The Federal Government, through the Ministry of Niger Delta has signed a deal with a United States based firm, Atlanta Global Resources Inc, for the construction of a $15bn rail project that will stretch across all nine Niger Delta states. The deal was signed on Tuesday at the NDDC Public-Private Partnership summit in Lagos, with the theme, ‘Rewind to Rebirth’. Speaking at the event, the Minister of Niger Delta Affairs, Umana Umana, said the PPP was an initiative geared towards attracting foreign and private investors to fund the massive developmental challenges in the Niger Delta. That is why the government established the Niger Delta Development Commission in 2000 with the sole mandate of facilitating the region’s rapid, even, and sustainable development. For instance, the private sector is better equipped with expertise, resources, and technology to drive economic growth and development.

Source: Punch April 26, 2023 09:55 UTC