Leaked Nigerian Federal Executive Council Documents Reveal Controversial $2.998billion Rail Plan, Raise Questions Over Finance Ministry’s Role

The documents dated May 5, 2026 indicate that the approvals were granted during the Federal Executive Council meeting of April 30, 2026.

Some Federal Executive Council documents have revealed how the Nigerian government approved contracts worth US$2.998 billion for three urban rail projects.

The approvals have, however, raised serious questions over the decision to place the projects under the Ministry of Finance Incorporated, MOFI, instead of the Federal Ministry of Transportation.

The documents dated May 5, 2026 indicate that the approvals were granted during the Federal Executive Council meeting of April 30, 2026.

They were subsequently transmitted by the Office of the Secretary to the Government of the Federation to the Ministry of Finance for implementation.