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₦400bn Funding For New Rail Projects In Kano, Kaduna, Lagos, Ogun In 2025 Budget - Politics - Nairaland 4q692u

₦400bn Funding For New Rail Projects In Kano, Kaduna, Lagos, Ogun In 2025 Budget (5789 Views)

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TimeManager(m): 5:30pm On Feb 20
The 2025 budget ed by the national assembly has a new expenditure component: N400 billion for light rail projects.

An analysis by TheCable shows that the sum was allocated to “light rail projects” in Lagos, Ogun, Kaduna and Kano states.

It is unclear how the expenditure item entered the budget as it was not in the N49.74 trillion appropriation bill President Bola Tinubu initially presented to a t session of the senate and house of representatives on December 18, 2024.

On February 5, he sought an upward adjustment of N4.53 trillion, raising the proposal to N54.27 trillion.

By the time lawmakers approved the budget, they added another N719.5 billion, pushing the total to N54.99 trillion.

One notable addition to the national assembly’s version is N400 billion allocation to the new light rail projects in four states.

Light rail is a transit system designed for shorter, more frequent trips within a city or state, carrying a lighter enger load compared to heavier rail systems like commuter or intercity trains.

Given the nature of light rail systems, their financing and construction are typically the responsibility of state governments.


However, in the final approved budget, lawmakers allocated N150 billion for Kano, N100 billion each for Ogun and Kaduna, and N50 billion for Lagos to fund the rail projects.

TWO ZONES TO BENEFIT

It is not clear if it is a loan or a grant, but this is different from the the plan to transfer N146.14 billion to Ministry of Finance Incorporated (MOFI) as counterpart funding for the Lagos Green Line Metro Rail Phase 1 contained in the initial budget.

This brings the provision for rail projects in Lagos state alone to N196.14 billion in the 2025 budget.

It is unclear if the federal government will still extend the funding to other states.

There are complaints of bias and marginalisation, and the latest allocation appears to favour two states in the north-west (Kano, Kaduna) and two in the south-west (Lagos, Ogun).

https://www.thecable.ng/nassembly-inserts-n400bn-light-rail-projects-for-four-states-in-2025-budget/

14 Likes 4 Shares

TimeManager(m): 5:33pm On Feb 20
What Cable does not understand is the fact that the National Assembly has the powers to review the budget and debate it and then it into law. Every budget is a bill pending its age. Also, the NASS increased recurrent expenditure which reduces capital expenditure of the 2025 budget. That being said, Mr President is spreading projects across the regions, nobody should be jealous of another.
God bless Nigeria.



-Kiss the truth!

15 Likes 3 Shares

PressMyButton: 5:58pm On Feb 20
After God, na Tinubu 💪 God bless Nigeria

21 Likes 3 Shares

Depriest2020: 6:29pm On Feb 20
North West - South West. undecided
INTEGRITYA1(m): 6:53pm On Feb 20
Light rail is a transit system designed for shorter, more frequent trips within a city or state, carrying a lighter enger load compared to heavier rail systems like commuter or intercity trains.


Interesting.

3 Likes

Wealthoptulent(m): 6:54pm On Feb 20
DAPO ma da owo ilu mo Ti e oo

ma DA OLA PO oo

2 Likes

tunjijones(m): 6:54pm On Feb 20
Make Una pity the east nau. Give them meaningful projects too.

19 Likes

lordm(m): 6:54pm On Feb 20
Great job

7 Likes 2 Shares

tunjijones(m): 6:56pm On Feb 20
Depriest2020:
North West - South West. undecided

Na owners of Nigeria be that for now.

He get one time whey south east and south south be dey lounge too. During Jonathan time.

19 Likes 1 Share

muykem: 6:57pm On Feb 20
Tinubu is embarking on landmark projects.

14 Likes

campbelljosh(m): 6:57pm On Feb 20
grin
tunjijones:
Make Una pity the east nau. Give them meaningful projects too.

2 Likes

ggood: 6:58pm On Feb 20
Why not build from Lagos to Edo, Delta, Anambra, Imo, Abia, Rivers, bayelsa, Akwa Ibom and Cross River that the economic rooms

6 Likes

killuminati(m): 6:59pm On Feb 20
Wealthoptulent:
DAPO ma da owo ilu mo Ti e oo

ma DA OLA PO oo
grin

O YE IYABO grin


Ola Da po cheesy
Depriest2020: 7:00pm On Feb 20
tunjijones:


Na owners of Nigeria be that for now.

He get one time whey south east and south south be dey lounge too. During Jonathan time.
Please tell me what Jonathan did for South-south and South-east?

11 Likes

Tjra: 7:00pm On Feb 20
East-West road is being worked on.
PH Refinery working with others being overhauled
Numerous projects and rails everywhere

Naija is now a construction site.

All these in less than 2 years.

Jagaban is making Nigeria Great Again cool

7 Likes 1 Share

Seadogfellow: 7:00pm On Feb 20
grin


Our Niger Delta people where una dey for this government?

I never see any tangible project yet in the region Ooooh my our oyel people

5 Likes 1 Share

MrRemedyAlagbo(m): 7:01pm On Feb 20
Okay
viodemus: 7:03pm On Feb 20
The igbos should do over ground light rail, but focus on underground rail systems.
ibtommy(m): 7:03pm On Feb 20
Depriest2020:

Please tell me what Jonathan did for South-south and South-east?
.
He was too timid to help them....

3 Likes

zero8zero(m): 7:04pm On Feb 20
Depriest2020:
North West - South West. undecided
Next time, vote wisely.

3 Likes

zero8zero(m): 7:05pm On Feb 20
Seadogfellow:
grin


Our Niger Delta people where una dey for this government?

I never see any tangible project yet in the region yet Ooooh my our oyel people
Really.. there's no projects for SS region?, Are you living under a rock?, Mr Retard.

5 Likes

givedemwotowoto: 7:08pm On Feb 20
Trust me, the last person you want to see again in the presidential, senate and house of reps leadership seats is an Agbadorian. Bulaba was the first and last. We know now who these people really are

1 Like

oyeb15: 7:08pm On Feb 20
I Obj. Yaradua , Jonathan vision 2020.

Somebody came along d line to sabotage it in 2015 to poverty 2020. He later hand over to disaster 2024

1 Like

BABANGBALI: 7:09pm On Feb 20
No single state from the south east and south south

3 Likes

Offpoint1: 7:09pm On Feb 20
cheesy
walozanga(m): 7:12pm On Feb 20
9ja
Seadogfellow: 7:13pm On Feb 20
zero8zero:

Really.. there's no projects for SS region?, Are you living under a rock?, Mr Retard.

Can you point me to one?

1 Like

zero8zero(m): 7:20pm On Feb 20
Seadogfellow:


Can you point me to one?
You no dey read news? Scroll down FP news and start reading from page to page.

3 Likes

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