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 and other non-oil products.
