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Biden Announces $3 Billion Investment to Upgrade Ports in 27 States In America
President Joe Biden recently announced a significant investment of $3 billion from his Inflation Reduction Act aimed at upgrading and modernizing ports across 27 states and territories.
During a speech highlighting the importance of this funding, Biden emphasized the need to go beyond mere reconstruction.
He stated, “It’s not enough to just rebuild America. We have to build back better and stronger than before.”
His remarks showcase a vision that prioritizes sustainable growth and modernization, ensuring that America’s ports are equipped to handle the demands of a rapidly evolving global economy.
The funding is part of a wider strategy to improve critical infrastructure that helps in the nation’s supply chain and economic resilience.
Biden’s plan will facilitate a range of upgrades, including advanced technology to streamline operations, improvements to handling capacity, and initiatives aimed at reducing emissions.
This is particularly significant as the nation grapples with climate change and seeks to transition toward cleaner energy sources.
By allocating substantial funds to ports, he is positioning the country to better manage supply chain disruptions, which have become more evident during the pandemic and its aftermath.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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