Establishing rolling stock plant will transform commerce in Nigeria — Osinbajo

Establishing rolling stock plant will transform commerce in Nigeria — Osinbajo

click photo for more information
Establishing rolling stock plant will transform commerce in Nigeria — Osinbajo
<p class="">Vice President Yemi Osinbajo says establishing a rolling stock plant in Nigeria will help transform commerce across Africa.</p> <h1>Osinbajo said this in his address at the ground breaking ceremony of Kajola Wagoner Assembly Plant established by the Chinese Civil Engineering Construction Corporation (CCECC) in Ogun.</h1> <p class="">According to him, the plant is central to […]
2
51

<p class="">Vice President Yemi Osinbajo says establishing a rolling stock plant in Nigeria will help transform commerce across Africa.</p>

<h1>Osinbajo said this in his address at the ground breaking ceremony of Kajola Wagoner Assembly Plant established by the Chinese Civil Engineering Construction Corporation (CCECC) in Ogun.</h1>

<p class="">According to him, the plant is central to the production of rolling stock needed for railway modernisation programme of President Muhammadu Buhari.</p>

<p class="">“<em>The railway is not only an alternative and comfortable mode of transportation; it holds the master key to transforming commerce in Nigeria and across the continent.</em></p>

<p class=""><em>“By linking our ports to rail lines and now, building the rolling stock locally, import and export business within, into and out of Africa’s largest market will never be the same.</em></p>

<p class=""><em>“When completed, it is expected that the plant would produce some parts of the wagons for the Lagos – Ibadan and Abuja – Kaduna rail lines, but also for the central rail lines and to satisfy the needs of other rail operators within the West- African sub-region.</em></p>

<p class=""><em>“Secondly, the citing of the plant here in Nigeria and the commitment to hiring Nigerians and Nigerian businesses affirms the president’s directives in Executive Order 5 on prioritising Nigerians and Nigerian businesses in the innovation, production and procurement of engineering projects and services,”</em> he said.</p>

<p class="">Osinbajo said the plant would offer an important platform for engineers, technicians, artisans and other professionals to gain specialised skills required for the production and maintenance of rolling stock.</p>

<p class="">He added that it would invariably conduce to spin-off businesses in the region of operation and across the country wherever rail networks are in existence.</p>

<p class=""><em>“After completing the Abuja – Kaduna railway project in July 2016, this administration commenced construction works on the Lagos – Ibadan railway modernisation project in March 2017.</em></p>

<p class="">“<em>Following which, we initiated the rehabilitation and completion of the abandoned Itakpe – Ajaokuta – Warri rail line which was started over three decades ago.</em></p>

<p class=""><em>“Also, we are optimising the Lagos-Ibadan Rail modernisation project by extending it to the Apapa Port, the nation’s busiest port for the efficient movement of cargo from the port to various destinations.</em></p>

<p class=""><em>“This will expedite import/export flows, decongest the ports, and depressurise our roads in the process</em>,” Osinbajo said.</p>

<p class="">He however called for the support of the host communities to continue to support government efforts by effectively cooperating with the contractors in safeguarding and protecting the investment.</p>

<p class="">He said this would ensure that all intended objectives and mutual benefits were attained.</p>

<p class="">Earlier, the Minister of Transportation, Mr Rotimi Amaechi said the Federal Government, in order to address increasing demand on the new Nigeria Standard Gauge Railway Service, awarded contract for the procurement of Rolling Stock.</p>

<p class="">“<em>It will also serve any railway service in the West-African sub-region.</em></p>

<p class=""><em>“The Ministry of Transportation realising the need of the advantage to set up this type of plant considering the potential need in view of the on-going rail projects in the country and the sub-region encourage CCECC to establish this plant.</em></p>

<p class=""><em>“It is expected that the plant would generate job opportunities for Nigerians and as well facilitate the much-desired objective of the government towards the local content capacity development.</em></p>

<p class=""><em>“This project is therefore a direct investment of CCECC Nigeria Ltd in the country and would remain as part of the gains from the contract signed for the supply of rolling stock.</em></p>

<p class=""><em>“This will be the first of its kind in Nigeria and the first batch of the wagons to be assembled from the production line of this plant will form part of the rolling stock for Lagos – Ibadan and Abuja – Kaduna Railway operations.</em></p>

<p class=""><em>“Subsequently, other rolling stock would be produced as its production capacities increase.</em></p>

<p class=""><em>“More so, we would be able to conserve our much needed foreign exchange which can be deployed to other areas of development.</em></p>

<p class=""><strong>ALSO READ</strong>: <a href="https://www.pulse.ng/news/metro/man-with-5-wives-23-children-tries-selling-son-for-n5m/f0t1lgg" id="e890477f-2cd5-4044-addb-40be276cfda2">Man with 5 wives, 23 children, tries selling son for N5m, after selling daughter</a></p>

<p class=""><em>“It is cardinal to mention that the sustainability of our railway modernisation projects would depend on our ability to develop local capacity to construct, maintain and manage our new railway system,</em>” Amaechi said.</p>

<p class="">Managing Director, CCECC, Mr Micheal Jiang, said the company was committed to making Nigeria self-sustaining in the technology of rolling stocks.</p>

<p class="">He added that the country was moving to greater heights in the industry.</p>

<p class="">The plant is expected to generate about 5,000 direct and indirect jobs.</p>

<p class="">Alhaji Ibraheem Alhassan, Chairman, Board of Nigeria Railway Corporation (NRC), called on entrepreneurs and youths to take advantage of the rolling stock to create wealth.</p>

Veteran Actor, Pa Kasumu Says His Sickness Is Spiritual

click photo for more information
Veteran Actor, Pa Kasumu Says His Sickness Is Spiritual
Kayode Odumosu a.k.a Pa Kasumu Ailing actor, Pa Kasunmu, real name Kayode Odumosu has revealed that his sickness is spiritual and not medically related. He added that all he requires from people is prayers and not financial help. Read Also: Veteran Yoruba Actor, Pa Kasumu Goes Blind, Unable To Walk (Video) The veteran actor made this […]
4
8

OAU Professor Shot Dead By Unknown Gunmen

click photo for more information
OAU Professor Shot Dead By Unknown Gunmen
  A professor at the Obafemi Awolowo University (OAU) Ile-Ife, Osun State, Jerome Elusiyan was on reportedly shot dead by unknown gunmen. The deceased lecturer was said to have been the Chairman Medical Advisory Committee (CMAC) at the Obafemi Awolowo University Teaching Hospital Complex, (OAUTH), Ile-Ife, before his death in Edo State. Read Also: OAU Lecturer […]
2
13

CJN Tanko’s Call For Constitution Amendment Reckless, Insensitive: CAN

click photo for more information
CJN Tanko’s Call For Constitution Amendment Reckless, Insensitive: CAN
CAN President Samson Ayokunle The Christian Association of Nigeria, CAN, has condemned comments credited to the Chief Justice of Nigeria (CJN), Justice Ibrahim Tanko Muhammad, advocating for the amendment of the constitution, to accommodate Sharia Law. CJN Tanko was said to have made the call during his keynote speech at the 20th Annual Judges Conference […]
0
14

Turkish Airlines ‘to upgrade’ aircraft amidst Nigerian govt sanctions

click photo for more information
Turkish Airlines ‘to upgrade’ aircraft amidst Nigerian govt sanctions
The move came after the government announced it was suspending its operations in Nigeria over perceived poor treatment of passengers. The post Turkish Airlines ‘to upgrade’ aircraft amidst Nigerian govt sanctions appeared first on Premium Times Nigeria. Related
1
20

EFCC marks Orji Kalu’s Sun newspaper, other properties for seizure

click photo for more information
EFCC marks Orji Kalu’s Sun newspaper, other properties for seizure
Last week, Mr Kalu, a senator representing Abia North, was sentenced to 12 years in prison for a N7.65 billion fraud. The post EFCC marks Orji Kalu’s Sun newspaper, other properties for seizure appeared first on Premium Times Nigeria. Related
2
16

Salah scores twice as Liverpool sink struggling Watford

click photo for more information
Salah scores twice as Liverpool sink struggling Watford
The win restored Liverpool’s 11-point advantage over second-placed Leicester City. The post Salah scores twice as Liverpool sink struggling Watford appeared first on Premium Times Nigeria. Related
0
21

Jurgen Klopp: I don’t celebrate Liverpool goals anymore due to VAR

click photo for more information
Jurgen Klopp: I don’t celebrate Liverpool goals anymore due to VAR
Jurgen Klopp watched Mohamed Salah strike twice to earn leaders Liverpool a hard-fought 2-0 win over Watford – but claims VAR has changed his touchline behaviour. In the second half, with the score at 1-0, Sadio Mane’s header from a Xherdan Shaqiri cross was ruled out for a marginal, but correct, offside decision. Although he […]
0
16

EFCC marks Orji Kalu’s properties including TheSun newspaper for seizure

click photo for more information
EFCC marks Orji Kalu’s properties including TheSun newspaper for seizure
<p class="">EFCC spokesperson, Wilson Uwujaren, said the marking is to ensure that the properties are not dissipated following the order of the court.</p> <h1>The Economic and Financial Crimes Commission has marked properties belonging to the former Governor of Abia State, Orji Kalu for seizure.</h1> <p class="">The commission on Saturday, December 14, 2019, marked Kalu’s companies, […]
3
16

Why CBN must transfer Anchor Borrowers Programme to Agric Ministry – Sen. Adamu

click photo for more information
Why CBN must transfer Anchor Borrowers Programme to Agric Ministry – Sen. Adamu
<p class="">The Chairman, National Agricultural Foundation, Sen. Abdullahi Adamu, has restated the need for the Central Bank of Nigeria (CBN) to hand over administration of the Anchor Borrowers Programme and other agricultural programmes.</p> <h1>Adamu, who made this known in an interview with the News Agency of Nigeria (NAN), in Abuja, urged the CBN to handover […]
0
17

Tacha Reacts As Cardi B Gifts Her Husband $500k For His Birthday

click photo for more information
Tacha Reacts As Cardi B Gifts Her Husband $500k For His Birthday
Big Brother Naija season ex-housemate, Tacha was found in the comment section of “Money” rapper, Cardi B. Tacha and her boyfriend, King Ladi The American rapper had surprised her husband for his 28th birthday by giving him half-a-million dollars so Tacha decided to remind her boyfriend, King Ladi about her upcoming birthday. Cardi B caused […]
1
14

3 Things You Can Only Achieve On Your Own, By Tobi Bakre

click photo for more information
3 Things You Can Only Achieve On Your Own, By Tobi Bakre
BBNaija Tobi Bakre Former Big Brother Nigeria housemate, Tobi Bakre, says the three things that can be achieved by one’s self are; Confidence, Contentment, and Happiness. Read Also: Some Of The Couples We Know Are The Reasons We Are Still Single: Tobi Bakre Speaking in an Instagram post, he added that although life is not an […]
0
13

Abiodun vows to encourage private investment in education

click photo for more information
Abiodun vows to encourage private investment in education
 The Ogun State Governor, Prince Dapo Abiodun has promised that his government would continue to provide the right ambience for investment in the education industry. Continue reading Abiodun vows to encourage private investment in education at Vanguard News. Related
0
15
load more posts