News
FG Spends N49bn On 11 Roads …As Jonathan Seeks Financial Autonomy For PDP
The Federal Government, says it has spent over N49 billion to complete 11 federal road projects across the country in the last one year.
The Minister of Works, Mr Mike Onolememen, made this known yesterday while giving the stewardship of his ministry to newsmen in Abuja.
The briefing was in line with the ministerial platform approved by the Federal Executive Council (FEC) to mark the 2012 Democracy Day as well as the one year anniversary of President Goodluck Jonathan’s administration.
Onolememen said that the 11 roads were part of the 168 road construction/rehabilitation projects inherited by the administration.
The minister said the completed roads had been provided with the necessary road signs and markings.
“The first on the list which is in the North Central zone is the construction of Bomp-Manchok road, the amount paid to date amounts to about N3.8 billion, still in the North Central, the Langtan-Tukur-Shendam road in Plateau State, the amount paid to date stands at N4.5 billion.
“The completion of the construction of the Gembu-Tongu road in Adamawa State and to date the ministry has paid about N4.6 billion, in the construction of Gombe-Numa-Yola road in Adamawa State, to date, the ministry has paid N3.8 billion.
“ The Gombe bye pass in Gombe State, to date the ministry has paid the sum of N2.1 billion, the access road to the Kaduna refinery, this project has recorded 100 per cent completion and to date the ministry has paid N800 million.
“On Kano-Kazaure-Daura-Yar’Ádua road in Katsina State, to date though the project stands at 100 per cent completion, the ministry has paid N3.8 billion.
“On the rehabilitation of the Aba-Owerri road in Abia and Imo States, to date the ministry has paid about N1.8 billion, on the rehabilitation of the Adaoru-Nsukka-Adani road in Enugu State, the ministry has paid the total sum of N1 billion.
“On the Onitsha-Owerri dual carriage road, to date the ministry has paid N19 billion, on the construction of Eleme junction fly over in Rivers State, to date the ministry has paid N5.6 billion.”
He said that the ministry was working assiduously to deliver on the roads based on available resources.
The minister said that government was also working to ensure that additional funds were accessed to complete other major road projects across the country.
On the provision of road signs and markings on major high ways, the minister explained that some of the newly completed roads had been provided with the necessary facilities, adding that the provision of road signs and markings was to ensure the safety of road users.
Onolememen, however, said roads that had been opened to users without road signs were not fully completed, adding that the Federal Government had decided to open such roads to ease the sufferings of road users.
The ministerial platform continues tomorrow with presentations from the Ministries of Water Resources, Agriculture and Environment.
Meanwhile, President Goodluck Jonathan yesterday urged the leadership of the ruling Peoples Democratic Party to seek ways of generating funds internally to free itself from the influence of money bags.
The President gave the advice in Abuja at a forum with the new members of the National Working Committee (NWC) of the party.
Jonathan noted that achieving financial autonomy would free the party from depending on donations from rich party members, who in turn, would influence its decisions in one way or the other.
“Members of the party must pay monthly contributions based on our guidelines.
“We must all work to create an avenue where the party will source for funding, so that if you are the chairman of the party, members of the working committee can manage the party without excessive influence from people.
“Even though we expect all money bags to be in PDP, but we don’t want the money bags to influence the activities of the party,’’ he said.
According to the President, the party must come up with programmes that would make it financially self sustaining.
Jonathan pledged to always carry the party along in the running and implementation of government policies and programmes.
“My cabinet is totally committed and we will not come up with any major programme without involving the party.
“Whether you are in the executive or parliamentary arm of government, we all belong to our party and we must project the agenda of the party.
The President urged the party leadership to feel free to request all cabinet members to brief them on the activities of the government.
He challenged the party not to shy away from its responsibility of giving direction to the government and the legislature, to enhance good governance in the country.
The president admonished the party to enforce discipline among members, irrespective of status, adding that the leadership must ensure that the party’s guidelines were followed and implemented to the latter.
“In South Africa, the ANC can admonish the President because the party is superior’’.
In his goodwill message, the pioneer National chairman of PDP, Chief Solomon Lar urged the new leadership of the party to remain united and make patriotism their watchword.
Chairman, Convention Committee, Chief Ojo Maduekwe and the National Chairman of the party, Alhaji Bamangar Tukur, in their separate speeches, assured the President of their unflinching support.
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
News
FG Laments Low Patronage Of Made-In-Nigeria Products

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
News
Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.
-
Editorial3 days ago
Reforming Nigeria’s Prison Crises
-
Politics3 days ago
Leave PDP, Bode George Tells Atiku, Wike
-
News3 days ago
Nigeria Safe For Investment, Edun Assures Investors
-
Featured3 days ago
FG Begins Induction For New Permanent Secretaries, Accountant-General
-
Rivers3 days ago
Rivers Judiciary Denies Reports On SOLAD’s Sack
-
Opinion3 days ago
Periscoping The Tax Reform Bills (1)
-
Politics3 days ago
Gov Bago Succumbs, Invites Persons With Dreadlocks
-
Business3 days ago
USTR Criticises Nigeria’s Import Ban On Agriculture, Others