20-10-2016 08:55 via news.yahoo.com

Nigeria seeks more time to negotiate rail project with GE

By Felix Onuah ABUJA (Reuters) - Nigeria needs more time to negotiate a railway concession project with U.S. company General Electric, the transport minister said on Wednesday. Both sides have confirmed talks on GE being granted a railway concession in the OPEC member worth around $2 billion.. Nigeria's economic growth has been hampered for decades by the lack of roads or functioning railways. The government, suffering from a slump in revenue from crude exports, wants to boost exports of food an
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