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

    Stakeholders condemn prolonged detention of Sylva’s brother, aides, allege political persecution

      Stakeholders under auspices of the Centre for Justice and Equity (CJE), have condemned the...

    Ilaje Community Asserts Ownership of Eba Island, Backs Oil Exploration with Conditions

      By Hosea Parah, Abuja   The leadership of Ilaje Mahin in Ondo State has reaffirmed that...

    Ilaje Mahin community in Ondo asserts ownership of Eba Island 

      The leadership and people of Ilaje Mahin, Ondo State, has reaffirmed its ownership of...

    Opposition Walkout Over Electoral Bill Normal Parliamentary Practice – Deputy Spokesperson

    The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has described Tuesday’s...

    More like this

    Stakeholders condemn prolonged detention of Sylva’s brother, aides, allege political persecution

      Stakeholders under auspices of the Centre for Justice and Equity (CJE), have condemned the...

    Ilaje Community Asserts Ownership of Eba Island, Backs Oil Exploration with Conditions

      By Hosea Parah, Abuja   The leadership of Ilaje Mahin in Ondo State has reaffirmed that...

    Ilaje Mahin community in Ondo asserts ownership of Eba Island 

      The leadership and people of Ilaje Mahin, Ondo State, has reaffirmed its ownership of...