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

    As Consultations Intensify, Maikaya Unveils Youth Employment Revolution for Nasarawa

    Renowned development advocate and founder of the Maikaya Development Foundation, Dr. Muhammed Musa Maikaya,...

    EFCC Hands  Over N104.1m Recovered Fund to Niger State Government

      The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has handed...

    Vigilantes arrest five suspected vandals on TCN’s Otukpo–Yandev 132kV line

    The Transmission Company of Nigeria (TCN) has confirmed the arrest of five suspected vandals...

    Nigerian Breweries gifts imo community cassava facility to generate N500m annually

    As part of its Corporate Social Responsibility (CSR) initiatives, Nigerian Breweries Plc, Nigeria’s foremost...

    More like this

    As Consultations Intensify, Maikaya Unveils Youth Employment Revolution for Nasarawa

    Renowned development advocate and founder of the Maikaya Development Foundation, Dr. Muhammed Musa Maikaya,...

    EFCC Hands  Over N104.1m Recovered Fund to Niger State Government

      The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has handed...

    Vigilantes arrest five suspected vandals on TCN’s Otukpo–Yandev 132kV line

    The Transmission Company of Nigeria (TCN) has confirmed the arrest of five suspected vandals...