The Federal Government of Nigeria has threatened to sanction the China Civil Engineering Construction Company (CCECC) over the firm’s alleged failure to provide 85 per cent counterpart funding for rail projects in some parts of the country.
The Minister of Transportation, Muazu Sambo, decried the slow pace of work in the Kano-Kaduna and Maiduguri-Port Harcourt rail lines around the country.
According to him, the agreement stipulates that the firm is to provide 85 per cent of the project cost while the Federal Government provides the remaining 15 per cent.
Sambo urged the management of the port to employ as many Nigerians as possible as this was the only way citizens could put food on the table for their families.
The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko, noted that the Seaport would contribute in reducing the traffic gridlock in Apapa.
