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FG earmarks over N190 billion for road construction in the 6 geo-political zones by 2021

FG has earmarked over N190 billion to be spent on road construction and rehabilitation.

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Nigeria's $1.5 billion steel plant set to produce 1 million MT, FG earmarks over N190 billion for road construction in the 6 geo-political zones by 2021, FG approves $3.1 billion for automation of Customs, targets $176 billion revenue, Nigeria close to securing $3 billion World Bank facility, Budget deficit, ECOWAS economy grows by 3.1%, expected to hit 3.3% by end of 2019 , Dangote Refinery would help save $10 billion in forex - FG,, FG monitoring ‘Eco’ adoption by ECOWAS members amidst threat to Naira, FG suspends plan to obtain $22.7 billion loan

The Federal Government of Nigeria has earmarked over N190 billion to be spent on road construction and rehabilitation in all the 6 geo-political zones in Nigeria.

This is according to “The Public Presentation of 2021 FGN Budget Proposal – Breakdown & Highlights” by the Minister of Finance, Budget & National Planning, Dr. Zainab Shamsuna Ahmed.

READ: Update: Buhari seeks power to freeze accounts, clamp down on money launderers

According to the information verified by Nairametrics, the earmarked sum is to be spent on twelve (12) selected road projects which are distributed among the geo-political zones namely;

  • Counterpart Funding for the Dualization of Makurdi – Enugu Road.
  • Counterpart Funding for the Dualization of Akwanga – Jos – Bauchi – Gombe Road.
  • Reconstruction of the Outstanding Sections of Benin – Ofosu – Ore – Ajebandele – Shagamu Expressway.
  • Construction of Bodo – Bonny Road.
  • Rehabilitation of Yola – Hong-Mubi Road.
  • Dualization of Ilorin – Jebba – Mokwa/Bokani Junction Road.
  • Rehabilitation of Nguru – Gashua – Bayamari Road, Section I (Nguru-gashua) Phase II.
  • Dualization of Ilorin – Kabba – Obajana Junction to Benin (Various Sections).
  • Rehabilitation of 9th Mile-Enugu – Port Harcourt Dual Carriageway including 9th mile bypass.
  • Upgrading & Rehabilitation of Keffi – Akwanga – Lafia Road Project.
  • Rehabilitation of Zaria – Funtua – Gusau – Sokoto Birnin Kebbi C/No. 6029a.
  • Dualization of Suleja – Minna Road, Niger State C/No.6077.

READ: NNPC commences construction of N21 billion medical facility in Kaduna

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Backstory

Nairametrics had earlier reported that the Federal Government is to spend about $321 million repatriated Abacha loot on road construction.

READ: Full refinery rehabilitation to start by next January- NNPC GMD

Why this matters

Investing heavily in capital expenditure yields so many positive multiplier effects on the economy, as it is capable of boosting revenue, attracting investors, and expanding business opportunities. Good roads woo investors, who then invest in the country, create jobs for the citizens of the country, and add to national income.

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In addition, the latest announcement is in line with the FG’s goal of delivering investment enabling social projects such as vital road constructions.

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Business

Inferno razes down SUBEB office in Ondo State

The SUBEB annex office in Akure, Ondo State has been razed down by a mysterious fire.

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Inferno raze down SUBEB office in Ondo state

The Ondo State Universal Basic Education Board (SUBEB) annex office in Oke Eda, Akure has been allegedly razed down by fire. The inferno affected the marketing office of the state government-owned television station, which also housed the building.

The cause of the inferno still remains unknown, as investigations are underway.

What you should know

Recently there have been reported cases of arson, lootings, and killings perpetrated by hoodlums. It is yet to be known if this incident is related to the hijacked #EndSARS protests.

(READ MORE: BRT owners, Primero says they lost N100 million to #ENDSARS violence)

What they are saying

Confirming the incident, an anonymous staff opined that the fire incident might have happened overnight. She also said that all buildings and files in the offices were affected by the fire.

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“All the buildings, because it was made of wood, are gone. It was completely burnt.

“We can’t lay our hands on anything. Everything in the office is gone,” she said.

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Business

Ebute Metta Railway station will be completed by December – Presidency

President Buhari’s aide has disclosed that Ebute Metta Railway Station is expected to be completed in the next two months.

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Ebute Metta Railway Station is 99% ready- Presidency

The Ebute Metta Railway Station, one of the stations on the Lagos-Ibadan railway route is expected to be completed by December 2020.

This is according to the Personal Assistant on New Media to the President of the Federal Republic of Nigeria, Bashir Ahmad, who disclosed this on Monday, through his verified Twitter handle.

Mr. Ahmad further revealed that the station and other stations on the route are expected to be completed by December.

“The Ebute Metta Railway station, one of the stations on the Lagos-Ibadan Railway route is nearly completed, the station and other stations on the route are expected to be completed by December,” he tweeted.

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What you should know

Nairametrics had earlier revealed that the $1.6 billion Lagos-Ibadan railway project will be completed on or before January 2021. This is according to a forecast by the honorable Minister of Transportation, Rotimi Amaechi.

(READ MORE:FG to complete Marine beach bridge repairs ahead of due date)

Why it matters

The near completion status of the Ebute Metta railway station is a big boost to achieving the completion of the Lagos-Ibadan railway project. The railway project will help in decongesting our roads and enable the roads to last longer.

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This is a big boost to the government’s drive to build strategic infrastructures that will drive economic growth and development.

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Business

7 stowaways, including Nigerians, arrested after suspected hijacking off Isle of Wight

Seven suspects were detained after a hijacking involving stowaways on a tanker off the Isle of Wight.

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7 stowaways, including Nigerians, arrested after suspected hijacking off Isle of Wight, ABCON shakes the table, Nigeria imported, Petrol import drops as importation of cooking gas increases by 21% 

7 stowaways, including Nigerians on board a Liberian registered oil tanker heading for England have been detained, after a suspected hijacking off the coast of Isle of Wight.

This was announced by the UK’s Ministry of Defence and several British News Media on Sunday evening.

READ: #EndSARS: UK ready to support genuine reform of police in Nigeria – British High Commissioner 

The Ministry of Defence said: “In response to a police request, the Defence Secretary and Home Secretary authorised Armed Forces personnel to board a ship in the English Channel to safeguard life and secure a ship that was subject to suspected hijacking.

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READ: #EndSARS: Coca-Cola donates N20 million to cover medical bills of victims

“Armed forces have gained control of the ship and seven individuals have been detained. Police investigations will now continue. Initial reports confirm the crew are safe and well.”

According to BBC, the ship, Nave Andromeda, was on its way to the Fawley oil refinery in Southampton from Lagos, Nigeria and left Nigeria on the 5th of October.

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READ: Bank CEOs ‘explain’ why they resigned from NESG

“According to a source close to the shipping company, the crew were aware of stowaways on board, but the stowaways became violent towards the crew while it was off the Isle of Wight.

“The crew retreated to the ship’s citadel, a secure area in which they can lock themselves, making it impossible for attackers to get in.

READ: #EndSARS: FG creates new N25 billion Youth Fund, to increase to N75 billion in 3 years

“This is standard procedure during a terrorist or pirate attack, but there is no suggestion the crew were doing more than protecting themselves from the stowaways. The crew contacted the coastguard, which then alerted police.

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“The men, from Nigeria and Liberia, waved metal poles and threw faeces and urine after being found hiding on the Grande Tema,” BBC said.

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The British Chairman of the Commons Defence Committee, Tobias Ellwood, said the stowaways taking over the ship, or forcing the ship not to be in command could have triggered a ” multi-agency alarm” which caused protocols to be put into action.

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