Politics
Nigerians React As Minister Umahi Demands $35 Billion Budget To Kick-Start Nationwide Road Construction (Details)
Minister of Works, David Umahi, has indicated that the government is in need of $35 billion to initiate the commencement of concrete road construction across the country. Umahi made this disclosure during a meeting with the Minister of Steel Development, Shuaib Audu, held at the ministry’s headquarters in Abuja…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
In a statement released on Tuesday by the Chief Press Secretary to the minister, Orji Uchenna, it was emphasized that the meeting highlighted the importance of coordination, cooperation, and coherence in implementing the Federal Government’s action plans for national development.
Furthermore, Umahi outlined that the struggling Ajaokuta steel company is poised to contribute 16 percent of the required steel material and 30 percent of the cement necessary for the construction of concrete pavement on Nigeria’s roads.
Addressing the challenge of reactivating Ajaokuta Steel, Umahi explained the strategy, stating, “We are venturing into concrete roads; approximately 16 percent will be sourced from steel, while 30 percent will be from cement. The financial requirement for this ambitious project is substantial, estimated at $35 billion. Waiting for federal government funding could pose challenges. We have conducted a thorough analysis of the Return on Investment, considering the potential profits, some of which will be allocated to bank interest.”
Umahi also revealed the consideration of a partnership with a commercial bank, pending endorsement by the Federal Executive Council. He expressed optimism that if approved, it would demonstrate the commitment of the President to his promises and facilitate the realization of the project.
Brazil’s President has called on global powers to reconsider their strategies after saying they have failed to end the ongoing conflict in the Middle East.....KINDLY READ THE FULL STORY HERE▶
Speaking at a summit of progressive leaders in Barcelona, Luiz Inácio Lula da Silva urged the five permanent members of the United Nations Security Council to adopt a new approach and take stronger responsibility for maintaining global peace.
He also criticised U.S. President Donald Trump for his frequent social media posts directed at Iran.
“We cannot wake up every morning and go to bed every night with a tweet from a president threatening the world and declaring wars,” Lula said.
APC Fires Back at Adeleke Over ₦300bn LG Funds Allegation, Blames Governor for Salary Crisis....KINDLY READ THE FULL STORY HERE▶
The Osun State Chapter of the All Progressives Congress (APC) has responded to claims by Governor Ademola Adeleke that local government officials under the party diverted about ₦300 billion meant for workers’ salaries.
Adeleke had made the allegation during a stakeholders’ meeting, accusing APC-controlled council officials of hijacking funds and forcing the state government to shoulder salary payments for local government workers, teachers, health staff, and pensioners for over a year.
He insisted he would not abandon workers, blaming the situation for delays in executing some state projects.
But in a statement, APC’s Director of Media and Information, Kola Olabisi, dismissed the claims, accusing the governor of misleading the public and shifting blame.
The party alleged that Adeleke was responsible for the salary issues, claiming he refused to release electronic payment vouchers and other financial documents needed for processing payments.
APC also said pension-related records, leave bonuses, cooperative deductions, and other financial data had not been made available despite repeated appeals, insisting that funds were properly accounted for and available for use if approved.
The party urged pensioners and workers to seek clarification, insisting the situation could be resolved if the governor allowed due process to take place.
Ekiti State Governor, Biodun Oyebanji, has installed Oba Gbenga Adebowale Agbaje-Gorite as the new Eesalokun of Ilukuno Ekiti in Ijero Local Government Area, reaffirming his administration’s commitment to strict adherence to due process in the selection of traditional rulers.....KINDLY READ THE FULL STORY HERE▶
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