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More controversy over printing of N60b for March allocation

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The controversy over the alleged printing of N60 billion by the federal government to augment the March allocation to the three tiers of government raged further on Friday with Central Bank of Nigeria Governor Godwin Emefiele saying money printing is the responsibility of the apex bank.

The Peoples Democratic Party (PDP) joined the fray and slammed the federal government for initially denying the claim by Governor Godwin Obaseki about printing money.

The PDP said the admission by the CBN Governor has vindicated its (PDP’s) earlier stand that the present administration is “characterised by concealments, deceit and falsehood.”

“The concept of printing of money is about lending money and that is our job,” Emefiele tweeted on Friday.

He added: “It will be irresponsible for the CBN or any Central Bank or Fed to stand idle and refuse to support its government at a time like this.”

That was 24 hours after Emefiele told reporters during a visit to Nasarawa State that “the concept of printing of money… is about lending money.”

He said: “It is important for me to put it this way that in 2015/2016 … we did provide budget support facility for all the states of the country.

“That loan remains unpaid till now and we are going to insist on the states paying back those monies going forward, since they are accusing us of giving them loans – effectively that’s what they are saying.

“If you understand the concept of printing of money, it is about lending money. There is no need for all the controversy around the printing of money as if we are going into the factory, printing naira, and then distributing (it) on the streets.

“It is very inappropriate for people to just give some coloration to the word ‘printing of money’ as if it is a foreign word coming from the sky.”

Responding to the statement by Emefiele yesterday, the Peoples Democratic Party (PDP) demanded the immediate sack of Finance Minister Zainab Ahmed.

The party, in a statement issued by its spokesman, Kola Ologbondiyan, slammed the Finance Minister for initially denying the printing of any N60 billion.

The PDP said the admission by the CBN Governor that the apex bank has been printing money at the bidding of government was a vindication of  its earlier stand that the present administration is characterised by concealments, deceit and falsehood.

It said: “A situation where the Federal Government cannot articulate and implement policies favourable to wealth creation but resorting to borrowing and indiscriminate printing of currency notes only goes to further confirm that the Buhari administration lacks the credibility and capacity to run a nation.

“Indeed, the admission by the CBN governor that Nigeria is unfortunately in a very bad situation further justifies our position that the Buhari-led APC administration has wrecked the economy of our nation.”

The party expressed worries over the huge negative impact of indiscriminate printing of currency, which has led to an unprecedented rise in inflation rate to 18.17 per cent, as disclosed by the National Bureau of Statistics (NBS) on Thursday.

It noted that the situation has led to further economic hardship with surging prices and falling purchasing power, which has thrown millions of families in distress and unable to afford the basic necessities of life.

It charged President Buhari to come clean on the amount of currency that has been printed so far by the CBN to finance the deficit caused by the “financial mismanagement of his government as well as what the funds had been used for”.

“Furthermore, for failing the full disclosure test, the PDP demands that the Minister of Finance should immediately be relieved of her position, while the President accepts responsibility for the indiscriminate printing of currency in our naira,” it said.

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FG Allocates ₦5.6bn for New Carter Bridge as Old Structure Fails Safety Test

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Carter Bridge in Lagos

FG Allocates ₦5.6bn for New Carter Bridge as Old Structure Fails Safety Test

The Federal Executive Council (FEC) has approved the demolition and complete reconstruction of Carter Bridge in Lagos, declaring the ageing structure beyond rehabilitation. The decision aims to ensure road safety, reduce congestion, and modernize one of Nigeria’s most critical transport arteries.

Minister of Works, David Umahi, disclosed after the council meeting chaired by President Bola Tinubu that ₦5.6 billion has been allocated to hire advanced engineering consultants for the design and cost assessment of the new bridge. Umahi explained that extensive technical assessments and consultations revealed that the current bridge could no longer safely serve traffic.

“The total recommendation was that Carter Bridge can no longer be rehabilitated; it should be demolished and a new bridge constructed,” Umahi said.

Carter Bridge connects Lagos Island to the mainland and is a vital corridor for commuters, cargo vehicles, and commercial traffic. Its reconstruction is expected to ease traffic congestion, improve transportation safety, and support economic activity in Nigeria’s largest commercial hub.

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Part of a Nationwide Infrastructure Upgrade

The Carter Bridge project forms part of a broader federal infrastructure program. FEC also approved several major road projects across the country, including:

  • Reconstruction of the Ibadan–Ife–Ilesa Road in the Southwest
  • Redesign of the Kano–Kongolam Road in Northern Nigeria
  • Rehabilitation of the Keffi–Nasarawa–Abaji Road in the North-Central region
  • Completion of the Suleja–Minna Road
  • Reconstruction of the Abuja–Lokoja Road

Umahi emphasized that these are strategic, long-term infrastructure projects, not temporary fixes, and the government aims to deliver at least four completed projects per region for presidential commissioning by May 15.

“These are not palliative works; they are major infrastructure projects for national development,” the minister added.

Modernization and Economic Impact

The new Carter Bridge will incorporate contemporary engineering standards, enhanced durability, and increased capacity for vehicles and pedestrians. Officials say the project will also attract private sector participation, create skilled jobs, and strengthen Lagos’ transport network.

By replacing the ageing structure, the federal government intends to ensure that major transport routes across Nigeria meet modern safety and operational standards, while supporting economic growth and improving daily mobility for millions of Lagos residents.

FG Allocates ₦5.6bn for New Carter Bridge as Old Structure Fails Safety Test

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ICPC, NRC Forge Anti-Graft Alliance to Safeguard Rail Assets

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ICPC, NRC Forge Anti-Graft Alliance to Safeguard Rail Assets

 

The Independent Corrupt Practices and Other Related Offences Commission has pledged closer collaboration with the Nigerian Railway Corporation to strengthen transparency and accountability in the country’s rail sector.

The Resident Anti-Corruption Commissioner (RAAC), Lagos Office, Mr. Alexander Chukwumah, gave the assurance during a courtesy visit to the NRC Managing Director, Dr. Kayode Opeifa, at the corporation’s headquarters.

Chukwumah said the commission was prepared to support the NRC through targeted training programmes aimed at equipping staff with the knowledge to identify and avoid actions that could expose them to corruption-related offences.

He explained that the initiative aligns with the ICPC’s public education mandate to promote integrity across public institutions.

He urged the management of the corporation to work closely with its Anti-Corruption and Transparency Unit, noting that members of the unit had been trained to detect early warning signs and red flags capable of preventing minor lapses from escalating into major institutional crises.

According to him, the visit was also to reinforce the cordial relationship between both agencies and reciprocate the goodwill earlier extended by the railway corporation.

“ICPC is committed to ensuring that NRC workers stay out of trouble. There are ways we can guide you and your team to avoid actions that could expose them to corruption risks,” Chukwumah said.

In his response, Opeifa welcomed the partnership and expressed readiness to deepen collaboration with the anti-graft agency to entrench transparency within the corporation.

The NRC boss observed that the railway system could have achieved greater milestones over the years but for corruption-related setbacks that slowed its growth.

He requested the commission to organise a capacity-building programme for heads of departments and senior management staff to sharpen their understanding of compliance standards and ethical decision-making.

Opeifa identified vandalism of railway infrastructure as a major operational challenge, stressing that the destruction of critical assets continues to strain service delivery.

As part of efforts to curb the menace, he presented anti-vandalism sweatshirts to the ICPC delegation bearing the inscription: “Rails and railway assets are critical national treasures and not scraps.”

He maintained that the corporation operates a strict disciplinary regime, warning that any staff found culpable of collusion or sabotage faces immediate dismissal.

He also commended NRC engineers and other personnel for sustaining operations despite logistical and infrastructural challenges.

On the corporation’s long-term direction, Opeifa reiterated the NRC’s Vision 2-5-10-20 development framework aimed at modernising and expanding the rail network.

He said the first phase prioritises optimising legacy lines and reviving abandoned corridors that once served as economic lifelines, including the Kaduna–Nguru–Kaura Namoda route, with plans to restore services to Zamfara State within the year.

He added that the corporation is advancing a freight-by-rail drive under its “Railing with the States” initiative to enable sub-national governments leverage rail infrastructure for economic growth and enhance connectivity to the nation’s seaports.

Opeifa further disclosed that the NRC plans to gradually transition from diesel-powered locomotives to cleaner energy sources such as gas within the next five years, subject to funding, while working towards doubling Nigeria’s rail assets by 2035.

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Tinubu swears in Disu as substantive IGP, chief inaugurates up state police committee

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Tinubu swears in Disu as substantive IGP, chief inaugurates up state police committee

 

President Bola Tinubu on Wednesday swore in Olatunji Disu as the substantive Inspector-General of Police at the Council Chambers of the State House, Abuja, as the new police chief immediately inaugurated a committee to drive the implementation of state policing.

Disu took the oath of office at 2:53pm after his citation was read by the State House Director of Information and Public Relations, Mr Abiodun Oladunjoye.

The brief ceremony, witnessed by Vice President Kashim Shettima, members of the Federal Executive Council and other top government officials, preceded the FEC meeting, which commenced at 3:01pm.

Among dignitaries present were the Secretary to the Government of the Federation, George Akume; National Security Adviser, Nuhu Ribadu; Chief of Staff to the President, Femi Gbajabiamila; Minister of Police Affairs, Ibrahim Gaidam; FCT Minister, Nyesom Wike; and Head of Service, Mrs Esther Walson-Jack.

The President also swore in newly appointed commissioners of the Revenue Mobilisation Allocation and Fiscal Commission and the Federal Civil Service Commission.

Disu’s confirmation followed his unanimous endorsement by the Nigeria Police Council on Monday, barely a week after Tinubu appointed him acting IGP in the wake of the resignation of his predecessor, Kayode Egbetokun, on February 23, 2026.

At Monday’s Police Council meeting, Lagos State Governor, Babajide Sanwo-Olu, reportedly commended Disu’s track record, particularly his tenure as Commander of the Rapid Response Squad in Lagos between 2015 and 2021.

Nasarawa State Governor, Abdullahi Sule, also described the appointment as merit-based, while Enugu State Governor, Peter Mbah, seconded the motion endorsing him.

Disu, 59, joined the Nigeria Police Force as a Cadet Assistant Superintendent of Police on May 18, 1992. Before his elevation, he served as Assistant Inspector-General of Police in charge of the Special Protection Unit and the Force Criminal Investigation Department Annex in Lagos. He previously held key roles in Lagos and Rivers states.

 

Hours after his inauguration, the new IGP held his first formal engagement with senior officers, during which he announced the constitution of an eight-member committee to oversee the implementation of state policing.

Professor Olu Ogunsakin was named chairman of the committee.

Addressing the force hierarchy, Disu said leadership was “not about position but responsibility,” stressing that professionalism, discipline and accountability must guide policing nationwide.

He underscored the need for restraint in the exercise of authority and respect for human rights, insisting that all Nigerians must be treated with dignity and fairness irrespective of status.

The IGP also pledged to strengthen internal oversight mechanisms, directing that the Public Complaint Unit and the X-Squad be empowered to operate independently.

On decentralisation, Disu said state policing would enable different tiers of government to play more active roles in addressing security challenges across the country.

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