News
Federal Government Guarantees Completion of All Ongoing Road Projects with New N6.2 Trillion Funding
The Nigerian Federal Government has committed to ensuring that all current road projects will be completed, regardless of whether they were inherited from previous administrations or are newly initiated.
This assurance was provided by the Minister of Budget and National Planning, Senator Atiku Bagudu, during an interactive session held over the weekend in Abuja. The session was with the Senate Committee on Appropriations, led by Senator Solomon Ademola (APC Ogun West).
At the meeting, Bagudu discussed the National Assembly’s recent approval of a supplementary appropriation of N6.2 trillion for the 2024 budget, a request made by President Bola Tinubu.
This supplementary funding aims to address ongoing infrastructural needs and ensure that none of the road projects will be left unfinished.
Addressing concerns from committee members about the status of various deplorable roads and incomplete projects in their constituencies, Bagudu assured them that the Federal Government remains committed to completing all ongoing roadworks.
He emphasized that the government is not prioritizing innovative projects at the expense of existing road projects. Instead, he reassured that the Federal Executive Council (FEC) will continue to review and approve financial resources for road projects as funds become available.
While Bagudu did not provide a detailed breakdown of the supplementary appropriation, he did offer a sectoral overview. This includes the allocation of N3.2 trillion to the Renewed Hope Infrastructure Projects and an additional N3 trillion increase in the recurrent budget component.
Bagudu acknowledged that previous under-investment in infrastructure had been a significant issue, impacting the country’s development. He praised President Tinubu for his decisive action to address this deficit by securing funding for major projects such as the Lagos-Calabar coastal highway, the Sokoto-Badagry highway, and the Trans-Sahara highway.
These projects are expected to boost economic activities and enhance the nation’s revenue, leading to substantial economic transformation and improvements in the country’s infrastructure.
Senator Solomon Adeola, Chairman of the Senate Committee on Appropriations, expressed confidence in the government’s ability to finance the 2024 budget.
He requested that the minister provide a detailed breakdown of the N6.2 trillion approval to the committee as soon as possible to ensure transparency and effective oversight.
News
Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture
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.”
News
Peter Obi Criticises President Tinubu’s Statement on Hunger
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.”
News
Nigerian Army Launches New IED Training Programme
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.”
-
Entertainment19 hours agoSpider-Man Movie Review: Fans React to Sadie Sink’s Role
-
Entertainment17 hours agoSoso Soberekon Offers Peter Okoye ₦500 Million to Fight Paul in Boxing Match
-
Entertainment16 hours agoLove Island USA Stars Turn Heads as Season 8 Cast Reunites
-
Entertainment18 hours ago2Baba Sparks Reactions Amid Reports of Marital Drama With Natasha
-
Entertainment16 hours agoPeller’s Sweet Wedding Vows to Jarvis Leave Fans Emotional
