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FEC to Review and Fund Existing Projects

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Photo Credit: Channels TV

The Federal Executive Council (FEC) has paused several major projects needing additional funding, especially those under the Federal Ministry of Works. These projects, inherited from past administrations over the past 13 years, require augmentation. Minister of Information and National Orientation, Mohammed Idris, explained that President Bola Tinubu has ordered a thorough review to ensure the projects are executed with probity and proficiency before any additional funding is approved.

Minister of Works, David Umahi, is tasked with working alongside the Ministers of Budget and Economic Planning and Finance to streamline these projects for appropriate funding. While new projects like the Lagos-Calabar Highway are not part of this review, the FEC aims to reconsider and re-prioritize inherited projects, seeking alternative funding and evaluating those that can be completed. This reorganization is not just about funding shortages but involves other considerations to ensure efficient project completion.

Additionally, the FEC plans to revamp the National Council on Procurement, which has been ineffective for the past 17 years. A bill to strengthen the council has been sent to the National Assembly and passed its first reading in the House of Representatives. The goal is to create a robust procurement council that enforces financial discipline and scrutinizes all aspects of procurement, aligning with the administration’s vision for efficiency and accountability.


 

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Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture

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The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.

She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”

“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”


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Peter Obi Criticises President Tinubu’s Statement on Hunger

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Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.

It can be noted that the President recently stated that hunger has always existed in Nigeria.

Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”

“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”


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Nigerian Army Launches New IED Training Programme

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Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).

The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.

It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”


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