Senate on Wednesday summoned Minister of Transportation, Rt. Hon. Rotimi Ameachi due to the withdrawal General Electric (GE) from Nigerian railway concession.
The summoning of the Minister was as a result of point of order raised by Senator Ike Ekweremadu on sudden withdrawal General Electric from Nigerian railway concession.
Speaking on the withdrawal, Ekweremadu expressed dissatisfaction with withdrawal of GE from the Nigerian railway concession lamenting that less emphasis is being given to Eastern axis of this country.
He added that for country to survive there must be equity and fairness, demanding for the appearance of Minister of Transportation before the Senate Committee to tell the lawmakers what us going on.
Supporting the motion, Senator Shehu Sani said that when the request for the loan was treated before the committee on Foreign loans, the Minister of Transportation gave the lawmakers firm commitment that the eastern axis of railway line will be prioritized, but it is clear that there is no firm commitment on that again.
It could be recalled that General Electric has said it had withdrawn from the Nigerian railway concession and will hand over to Transnet SOC Limited in line with its strategy to exit the transportation business.
According to Bloomberg, the agreements GE reached with the Nigerian government “are now being negotiated by Transnet and its consortium partners” including SinoHydro of China and APM Terminals.
Bloomberg reported that the Boston, Massachusetts, United States-based company as disclosing these in an emailed response to questions.
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