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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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FG approves N718m contract to two companies to secure Abuja rail tracks

Friday, 26 August 2022, 10:59 am
in News, Nigeria
0
Just in: FG says Abuja-Kaduna train won’t run till all kidnapped victims are free
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The Federal Executive Council (FEC) has approved N718.19 million to secure the 45-kilometre Abuja rail tracks and stations.

The contract for the security was given to two companies – Messrs Al-Ahali Security Guards Limited and Messrs Seaguard Security and Protective Company Limited.

The Minister of the FCT Mohammed Bello disclosed this during a briefing after the FEC meeting on Wednesday in Abuja.

“In the Federal Executive Council (FEC) meeting of today, I presented a memo and the council approved a contract to two companies for the provision of security services for the Abuja Light Rail Mass Transit System,” the minister said.

“These companies are Messrs Al-Ahali Security Guards Limited and Messrs Seaguard Security and Protective Company Limited.

Read also: Atiku, Tinubu seek Wike’s support, Obasanjo pushes Obi’s agenda

“They are going to provide security to the entire 45 kilometres of track including 12 stations.

“And these security services are meant to protect the key infrastructure on the rail tracks, the signaling and communication equipment as well as the electrical system.

“Al-Ahali Security Guard Limited is going to secure 27.4 kilometres of the track, covering eight stations at the cost of N407,214,000 over a two-year period, while Seaguard Securities and Protective Company Limited are going to secure 18 kilometres of the rail tracks including four railway stations and that is at a cost of N310,979,250.”

Recall that the FG had suspended train services in Abuja-Kaduna rail following an attack in March attack by gunmen who planted explosives and kidnapped passengers.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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