• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Saturday, July 12, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

2024 Budget: Federal Ministry of Transportation Proposes Groundbreaking Investments for Infrastructure

Ojimaojo Abubakar by Ojimaojo Abubakar
December 20, 2023
in Business
0
2024 Budget: Federal Ministry of Transportation Proposes Groundbreaking Investments for Infrastructure
0
SHARES
2
VIEWS
FacebookTwitterWhatsappEmailTelegram

Nigeria’s Federal Ministry of Transportation, under the dynamic leadership of Honourable Minister Sa’idu Ahmed Alkali, has unveiled a bold and transformative budget proposal for 2024.

The announcement was made during a recent Senate and House of Representatives Joint Committee Meeting on Land Transport.

The Ministry’s vision for the future of Nigeria’s transportation sector places significant emphasis on the expansion and modernization of railway infrastructure, with plans to connect nearly 6,000 kilometres of standard gauge railways and rehabilitate an existing 3,505 narrow gauge line. These ambitious plans aim to link Nigeria’s North and South, East and West regions, reaching key agricultural belts, oil and mineral resource zones, as well as ports of origin and destination, including the Lekki Deep Sea Port.

RelatedPosts

Naira Down to N1,565/$ in Parallel Market

NNPC Reduces Petrol Price to N910 per Litre in Abuja

H1: At -10.12%YtD, Oil & Gas Index Emerges Worst Performing Indicator on NGX

“Our goal is to close the infrastructural gap in the country, support national economic growth, create employment, generate wealth, and improve the standard of living for all Nigerians,” said Minister Alkali.

Despite the challenges faced due to funding gaps and dwindling revenue, the Ministry remains committed to realizing Nigeria’s Integrated Infrastructure Master Plan. This includes a proposed investment portfolio of close to US$35 billion to develop a functioning railway transportation system.

Also, the Nigerian Institute of Transport Technology (NITT) in Zaria is set to undergo a significant expansion. It will see infrastructure improvements, increased research efforts, and a broader training drive. The institution plans to complete its ongoing outreach learning centres in four geopolitical zones of the country.

ALSO READ:  Starlink faces regulatory heat over unapproved data tariff hike – NCC

In his remarks, Minister Alkali expressed gratitude to the Joint Committee on Land Transport for their cooperation and support.

He assured the committee of the Ministry’s unwavering commitment to working collectively to transform Nigeria’s Land Transport Sub-sector for the benefit of all Nigerians.

Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

Naira’s Appreciation Deepens, Gaining N12.34 Against Dollar

Naira Down to N1,565/$ in Parallel Market

by Nathaniel Irobi
July 8, 2025
0

The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,560 per dollar last weekend. Similarly, the...

NNPC Ltd Refutes Viral Claims of Contaminated Fuel Sold in Bottles and Jerrycans

NNPC Reduces Petrol Price to N910 per Litre in Abuja

by Nathaniel Irobi
July 7, 2025
0

The Nigerian National Petroleum Company (NNPC) Limited has announced a reduction in petrol prices in Abuja. According to The Cable's...

Transactions on Nigerian Stock Market Hit N3.4 Trillion in 5 Months

H1: At -10.12%YtD, Oil & Gas Index Emerges Worst Performing Indicator on NGX

by Nathaniel Irobi
July 7, 2025
0

The Nigerian Exchange Limited (NGX) Oil & Gas Index depreciated by 10.12 per cent in its half year (H1) 2025...

Recommended

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom

Troops Neutralise Notorious Kidnapper, Recover N13m Ransom

9 hours ago
RE: FHA Staff Petition EFCC, Accuse Tinubu’s In – Law of Abuse of Office, Bragging About Being ‘Untouchable’

RE: FHA Staff Petition EFCC, Accuse Tinubu’s In – Law of Abuse of Office, Bragging About Being ‘Untouchable’

3 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Govt Unveils 345 Supervisory Councillors, Special Advisers Across 23 LGAs

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (737)
  • Education (217)
  • Entertainment (310)
  • Health (193)
  • National (2,168)
  • News (8,141)
  • Opinion (297)
  • Politics (1,621)
  • Science (15)
  • Security (405)
  • Sports (436)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform