Lagos-Calabar coastal highway flag-off: It's my bragging (rights) day, says Tinubu, highlights project benefits – Newstrends
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Lagos-Calabar coastal highway flag-off: It’s my bragging (rights) day, says Tinubu, highlights project benefits

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Lagos-Calabar coastal highway flag-off: It’s my bragging (rights) day, says Tinubu, highlights project benefits

President Bola Tinubu on Sunday inaugurated the construction of a 700km Lagos-Calabar Coastal highway, saying it gave him maximum joy and some bragging rights.

Specifically, the President said it would give about 30 million people improved access to production and marketing centres, among other economic benefits.

The ceremony was held in Lekki, Lagos as part of events marking his first year in office.

Tinubu said, “I commend the Honourable Minister of Works once again, like I said, it’s my bragging (rights) day. Don’t be afraid, we will do this road; 700 kilometres. It will be a success for Nigeria, and we will do more of this. You and I together, the whole Nigeria, a very bold endeavour. Please share with me, share in the joy. I am a very happy man today.”

He also said, “On the next 10 benefits of the Lagos-Calabar coastal highway; during the period of construction, the road will provide direct employment for thousands of people, and indirect employment for tens of thousands of politicians and more. Economic opportunity for millions is being opened.

“It will fast-track the community’s development, It will bring development closer to the people, and give 30 million people improved access to production and marketing centres. You can easily predict a journey, vertically and go along the horizontal line and do the definition of free movement of people.”

The Federal Government said the highway was designed to extend through nine states with two spurs leading to the northern states.

The project starting in March was criticised by some Nigerians over due process and following the demolition of some buildings on its path in the Lekki area.

Minister Umahi had said 750 houses on the path of the coast highway had been marked for demolition.

He also announced the payment of N2.75bn in compensation to property owners affected by the project covering 0 to channel 3 on the mega highway.

President Tinubu on Sunday further appealed for the understanding of the general public, particularly those whose properties and means of livelihood would be affected by the project.

He said, “I further crave the understanding of the general public, especially those whose properties and sources of livelihood will be impacted by this iconic project. We all make some sacrifices to enable our country to grow.

“However, be rest assured that this government is a compassionate government that cares for you and will do the utmost to offer succour, by way of compensation.”

He said the Lagos-Calabar Coastal Highway was a symbol of hope, unity, and prosperity for Nigerians.

“This project is more than just a road – it is a symbol of hope, unity, and prosperity. It will connect our communities in nine states, foster trade and commerce, boost tourism, and create new opportunities for generations to come.

“A similar road in Ireland, called the Wild Atlantic Way, 2,600km long is expected to fetch three billion euros a year in tourism revenues.

“I want to express my gratitude to the team of engineers, workers, and stakeholders who have worked tirelessly to bring us to this point. Your dedication and expertise are the driving force behind the take-off of this project.”

Tinubu stressed the significance of safety, sustainability, and social responsibility of the project.

He urged stakeholders to collaborate to ensure the benefits for all, leaving a lasting legacy for future generations.

He said, “This is not only a legacy project of this administration but a dream come true that will connect some neglected towns and cities along the coastal route.

“Over time, it has been noticed that both Tin Can Island and Apapa ports are becoming shallower, thereby limiting the size of ships that can berth at those strategic ports.

“It is pertinent to note that the Lagos State Government in partnership with private investors developed Lekki Deep Sea Port which does not have a link road.

“It is however obvious that this development will open up businesses and investment along the project corridor.

“The potential of this road is enormous because it will have two spurs which will link up with Sokoto-Badagry Expressway which is under procurement and African Trade Route which connects South-East to Cameroon, thereby connecting every region of the country.”

He said the 10-lane road project represented a crucial step in the government’s efforts to enhance connectivity, facilitate economic growth, and improve the quality of life for our people.

He added, “The project is more than a mere road; it is a symbol of hope, unity, and prosperity. It will connect our communities in nine states, foster trade and commerce, boost tourism, and create new opportunities for generations to come.

“To the glory of God and benefit of our people, it is my greatest pleasure to flag off this project and also virtually flag off the spurs about to be procured.

“I also flag off the massive rehabilitation of 330 roads and bridges across the nation. Let the construction begin.”

While commending the dignitaries, Tinubu said everyone wanted a good highway, but no one wanted the government to go through their backyard.

He said, “Everybody, they say, wants a good highway, but nobody wants you to go through their backyard.

“I thank you tremendously, the Chairman of HiTech, Gilbert Chagoury, and my partner, Engineer Roland. We walk together to take the Atlantic and turn a disaster into an asset of great value together.

“We lost weight, we took abuse, but we tamed the Atlantic, we achieved our goals. Here again, we are in it together, thank you, Roland, for being who you are.

‘A particular stakeholder, responsible corporate leader, Aliko Dangote, thank you for understanding your field and investment in Africa, and your incapacity to navigate the stormy water business.

“Yes, Nigeria is going through a patch, but we depend on you to continue doing this, so that other people will emulate and copy your example, thank you, Aliko.”

Also speaking, Minister Umahi said the government was waiting for private investors to bring their funds.

He said, “It is worthy to state that the model of EPC+F( Engineering, Procurement, and Construction Plus Finance) which the ministry is adopting is commendable.

“This sees the Federal Government investing while waiting for private investors to bring on board their counterpart funds.

“I commend the Honourable Minister of Works and the staff of the Ministry who are ensuring that the contractor delivers good quality work.”

The 10-lane coastal road is intended to link Lagos to Cross River, passing through Ogun, Ondo, Delta, Bayelsa, Rivers, and Akwa Ibom states before ending in Cross River.

Umahi revealed that the road would be built using concrete pavement.

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Yahaya Bello reports to EFCC office with lawyers

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Yahaya Bello reports to EFCC office with lawyers

 

A former Governor of Kogi State, Yahaya Bello, on Tuesday visited the Economic and Financial Crimes Commission (EFCC) to honour another invitation extended to him over alleged misappropriation of funds.

Bello went to the anti-graft office with his lawyers in the morning.

The ex-Kogi governor reportedly drove himself to the EFCC’s office in a black Toyota Hilux van with some lawyers.

He was said to have been taken by some operatives of the agency and are currently being grilled.

This is  coming after the Supreme Court judgment which dismissed a suit brought by some state governments challenging the constitutionality of the agency.

The EFCC at the last hearing on November 14, sought the adjournment till November 27 in the fresh case it instituted against Bello.

It stated that the 30-day window was still running for the summons earlier issued.

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Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct 

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Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct 

 

Ebonyi State Governor Francis Nwifuru has announced the immediate suspension of two commissioners with a permanent secretary among others for gross misconduct.

Those suspended are the Commissioner for Housing and Urban Development Francis Ori, and the Commissioner for Health, Moses Ekuma, with the Permanent Secretary of the Ministry of Health.

The suspension followed an incident on Saturday night, when the governor reportedly visited the Ministry of Health’s premises and was said to have found six officials diverting government materials.

Others suspended for three months are the Executive Secretaries of the State Primary Healthcare Development Agency and the Ebonyi State Health Insurance Agency

The suspension order was announced by the state Commissioner for Information, Jude Okpor, who cited alleged misconduct and dereliction of duties as the reasons for the disciplinary actions.

Okpor made the disclosure on Tuesday during a press briefing on the outcomes of the State Executive Council meeting held on Monday at the New Government House in Abakaliki, the state capital.

“Following cases of gross misconduct and dereliction of duties by some government officials and matters related thereto, the Chairman of Council directed the indefinite suspension of the Honourable Commissioner for Housing and Urban Development and three months suspension of the Honourable Commissioner for Health, respectively

“In view of the development, the Special Assistant to the Governor on Primary Health was directed to take charge of the ministry in the absence of the suspended commissioner.

Governor Nwifuru directed the suspended government officials to hand over all government properties in their possession including vehicles to the Secretary to the State Government.

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Why we’re borrowing despite surplus revenues – FG

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Nigeria’s Minister of Finance, Mr Wale Edun

Why we’re borrowing despite surplus revenues – FG

The Federal Government has defended its decision to borrow to address budget deficits, despite surpassing revenue targets in 2024.

Finance Minister Wale Edun and Budget Minister Atiku Bagudu clarified this position during a session with the National Assembly’s Joint Committee on Finance, Budget, and National Planning. The meeting focused on the 2025–2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Last week, the National Assembly approved President Bola Tinubu’s $2.2 billion loan request to fund the N9.7 trillion deficit in the 2024 budget partially.

During the session, key agency heads, including Nigerian National Petroleum Company Limited (NNPCL) CEO Mele Kyari, Customs Comptroller-General Bashir Adeniyi, and Federal Inland Revenue Service (FIRS) Chairman Zacch Adedeji, presented their revenue reports.

The agencies reported exceeding their 2024 targets.

  • Customs Service: Generated ₦5.352 trillion by September 30, surpassing its ₦5.09 trillion target for the year. For 2025, the agency projects ₦6.3 trillion, with a 10% increase planned for 2026.
  • NNPCL: Achieved ₦13.1 trillion in revenue, exceeding the ₦12.3 trillion projection for 2024. Kyari announced a ₦23.7 trillion revenue target for 2025.

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  • FIRS: Surpassed multiple tax collection goals, including ₦5.7 trillion from company income tax against a ₦4 trillion target. Education tax collections also exceeded expectations, reaching ₦1.5 trillion compared to a ₦70 billion target.

Overall, ₦18.5 trillion of the ₦19.4 trillion 2024 revenue target had been achieved by September, indicating the goal will be exceeded by year-end.

Despite these surpluses, the government insists borrowing remains essential to cover budget gaps and support vulnerable populations.

Bagudu explained, “Even with agencies exceeding revenue targets, borrowing is necessary to address deficits and boost productivity, particularly for the poorest. This aligns with Agenda 2050, which aims for a GDP per capita of $33,000.”

Edun also reiterated that loans were critical for adequately funding the budget.

The committee, led by Senator Sani Musa, questioned the rationale behind the borrowing and demanded further transparency. The Immigration Service was specifically asked to provide documents regarding an “unacceptable PPP arrangement” before the end of the week.

The session underscored the government’s balancing act between increased revenues and fiscal challenges requiring external borrowing.

Why we’re borrowing despite surplus revenues – FG

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