuney; Member Board of Trustees, Mr. Lampe Omoyele; and Ex-Officio, Mr. Abiona Babarinde, during closing gong ceremony in commemoration of the association’s 25th anniversary celebration at the Exchange…yesterday
Amaechi: Atiku Not a Match for Buhari Says PDP not an option for Nigerians in 2019 Main opposition party asks president to name his achievements in North-west Onyebuchi Ezigbo, Shola Oyeyipo and Adedayo Akinwale in Abuja
Minister of Transportation and Director-General of the Muhammadu Buhari Presidential Campaign Organisation, Mr. Rotimi Amaechi, has said the
Peoples Democratic Party's (PDP) presidential candidate, Alhaji Atiku Abubakar, is no match for President Buhari in the forthcoming presidential election. Amaechi, a former governor of Rivers State, who was a Continued on page 10
Name My Accusers or Face Lawsuit, Oshiomhole Threatens Saraki ... Page 10
ROYAL VISIT... L-R: Bagi of Shaki, Oba Rasheed Adegoke; Sultan of Sokoto, Alhaji Sa'ad Abubakar III; and Pro-Chancellor of University of Lagos, Dr. Wale Babalakin (SAN), during the visit of the Sultan to Justice Bolarinwa Babalakin in Gbongan, Osun State... yesterday