Uncategorized
FG spent N8.9tn on rail, other infrastructure in 2020 – Osinbajo
Vice President Yemi Osinbajo has said the Federal Government spent N8.9 trillion on infrastructure in 2020.
He said this on Friday in Uyo, Akwa Ibom State capital, during the inauguration of the 21-storey Dakkada Towers and the flag off of the Dakkada luxury estate.
Osinbajo said the administration of President Muhammadu Buhari had invested more in infrastructural development than previous administrations.
The Vice President said the Lagos-Calabar rail project and the Ibom Deep Sea port as well as the Dakkada Towers, among other projects executed by both the Federal and State Governments have positioned Akwa Ibom as a major industrial hub in Nigeria, and the West African sub region.
“Since the inception of our administration, Mr President has prioritised the development of infrastructure, roads, rail, power and despite the severe economic head winds we have experienced in the first six years, we have invested more than any administration in infrastructure.”
“As of last year, we had expended over N8.9 trillion on infrastructure. Just last month, the Federal Executive Council approved the Lagos, Calabar rail project which will pass through Uyo as a major station. At the end of last year, the Federal Executive Council also approved the full business case of the Ibom Deep Sea port, and of courses as a result of the active demands of Governor Udom Emmanuel.
“These infrastructural developments are set to establish Akwa Ibom State as a major industrial hub for not just Nigeria, but in the West African sub region,” he said.
The Vice President said International Oil Companies (IOCs) have no excuse not to relocate their administrative headquarters to the state as the problem of office accommodation has been taken care of by the commissioning of the building.
He commended Governor Udom Emmanuel for keeping to his promise to build the 21 storey tower, saying the investments in the Dakkada Towers was already yielding results and will attract more revenue to the state.
He described the Dakkada tower as government’s efforts to create an enabling environment for investment to thrive in the state, adding that the tower is a catalyst for the private sector.
Uncategorized
Lagos-Calabar coastal road: Train track work begins 2025, says minister
Lagos-Calabar coastal road: Train track work begins 2025, says minister
The Federal Government plans to begin constructing train tracks on Section I of the Lagos-Calabar Coastal Highway in 2025.
The Minister of Works, David Umahi, made this announcement during an inspection of Sections I and II of the project, which are located within Lagos and being handled by Hitech Construction Company Ltd, on Friday, December 20, 2024.
The details of the announcement were published in a statement on the ministry’s official website on Saturday.
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“The President has given very serious attention to road infrastructure. Don’t forget that this Coastal Highway and, of course, the four Legacy Projects all have the train track incorporated. The construction of the train track for this section I is going to take off in 2025,” Umahi stated.
The Works Minister outlined plans to enhance the Lagos-Calabar Highway in Sections I and II of Phase 1, including solar-powered CCTV cameras, lay-bys every 5-15 kilometers, and security posts for improved safety and monitoring.
He announced that 20 kilometers of Section 1 are scheduled for commissioning by May 2025. The Federal Controller of Works, Engr. Olukorede Kashia, noted challenges such as large refuse dumps and unsuitable soil conditions requiring extensive remediation during the project.
Lagos-Calabar coastal road: Train track work begins 2025, says minister
Entertainment
Copyright: Court orders Adele’s song removed from platforms
Copyright: Court orders Adele’s song removed from platforms
A Brazilian court has ordered the removal of Adele’s 2015 song Million Years Ago from radio and streaming platforms worldwide following a copyright lawsuit filed by local composer Toninho Geraes.
The ruling, delivered by Judge Victor Torres, comes after Geraes accused the British singer of copying his 1996 classic Mulheres, originally performed by Brazilian artist Martinho da Vila.
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Geraes claims the track from Adele’s album 25 closely mirrors his 1995 composition, demanding recognition and compensation for the alleged infringement.
In the lawsuit, Geraes is seeking $160,000 in moral damages, lost royalties, and a songwriting credit on Adele’s track.
The court has also imposed a fine of $8,000 per act of non-compliance on the Brazilian subsidiaries of Sony Music and Universal Music Group.
Copyright: Court orders Adele’s song removed from platforms
Uncategorized
Marketers react after NNPCL slashes petrol price to N899 per litre
Marketers react after NNPCL slashes petrol price to N899 per litre
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has praised Dangote Refinery’s management for bringing the price of its gasoline down to N899.50K per litre.
PETROAN spokesperson Joseph Obele said in a statement on Thursday that the action is a huge relief for drivers and Nigerians in general.
“This price reduction, a decrease of N71 per litre from the initial price of N970, is a significant relief for motorists and Nigerians at large, especially during the holiday season,” PETROAN stated.
According to PETROAN president, Billy Gillis-Harry, Dangote Refinery’s price cut would lessen Nigerians’ suffering and lower living expenses over the holiday season.
“The price reduction will alleviate the suffering of Nigerians and reduce the cost of living and transportation during this festive period,” he said.
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Anthony Chiejina, a company representative, stated that the price cut is intended to reduce transportation expenses during the holiday season. Additionally, the refinery stated that customers could purchase an extra litre of fuel on credit for every litre of fuel purchased with cash.
In November, the privately held refinery reduced the price of its gasoline to N970 per litre. “To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.
“Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank,” said Chiejina.
News Direct earlier reported that oil marketers have continued to rely on imports to deliver gasoline across the country, even though two significant refineries in Nigeria started producing the fuel within the last three months.
According to data gathered last week, marketers imported 2.3 billion litres of gasoline between September 11 and December 5, 2024. This ongoing importation runs counter to previous declarations made by certain marketers who stated their intention to cease importing and instead concentrate on locally produced goods.
Marketers react after NNPCL slashes petrol price to N899 per litre
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