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

    Price Of Electric Cars Drop Amid Policy Debate

    The average price of electric cars in Europe declined for the first time in...

    Concerns as Lagos residents reject Assembly’s proposed relocation

    Residents of Makoko, Oko-Agbon and Sogunro in the Yaba area of Lagos State have...

    ‘There Is Readiness For Reconciliation On Both Sides’ – Olawepo-Hashim

    Former presidential aspirant Gbenga Olawepo-Hashim has said there is readiness for reconciliation between the...

    DR Congo Leave Out Two Players Named In Nigeria’s FIFA Complaint As World Cup Play-off Squad Is Unveiled

    The Democratic Republic of Congo have left out two players cited in Nigeria’s complaint...

    More like this

    Price Of Electric Cars Drop Amid Policy Debate

    The average price of electric cars in Europe declined for the first time in...

    Concerns as Lagos residents reject Assembly’s proposed relocation

    Residents of Makoko, Oko-Agbon and Sogunro in the Yaba area of Lagos State have...

    ‘There Is Readiness For Reconciliation On Both Sides’ – Olawepo-Hashim

    Former presidential aspirant Gbenga Olawepo-Hashim has said there is readiness for reconciliation between the...