More
    HomeBusinessCCECC Demand Slashed to $75 Million for Abuja Metro Rail Staff Training,...

    CCECC Demand Slashed to $75 Million for Abuja Metro Rail Staff Training, Says Wike

    Published on

    In a recent development concerning the Abuja metro rail project, Minister of the Federal Capital Territory Administration, Barrister Nyesom Wike, disclosed that the Chinese company in charge, CCECC, initially demanded $129 million for the training of staff essential for managing crucial aspects of the metro line.

    Speaking during a media interaction at his Abuja office, Wike highlighted the exorbitant demand, emphasizing his intervention in negotiating a considerable reduction in the proposed training cost.

    Wike clarified, “CCECC had initially proposed a training program costing $129 million over 29 months, an agreement approved by the Federal Executive Council. However, upon scrutiny, I found it incredulous to allocate such a colossal sum for training. It seemed counterproductive, especially considering the project’s operational requirements.”

    Expressing concern over potential project abandonment due to unreasonable costs, Wike asserted his stance in demanding a significant reduction from CCECC. “I refused to endorse such an exorbitant figure. It was either a compromise or abandoning the project altogether. Eventually, through negotiations, we managed to slash the training budget to $75 million.”

    The Minister reiterated his commitment to ensuring fiscal prudence and efficiency in project execution, underscoring the need for judicious allocation of resources in national infrastructure endeavors.

    Latest articles

    Nestoil: Lagos CP Dragged to Court for Alleged Contempt, Risks Imprisonment

    The Lagos State Commissioner of Police, Mr. Olohundare Jimoh Moshood, has been named in...

    UK-Based Energy Watchdog Commends Komolafe for Setting Global Benchmark in NUPRC’s $10bn Licensing Round

    A UK-based energy watchdog, the Global Energy Transparency Initiative (GETI), has commended the Nigerian...

    Ojulari’s Impact Highlighted as Accountability Centre Cheers NNPC’s N5.4trn Profit

    A policy advocacy group, the Centre for Energy Accountability and Reform (CEAR), has commended...

    Food security: FG drums support for private sector participation in agricultural ecosystem

      The Federal Government said that the private sector's participation in the agricultural ecosystem would...

    More like this

    Nestoil: Lagos CP Dragged to Court for Alleged Contempt, Risks Imprisonment

    The Lagos State Commissioner of Police, Mr. Olohundare Jimoh Moshood, has been named in...

    UK-Based Energy Watchdog Commends Komolafe for Setting Global Benchmark in NUPRC’s $10bn Licensing Round

    A UK-based energy watchdog, the Global Energy Transparency Initiative (GETI), has commended the Nigerian...

    Ojulari’s Impact Highlighted as Accountability Centre Cheers NNPC’s N5.4trn Profit

    A policy advocacy group, the Centre for Energy Accountability and Reform (CEAR), has commended...