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EL RUFAI QUERIES FUNDING OF LAGOS RAIL PROJECT WITH FG’S 2025 BUDGET
Former Kaduna Governor, Nasir El RUFAI, has raised serious issue in the 2025 federal government budget about counterpart funding of Lagos metro line project.with N146.14 billion.
In a statement, El RUFAI said: “There are other curious items I have seen in the proposed budget. One glaring example is the plan to transfer N146.14 billion to MOFI (Ministry of Finance Incorporated) as counterpart funding for the Lagos Green Line Metro Rail Phase 1.
This raises many questions.
The proposed allocation for the metro-line within a state is 65% of the capital budget and 57% of the entire budget of the Ministry of Transport.
If this is counterpart funding from a recapitalised MOFI, why is the money coming from the budget of a federal ministry?
Why can’t MOFI raise its counterpart funding from the market?
How was the decision arrived at that this is a project to invest federal money into and will such facility be available to other states outside of Lagos?”
