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Govt Officials, Politicians Divert N621bn Roads Repair Funds, NUPENG Alerts
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has accused officials of the Ministry of Works and Housing and some politicians of diverting N621billion funds budgeted for the repairs of 21 deplorable and critical federal roads across the country, while the conditions of the roads have worsened and unmotorable nationwide.
The union claimed that officials of the Ministry of Works and Housing were now going around showing pictures of roads done in June and August, 2021 to justify payment made from the N621billion approved in October, 2021for the identified 21 critical roads.
In a statement, yesterday,NUPENG’s President, Prince Williams Akporeha; and General Secretary, Afolabi Olawale; threatened to declare a nationwide strike without notice demanding immediate stoppage to fund releases among others.
The union demanded the setting up of a competent monitoring and validation team comprising all those stakeholders, the pre award pictures of the 21 identified roads taken to be compared with pictures of post repairs/reconstruction situation, immediate review of transport freight rates to reflect the operational realities of the petroleum distribution value chain, among others.
NUPENG recalled the concerns of the National Chairman of Petroleum Tanker Drivers (PTD), on Wednesday, February 8, 2022, and the President of the Nigeria Association of Road Transport Owners (NARTO), on Thursday, February 10, 2021, explaining the reasons behind the increasing deterioration of health and safety provisions for PTD members and the rising number of roads and fire accidents involving the petroleum trucks across the country.
Among others, the statement reads: “In as much as we understand the unfortunate situation the transporters have found themselves, NUPENG, as a responsible and responsive trade union organisation cannot afford to sit idle and watch her able bodied members continued to be wasted away as sacrificial items as well as the wanton destruction of millions of public lives and properties, so as to manage the operational costs by transporters due to inadequate freight rates being paid to them.
“Many of our members have constantly been lodging complaints of being forced to drive with worn-out tyres and other unsafe vehicular parts thereby putting their safety at high risk.
“More worrisome is the fact that the conditions of work of these drivers have remained same for more than six years now and the transporters have been foot- dragging in committing to a revised collective Bargaining Agreement for the conditions of work for the Petroleum Tanker Drivers due to high cost of operations and low freight rates.
“You will all recall that at the end of the quarterly Branch Executive Council meeting of the Petroleum Tanker Drivers, held at PTD House, Emene, Enugu on the 25th of September, 202l, the union issued a firm and decisive ultimatum on the deplorable state of the federal highways and the painful experiences of our members while carrying out their duties across the country.
“The management team of NNPC under Mallam Mele Kyari immediately apprehended the situation then to avert the situation of industrial action of the union, by calling the leadership of the union to two separate meetings on the 10th of October, 2O21in lbadan and 12th October, 2021 in Abuja.
“In attendance at the 12th October were critical Stakeholders such as the FIRS, FRSC, Federal Ministry of Works and Housing, Nigeria Association of Road Transport Owners and NUPENG.
“These two meetings resulted into signing of communiqué indicating the readiness and willingness of NNPC to finance the rehabilitation of identified 21 critical roads at an estimated sum of N621billion through Road Infrastructure Tax Credit Scheme.
“On the basis of this communiqué, the union suspended the intended industrial action, but we were very clear in our statement, that should the spirit and letter of the agreement not fully implemented with focus on those jointly identified critical roads or attempt is made to divert the funds, the union will not give further warning to resume the intended actions.
“You will recall the proposal was tabled before the Federal Executive Council and was graciously approved by Federal Executive Council in-session. Unfortunately, our worst fear concerning the struggle is gradually unfolding with information coming out from reliable sources that some elements in the garbs of being state governments, officials of Ministry of Works and Housing and desperate politicians are already dipping their soiled hands into these funds and diverting them to roads already budgeted for and done since last year.
“The officials of Ministry of Works and Housing are going around showing pictures of roads done in June and August 2021 to justify payment made from the N621billion which was approved in October, 2021for the identified 21 critical roads.
“We have our facts and figures, and we shall not be cowed into allowing the N621billion to go same way others budgeted funds have gone. We demand immediate halt to further release of the fund until that a competent monitoring and validation team comprising all those stakeholders that signed the communiqué is formed.
“The pre award pictures of the 21 identified roads are taken, which will be compared with pictures of post repairs/reconstruction situation. The N621billion was approved because of our demand and struggle; therefore, we owe our members and the general public the responsibility to ensure that every kobo of the approved fund is accounted for. Taxpayers’ money must be accounted for.
“Immediate review of transport freight rates to reflect the operational realities of the petroleum distribution value chain. For these critical issues, we have the mandate of the National Executive Council (NEC) of the Union to commence immediate mobilisation of all our members for resumption of our earlier suspended action.
“We hereby plead with the general public to please bear with us as our action may resume without further notice and that these issues raised are of and should be of national concerns.
“An injury to one is an injury to all. We urge every patriotic Nigerians to also rise up and join us in this struggle, this is not a fight for NUPENG alone, it is our collective fight.”
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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.”
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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.
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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.
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