Federal Government has approved three major rail projects valued at $2.99 billion as part of efforts to boost infrastructure and economic growth.
Minister of Finance, Taiwo Oyedele, made this known on Thursday while briefing State House correspondents after meeting of the Executive Council of the Federation chaired by President Bola Tinubu.
He said the projects include the Lagos Green Line Rail Project Phase 1A, Kano Metro Rail Project, and Kaduna Light Rail Project.
According to him, the projects will be financed through the Ministry of Finance Incorporated, with support from counterpart funding.
Oyedele noted that the rail developments are strategic investments aimed at improving transportation, enhancing productivity, and supporting economic expansion across key cities.
He added that the initiative aligns with the administration’s broader development agenda focused on infrastructure and quality of life.
(Editor: Terverr Tyav)
