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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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“You Can Still Have Subsidy Without Long Queues” — Rufai Oseni Speaks On Subsidy

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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.


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Sanwo-Olu Speaks on Lagos’ Power Challenges and the Need for Change

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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.

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Sanwo-Olu Declares August 20 Public Holiday in Lagos for Isese Festival

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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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