AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

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 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.
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LAGOS DMO INSPECTS BLUE RAIL LINE PROJECT.(PHOTO).#PRESS RELEASE.

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LAGOS DMO INSPECTS BLUE RAIL LINE PROJECT


The Permanent Secretary, Debt Management Office, Mrs. Rukayat Alake Sanusi, has inspected the progress of work on the Blue Rail Line project in anticipation of a visit by the members of the Securities and Exchange Commission (SEC) and the Trustees.

Speaking during the inspection tour, Mrs. Sanusi said the project, initially funded with Bonds, was further funded with the Central Bank of Nigeria (CBN) Intervention Programme and Real Sector Support Facility Differentiated Cash Reserve Requirement (RSSF-DCRR) for the financing of the Blue as well as the Red Line Rail Projects.

Her words: “Although the project was at inception funded with Bonds issued by Lagos State. The innovative financing option was used by Lagos State to kickstart the Lagos Rail Mass Transit, a major component of the Lagos State Strategic Master Plan (STMP). The facility was obtained at a single-digit concessionary loan for a 10-Year tenor. Lagos State was the first Sub-National to access this lending window”, the Permanent Secretary stated. 

Mrs. Sanusi also expressed satisfaction with the progress of work done so far on the project, maintaining that the project will be delivered on schedule.
 

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