Connect with us

News

FEC approves construction of Lagos-PH road, social security payments to poor Nigerians

Published

on

 

The Federal Executive Council (FEC) has approved the construction of the Lagos-Port Harcourt-Calabar highway to Messrs Hitech Construction Africa.

 

The council gave the approval at its weekly meeting on Monday, presided over by President Bola Tinubu.

 

The construction of the first phase of the road — made up of 47 kilometres — will begin in Lagos, the council said.

 

The FEC also approved immediate social security payments to vulnerable households with national identity numbers (NINs) and bank verification numbers (BVNs).

 

The council said the social security payments should be extended to Nigerian certificate education (NCE) graduates and holders of higher degrees.

 

In addition, the FEC approved the “urgent” establishment of the consumer credit scheme.

 

The council directed Femi Gbajabiamila, chief of staff to the president, to lead a committee to make the scheme a reality.

 

Other officials appointed to the panel include Abubakar Atiku Bagudu, the minister of budget and economic planning; Lateef Fagbemi, attorney-general of the federation; as well as Wale Edun, minister of finance and coordinating minister of the economy.

READ  Hardship: Tinubu approves release of 42,000 tons of grains to address ‘rising food cost’

 

The FEC approval of the consumer credit scheme comes amid serious economic hardship caused by a series of policies recently implemented by the federal government in efforts to restore stability in the nation’s foreign exchange (FX) market and the general economy.

Aderemi Abdul-Bojela, executive chairman of United Technologies Limited, had said the development of a consumer credit scheme would drive growth in Nigeria’s manufacturing sector and improve its contribution to the country’s gross domestic product (GDP) by boosting patronage of locally-made goods.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

‘Breach of law’ — Oshiomhole condemns Ododo for ‘rescuing’ Yahaya Bello during EFCC siege

Published

on

By

 

Adams Oshiomhole, senator representing Edo north, has faulted Usman Ododo, governor of Kogi, for his interference in the saga involving Yahaya Bello and the Economic and Financial Crimes Commission (EFCC).

 

The EFCC is accusing Bello, immediate-past governor of Kogi, of money laundering and corruption to the tune of N80.2 billion. 

 

BACKGROUND

On April 17, EFCC operatives laid siege to Bello’s Abuja residence in a bid to arrest him for grilling. 

 

While the operatives were at Bello’s residence, Ododo arrived at the scene.

 

Shortly after Ododo left the residence, the EFCC operatives ended their siege. There were reports that Ododo had surreptitiously whisked Bello away in one of the cars in his convoy. 

 

Amid the drama, the Kogi high court delivered judgment in a fundamental rights enforcement suit, restraining the commission from “harassing, threatening to arrest or detaining” the former governor.

 

Speaking on Saturday at the national integration conference, Oshiomhole said Ododo’s “rescue” of Bello and the former governor’s refusal to show up in court constitutes a breach of the law.

 

The conference which had ‘Revisiting the national question: Nigeria’s elusive search for national integration’ as its theme, was organised by the Kukah Centre.

 

The senator also urged citizens to speak up against breaches of the law — irrespective of who is involved.

 

“If you are afraid, given the fact that you are very vocal, you are independent, you cannot be dismissed, you cannot be promoted or demoted… if you are afraid to mention the name of a former governor who breached the law and a sitting governor who used his immunity to cover a governor that lost immunity, where will the courage come from?” Oshiomhole said.

READ  Tinubu signs amended student loan bill into law

 

“This sophistry of saying we can name the child of a poor man who steal(s) a goat but we are afraid to mention the name of a big man who breached the law, that for me is at the root of our problems.”

 

‘ALL CHILDREN MUST HAVE ACCESS TO EDUCATION’

Bello had also allegedly paid $760,910 in advance fees to the American International School Abuja (AISA), for five of his children from the coffers of the Kogi state government.

 

The children are in grade levels 2 to 8 at the school.

 

Oshiomhole said during his spell as Edo governor, his colleagues denied children of the poor access to education.

 

“As a former governor, I was a member of the national economic council (NEC) where some state governors argued that they did not have the resources to pay 50 percent subsidy in order to ensure that the children of the poor go to school even when those governors are sending their own children abroad,” Oshiomhole added.

READ  Good morning! Here Are Major News Headlines In Nigerian Newspapers Today: Report claiming Yahaya Bello has withdrawn support for Tinubu is false - APC

 

The former Edo governor said leaders must possess the political will to implement laws they enact.

 

“What I consider to be the most important investment, namely, that never should a child be born in this country and be denied access to go to school,” he said.

 

Kogi ranked 27th across states in Nigeria with the highest number of out-of-school children (ages 6–15).

 

 

Continue Reading

News

PHOTOS: Lagos commuters stranded as fares spike by 50% amid petrol scarcity

Published

on

By

 

Commuters in many parts of Lagos were on Monday left stranded at different bus stops in the metropolis, amid the lingering petrol scarcity.

 

Fares were hiked by 50 percent as motorists filled up dispensing stations for the scarce commodity.

 

Some filling stations were shuttered, while others still selling petrol were encircled by long queues.

 

Some motorists said they bought petrol at N700 and N800 per litre at filling stations. Roadside dealers now sell the product for N1000 and N1200 per litre.

 

The petrol scarcity triggered a 50 percent increase in fares across Lagos.

From Abule Egba roundabout to Agege, commuters were asked to pay N300, which was previously N150 or N200. From Agege to Alausa in Ikeja is now N400, which cost N300 last week.

 

From Berger to Ikeja, commuters pay as high as N1000 in fares.

In most of the bus stops visited by TheCable on Monday morning, survival of the fittest was the prevailing philosophy as hordes of commuters were seen running after a few commercial buses

READ  Fubara was not pressured to sign peace agreement with Wike — Commissioner

 

Continue Reading

News

Good morning! Here Are Some Major News Headlines In The Newspapers Today: VGC chairman found dead inside his car in Lagos

Published

on

By

 

1. A Lagos-based man, Gihan Mbelu, has reportedly died in his vehicle in the Victoria Garden City area of Lagos State on Friday. It was gathered on Sunday that 42-year-old Mbelu had reportedly parked his car, a Mercedes C300 4Matic, running for several hours while he sat motionless in the car.

 

2. In response to the devastating tanker fire incident in Rivers State, President Bola Tinubu has directed federal agencies to continue providing support to the state government in addressing the aftermath of the tragedy. President Tinubu’s message, contained in a statement issued on Sunday by his Special Adviser on Media and Publicity, Ajuri Ngelale, also extended his heartfelt condolences to the families of the victims of the fire incident.

 

3. As the demolition of properties along the right of way for the construction of the Lagos-Calabar coastal highway begins, the federal government has promised to conduct the process with sensitivity, aiming to minimize disruptions to the lives of those affected.

READ  More PDP Governors May Join APC With Gov Umahi – Fani-Kayode Warns

 

4. The National Drug Law Enforcement Agency, NDLEA, says two notorious drug kingpins: Uwaezuoke Ikenna Christian and Agbo Chidike Prince have been sentenced to life imprisonment for dealing in cocaine. Director, Media and Advocacy NDLEA, Femi Babafemi, who disclosed this in a statement on Sunday, said this brings to an end to their years of criminal enterprise of exporting cocaine across continents.

 

5. No fewer than 40 observers have been deployed by the Economic Community of West African States, ECOWAS, to Togo, ahead of the parliamentary and regional election. The elections have been scheduled for April 29, 2024. This was revealed in a statement by the regional body.

 

6. Osun State governor, Ademola Adeleke, on Sunday, April 28, warned petrol stations against hoarding of fuel as scarcity hit the state. Adeleke through his chief of staff, Kazeem Akinleye, who is also the chairman, Petroleum Monitoring Taskforce, warned against creating artificial scarcity.

READ  Tinubu signs amended student loan bill into law

 

7. Former Governor of Jigawa State, Sule Lamido, has tackled Northern governors over their recent trip to the United States. In a Facebook post, he said the trip exposed the governors’ ignorance of the country’s constitution. According to him, security is solely the responsibility of the federal government because it is on the exclusive list.

 

8. The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. The new rate represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded at the close of trading activity on Friday.

 

9. The immediate-past governor of Benue State, Samuel Ortom, on Sunday, asked his counterpart in Kogi State, Yahaya Bello, to come out of his hiding and answer his case with the Economic and Financial Crimes Commission. Speaking at a Redeemed Christian Church of God in Makurdi, Benue State during the thanksgiving service organised by his aides for his 63rd birthday celebration, Ortom advised Bello to come out of hiding.

READ  Guinea-Bissau president visits Tinubu in Lagos

 

10.
The campaign coordinator of Governor Lucky Aiyedatiwa in Supare, Akoko South West Local Government Area of Ondo State, Alaba Abbey, has been shot dead. Late Abbey was shot dead on Saturday evening at his residence in Supare.

 

Continue Reading

Trending News