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

    Lagos, Oyo, 17 Other States At Risk As NiMet Issues Fresh Flood Alert

    The Nigerian Meteorological Agency (NiMet) has warned that 19 states across the country may...

    Three Killed As Terrorists, Military Clash In Zamfara

    Troops of Sector 2, Joint Task Force North-West, Operation FANSAN YAMMA, have killed three...

    Nigerian Passenger Drags British Airways to Court Over Alleged Missing Luggage

    The Federal High Court in Abuja has fixed July 2 for continuation of hearing...

    Tobi Amusan Leads Nigeria’s 45-Athlete Squad To African Championships In Accra

    World record holder Tobi Amusan headlines Nigeria’s 45-athlete team for the CAA Senior Athletics...

    More like this

    Lagos, Oyo, 17 Other States At Risk As NiMet Issues Fresh Flood Alert

    The Nigerian Meteorological Agency (NiMet) has warned that 19 states across the country may...

    Three Killed As Terrorists, Military Clash In Zamfara

    Troops of Sector 2, Joint Task Force North-West, Operation FANSAN YAMMA, have killed three...

    Nigerian Passenger Drags British Airways to Court Over Alleged Missing Luggage

    The Federal High Court in Abuja has fixed July 2 for continuation of hearing...