FG and US Company Ink MoU on $15 billion Rail Project.

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Atlanta Global Resources Inc. of the United States and the Federal Government, acting through the Ministry of the Niger Delta, have agreed to collaborate on the $15 billion rail project that will cross all nine Niger Delta states.

The PPP effort, according to the Minister of Niger Delta Affairs, Umana Umana, is intended to draw in international and private investors to help finance the enormous developmental problems in the Niger Delta.

The Minister noted that the PPP was a component of an action plan to reposition the NDDC, adding that he inherited a “very messy situation.” He regretted that the region faced many challenges, such as environmental degradation, poverty, unemployment, insecurity, and underdevelopment.


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