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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Nigeria’s inflation climbs to 28.20% in November — NBS

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1. Nigeria’s headline inflation has risen to a 20-year high of 28.2 percent in November, the National Bureau of Statistics (NBS) has disclosed. The NBS in a report released on Friday said the headline inflation rate increased to 28.20 percent relative to the October 2023 headline inflation rate which was 27.33 percent.

 

2. The Supreme Court has denied the request for the release of the embattled leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, from detention. The panel of justices of the court on Friday nullified the earlier order of the Court of Appeal in Abuja which ordered Kanu’s release on bail.

 

3. Three more Commissioners, on Friday resigned from the Rivers State Executive Council following the crisis rocking the state. They are the commissioners for Transport, Dr Jacobson Nbina; Housing, Dr Gift Worlu; and Environment, Austen Ben-Chioma.

 

4. The President of the Senate, Godswill Akpabio has clarified that he was exhausted and diagnosed with malaria following reports that he collapsed at his 61st birthday colloquium held Thursday in Abuja. Akpabio was reported to have slumped after the event while seeing President Bola Tinubu off at the Transcorp Hilton Hotel in Abuja and was rushed to the hospital.

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5. The 19 Northern governors on Friday agreed to pursue justice for the victims and survivors of the Kaduna drone bombing from the concerned authorities. The governors also called for an investigation into the incident and hoped that such an unfortunate event would not reoccur in the country.

 

6. The leadership of the Kaduna State branch of the National Union of Road Transport Workers says travellers in the state have reduced by over 50 percent as the Yuletide approaches. The state NUTRW Secretary, Malam Bature Suleiman, who disclosed this said the development was due to the high cost of transportation occasioned by the fuel pump price increase.

 

7. Men of the Anti-Crude Oil Theft patrol team of the Forward Operating Base of the Nigerian Navy, Igbokoda, Ondo State, have arrested 28 suspected oil thieves for allegedly stealing 527,810 litres of crude oil offshore. The military said the suspects were arrested in the last five days at different locations in the Awoye riverine community of Ilaje Local Government Area of the state.

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8. President Bola Tinubu has charged foreign ambassadors in Nigeria to prioritize the exploration of new frontiers of trade relations that will be mutually beneficial as they carry out their duties in the country. According to a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, the President also assured foreign investors of diligent and predictable fund repatriation and the streamlining of the tax system.

 

9. The Nigeria Labour Congress (NLC) has declared the World Bank as the number one enemy of Nigeria following its request that the federal government increase the price of fuel to N750 per litre. This was contained in a statement issued by the NLC president, Ajaero on Thursday, December 15.

 

10. The Court of Justice of the Economic Community of West African States (ECOWAS) on Friday, ordered the immediate release of Mohamed Bazoum, Niger’s president who has been held captive since the coup that overthrew him on July 26, and that of his family. The Court also asked that Mohamed Bazoum be reinstated in his position.

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Nine students missing after gunmen attacked varsity, says Kogi government

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The Kogi state government says nine students have been confirmed missing after the attack by gunmen on Confluence University of Science and Technology (CUSTEC) Osara.

 

The gunmen invaded the university around 9pm on Thursday and abducted students who were preparing for their examinations.

 

Kingsley Fanwo, commissioner for information in Kogi, told journalists on Friday that the state has deployed security operatives and hundreds of local hunters into the bushes in pursuit of the kidnappers.

 

He added that security agents have also been positioned around the school.

 

“Hundreds of local hunters, who understand the terrain, as well as the conventional security agents, are currently combing the area to ensure the safe rescue of the abducted students who were kidnapped from their classrooms,” Fanwo said.

 

“So far, nine students have been reported missing and we hope to rescue them as soon as possible.

 

“We wish to assure students, parents and the entire people of Kogi that the government is on top of the situation and all the abducted students will be rescued alive.

“Governor Usman Ododo has also directed that security agents be positioned around all tertiary institutions in the State.”

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The commissioner commended the local hunters and other security agents for engaging the abductors on the night of the invasion

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He said their gallantry and dedication ensured that the kidnappers did not have a field day.

 

Fanwo said the state government will ensure that all the students abducted are safely rescued and reunited with their families.

 

“We won’t submit to terror. We shall prevail by God’s grace,” he said.

 

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Coastal highway probe: Reps to summon Edun, Umahi, AGF

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The House of Representatives on Thursday resolved to probe the ongoing N15tn Lagos-Calabar Coastal Highway project.

The House said it would set up an ad-hoc committee, which would investigate the project and submit a report within four weeks.

The resolution of the House followed the adoption of a motion of urgent public importance moved during plenary by the member representing Gwer East/Gwer West Federal Constituency, Benue State, Mr Austin Achado.

 

The House also resolved to summon the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN; the Minister of Finance, Wale Edun and his works counterpart, David Umahi, to shed more light on the project.`

 

But the Ministry of Works defended the project, saying it followed due process. It also said the House of Representatives members had pledged support for the project.

A 700-kilometre turnpike infrastructure, the coastal highway project has attracted commendation and condemnation since the Bola Tinubu administration approved it in February.

The 10-lane coastal road was designed to connect Lagos to Cross River, passing through Ogun, Ondo, Delta, Bayelsa, Rivers, and Akwa Ibom states before culminating in Calabar, the Cross River State capital.

 

The project gained traction under the administrations of Goodluck Jonathan and Muhammadu Buhari but could not commence.

 

Under Jonathan, the highway was to cost $12bn, and $11.1bn under Buhari. It was subsequently expanded from a four-lane double carriageway to a 10-lane highway.

 

Minister of Works, Dave Umahi, disclosed that the construction of the coastal road was expected to span eight years and cost N4bn per kilometre.

FEC approval

So far, the minister disclosed that the Federal Executive Council had approved and released N1.06tn for the contractor for the pilot phase of the construction, which started at the Eko Atlantic City and will terminate at Lekki Deep Seaport.

 

Minister of Works, Dave Umahi
Although many have lauded the ambitious project, others faulted the process of the award of the contract that led to the emergence of Hitech Construction Company Nigeria Limited as the preferred contractor.

Umahi had explained that the reason for awarding the contract to Hitech without competitive bidding as laid down by the laws was because of the company’s “track record.”

 

The minister disclosed that the highway was conceived as an Engineering, Procurement and Construction plus Financing project.

 

The model, he explained, entails part-funding by the Federal Government between 15 to 30 per cent.

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Umahi said the approval process went through the Bureau of Public Procurement after consideration by the Federal Executive Council as prescribed by law.

 

The minister also said that the contract was awarded on a counterpart-funding basis and not on a public-private partnership, as widely claimed.

“Under this model, the investor provides all designs, part of the financing and construction while the Federal Government provides the counterpart funding. The ministry received such a bid, worked on it and sent it to BPP.

 

“The BPP worked on it according to the Procurement Act and came up with a price slightly lower than the ministry’s price and even lower than the cost of similar projects awarded five years ago like the Bodo-Bonny project.

 

Counterpart funding

“So, there’s a marked difference between PPP and EPC plus F (Engineering, Procurement and Construction plus Finance). And in this particular project, there will be a negotiated counterpart funding of between 15 and 30 per cent. We are still negotiating on these terms and will come to a resolution soon,” the minister stated.

 

Aside from the cost, the demolition of structures along the right of way of the project, particularly the hospitality outlets around the Lagos beaches, had sparked public discourse on the project.

 

The government has commenced payment of compensation to some of the businesses affected by the demolition.

 

The first phase of the compensation flag-off included 10 property owners who had been paid about N2.75bn.

 

However, moving the motion on the floor of the chambers, Achado, a chieftain of the All Progressives Congress, insisted that the guarantees issued to cover the debt financing component of the project did not have the approval of the National Assembly.

 

He stated, “It is disturbing that the contingent liabilities accruing to the Federal Government of Nigeria on this project violate the Debt Management Office (Establishment) Act of 2023, as section 22(3) states that the minister shall not guarantee an external loan unless the terms and conditions of the loan shall have been laid before the National Assembly and approved by its resolution.

 

“The guarantees issued to cover the debt financing component of this project do not have the approval of this National Assembly.”

 

The lawmaker noted that the Federal Ministry of Works had executed an engineering procurement construction finance contract in favour of Hitech Construction Company Nigeria Limited for the delivery of the coastal road and rail project.

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He explained that the project was estimated at N4.33bn per kilometre using reinforced concrete technology for a carriage width of 59.7 metres, to include 10 lanes, shoulders and rail with additional designs of service ducts, street lights, drainages and shore protection.

 

Achado further said the project had the prospect of providing easy access for the movement of goods and services across the nation, and has a financing structure, as announced by the works minister, “Which requires the Federal Government to provide 15 per cent to 30 per cent co-financing, while the private sector counterpart will provide the balance, and toll the road when completed for a minimum period of 15 years, to ensure full recovery of all debts and equity applied for the delivery of the project.”

 

Procurement process

Regrettably, Achado maintained that the procurement strategy of the project might have violated section 40(2) of the Public Procurement Act 2007.

 

The section, he added, required that where a procuring authority adopts a restrictive tendering approach, “It should be on the basis that the said goods and services are available only from a limited number of suppliers and contractors and as such, tenders shall be invited from all such contractors who can provide such goods and services.”

 

Furthermore, the lawmaker argued that the procurement strategy adopted by the Federal Ministry of Works for the award of the contract violated the Infrastructure Concession and Regulatory Commission Act 2905.

 

“Section 4 of the Act outlines that all approved infrastructure projects and contracts for financing, construction and maintenance must be advertised for open competitive public bid, in at least three national dailies,” Achado noted, adding that section 5 of the Act further clarified that “Any direct negotiations with only one contractor could be allowed, only after exhausting the provisions of section 4.”

 

He further raised the alarm of a possible creation of contingent liabilities for Nigeria because, according to him, while promoting the project, the ministry of works provided a rate per kilometre for the planned works but failed to provide the private partners’ financing sources, structure and competitiveness.

 

However, Uyime Idem (PDP, Akwa-Ibom), moved an amendment for the project to be referred to the Committee on Public Procurement, which he heads.

 

He explained that his committee already received several petitions on the project. His amendment was subsequently adopted by the House.

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Isiaka Ibrahim (APC, Ogun) moved an amendment for the House Committee on Works to be included. The amendment was also adopted.

The committees were then directed to summon Umahi, Edun and Fagbemi, to ensure that all guarantees and credit enhancement instruments for the Lagos-Calabar Coastal Road Project are sent to the National Assembly for approval.

 

When the motion was put to a vote by Speaker Abbas Tajudeen, after the motion was amended, the majority of the members voted in support.

 

Following the adoption of the motion, Achado said, “The House resolved to set up an ad hoc committee to investigate the procurement process of the contract for the Lagos-Calabar Coastal Highway project and report to the House within four weeks.

“The House called on the Honourable Minister of Works, the Honourable Minister of Finance and the Attorney-General of the Federation and Minister of Justice to ensure that all guarantees and credit enhancement instruments for the Lagos-Calabar Coastal Road Project are sent to the National Assembly for approval.”

 

In an interview with The PUNCH, the Deputy Spokesman for the House, Philip Agbese, disclosed that the ad hoc committee would be set up soon at the discretion of the Speaker, Abbas Tajudeen.

 

He said, “The House has its rules change concerning the setting up of ad-hoc committees. Very soon, the committee will be constituted at the discretion of the speaker, taking into consideration the prayers of the motion.

 

“The minority will send a representative and all the various caucuses would be allowed to have a say in the committee,” Agbese clarified.

In his reaction to the House resolution, the works ministry’s spokesperson, Ben Goong, recalled that the National Assembly members conducted a site visit at the beginning of the construction and granted full approval for the project.

 

He further mentioned that they expressed support for the project and committed to ensuring its timely completion.

 

He said, “But members of the National Assembly paid a visit to the site at the start of constructing the highway. The minister was accompanied by the leadership of the house committee on works and they pledged to support that project till it was completed.”

 

The Director of Press and Public Relations, Ministry of Finance, Mr Mohammed Manga, declined to comment on the lawmakers’ demand for guarantees and credit enhancement.

 

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Senate passes bill seeking to impose death penalty on drug traffickers

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The bill seeking to impose a death penalty on those convicted of drug trafficking has passed the third reading at the senate.

The upper legislative chamber passed the bill on Thursday after Tahir Monguno, senator representing Borno north, presented a report on behalf of the joint committees on judiciary and drugs and narcotics.

While presenting the report, Monguno said there is a need to strengthen the war against drugs in the country.

 

After the report was presented, the senate went into the “committee of the whole” to consider clauses of the bill where some senators disagreed with the death sentence.

 

When put to a voice vote, Barau Jibrin, deputy senate president, gave it to the “ayes”.

 

Thereafter, Adams Oshiomhole, a senator representing Edo north, said the senate should be careful with any law that deals with life.

 

“Anything that deals with life, we should be careful,” Oshiomhole said.

 

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Responding, Jibrin said Oshiomhole should have called for a divide.

“I’m sorry my former national chairman… you should have called for a divide, it is your right, but we have passed it,” the deputy senate president said.

Also, Akpan Ekong, senator representing Akwa Ibom south, tried to come under “personal explanation” to disapprove of the provision, but Jibrin ruled him out of order.

The bill, which originated from the house of representatives, will be sent to the president for assent if there are no differences between the two chambers of the national assembly.

 

If there are differences, the two chambers will set up a conference committee to harmonise the grey areas before it is sent for assent.

In recent times, the National Drug Law Enforcement Agency (NDLEA) has been making substantial seizures of substances ranging from cannabis to opioids from suspected traffickers.

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