FG to complete Eastern railway project, unlock Anambra Basin’s vast oil and gas reserves

Bola Tinubu, president, has pledged to finish the Eastern Rail line, a crucial project connecting Maiduguri and Port Harcourt, as well as to encourage the development of the significant energy reserve Anambra Basin.

This action is anticipated to spur regional economic growth and development.

Notably, the Federal Government has already shown commitment to South-east infrastructure, with 69 ongoing road and bridge projects in the area.

According to Persecondnews, the President made this commitment at a Saturday interactive session with South-East leaders in Enugu.

The Eastern Rail Line project, initiated by former President Muhammadu Buhari in 2021, aims to reconstruct and expand the existing narrow-gauge railway, passing through eastern capitals, including Umuahia, Owerri, Awka, Enugu, and Abakaliki.

The project, estimated to cost $3. It is anticipated that the corridor’s economic activities will be boosted by $ 02 billion in investment.

President Tinubu also made a pledge to support the development of the Anambra Basin, which is said to contain 30 billion cubic feet of gas and 1 billion barrels of oil, while he was in Enugu.

The President’s commitment was in response to appeals from former Minister of Power, Prof Chinedu Nebo, and an Enugu State indigene, Chris Ugoh.

Tinubu said: “It is a work in progress. Some of these crucial issues are mine, and I’m working toward their resolution. On the support of the gas infrastructure. Sure, gas is an alternative to petrol.

There is no time wasted on investing more in it, according to the statement. We will do it together, and I am lucky I have good governors. ”

The Nigerian leader also inaugurated several projects executed by the state government, including the GTC Smart Green School, New Haven/Bisalla Road, the International Conference Center, the Command-and-Control Center, and 150 patrol vehicles equipped with surveillance cameras.

Governor was praised by the President. Peter Mbah’s development model and philosophy, pledging federal government support for Enugu and other states’ development efforts.

Tinubu emphasized the importance of investment in security, stating that it will bring rapid development.

Source: Per Second News