Federal Executive Council has approved $2.99bn rail projects across Lagos, Kano, and Kaduna to ease congestion and boost economic growth nationwide.

The Federal Executive Council (FEC) rose from its meeting on Thursday with the approval of three major rail infrastructure projects valued at $2.99 billion.

This was part of government’s move aimed at accelerating Nigeria’s transport modernisation drive and strengthening economic connectivity across key urban corridors.

Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele, who made the disclosure while briefing newsmen after the FEC meeting presided over by President Bola Tinubu at the State House, Abuja, listed the approved projects to include the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, each designed to ease urban congestion, enhance mobility, and stimulate regional economic activity.

Oyedele added that the projects have already been captured in the extended 2025 budget and are expected to strengthen the capital component of the overall investment framework.

His words: “The Federal Executive Council approved three transformative rail projects and these are Lagos Green Line, Kano State Metro City Rail project and Kaduna State Rail project. The projects are to be sponsored by the Ministry of Finance Incorporated.”

The approvals, the Minister added, align with the administration’s broader infrastructure agenda, which prioritises rail development as a cost-effective and sustainable alternative to road transport.

The Lagos Green Line is expected to complement existing urban rail initiatives in Lagos, Africa’s largest city, while the Kano and Kaduna rail projects are projected to boost commercial activity in northern Nigeria by improving passenger and freight movement. (AriseNews TV)

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