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General Electric Pulls Out of Nigeria Rail Concession

General Electric has withdrawn from the Nigerian railway concession and has handed over the leadership of a consortium to South Africa's Transnet in line with its strategy to exit the transportation business.

Nigeria: Why General Electric Pulled Out of Nigeria's Railway Concession Arrangement

Premium Times, 15 November 2018

General Electric on Thursday said it has handed over the leadership of a consortium chosen to run Nigeria's rail concession to South Africa's Transnet. Read more »

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Nigerian railway.

Nigeria: PDP Blames Buhari for Loss of $2.8 Billion GE Railway Deal

Guardian, 19 November 2018

The Peoples Democratic Party (PDP) has fingered the "harsh economic policies" of the President Muhammadu Buhari administration in the recent withdrawal of General Electric (GE)… Read more »
Nigeria: How Buhari Stopped Me From Unnecessary Borrowings - Amaechi

Premium Times, 19 November 2018

The Minister of Transportation, Rotimi Amaechi, on Sunday said that in the course of executing the Warri-Itakpe Rail line, stations were built in the villages of Peoples Democratic… Read more »
Nigeria: Why $2.7bn Railway Concession Talks With GE Stalled - Govt

This Day, 16 November 2018

The Minister of Transportation, Mr. Rotimi Amaechi, has clarified that the federal government did not sign any agreement with General Electric (GE) on the planned $2.7 billion deal… Read more »
Nigeria: PDP Blames Buhari for Loss of $2.8bn GE Investment

This Day, 19 November 2018

The Peoples Democratic Party (PDP) yesterday said President Muhammadu Buhari administration has caused the country another huge economic setback following the withdrawal of General… Read more »
Nigeria: Rail Concession Faces Fresh Hurdle As General Electric Reportedly Pulls Out

Premium Times, 15 November 2018

Indications emerged Wednesday that General Electric Co (GE) has pulled out of a long-term concession deal with the Nigerian government. Read more »