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Tinubu Inherits Over N16tn Uncompleted Projects — EYEMARK

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The newly inaugurated President of Nigeria, Asiwaju Bola Ahmed Tinubu, has inherited over N16.29tn uncompleted projects from his predecessor, Muhammadu Buhari.

The projects were identified through the national monitoring and evaluation platform, EYEMARK, which was launched by Buhari in December last year.

The former President noted that the Federal Government could no longer depend on its handful of monitoring and evaluation teams to oversee the vast number of infrastructure projects spread across the country.

He said that given that his regime invested in infrastructure projects more than any other before, it was only fitting to create adequate avenues for close monitoring by citizens.

He said this would close the existing gaps and promote citizens’ participation in governance.

With EYEMARK, the former president said, “The status of projects, the total amount appropriated and dispensed so far are now available in the public space.”

The national monitoring and evaluation platform, EYEMARK, showed that about 33 projects were yet to be completed.

One such project is the Lagos-Ibadan Expressway, which reportedly costs about N315bn. This 126.6-kilometre road is said to be at 85 percent completion.

The Federal Government had again postponed the reopening of the Lagos-Ibadan Expressway, saying the April 30 date earlier stated was no longer feasible.

The former Minister of Works and Housing, Mr. Babatunde Fashola, who dropped the hint, said the development was due to heavy traffic being experienced from the toll gate to the Kara Bridge section of the Lagos-Ibadan Expressway.

The EYEMARK app shows that Julius Berger Nigeria Pls and RCC are the contractors in charge of this project.

Another project is the Bodo-Bonny Road, estimated to cost about N200bn. The 37.9km road being handled by Julius Berger is put at 75 percent completion.

Fashola recently said work on the Bodo-Bonny Road would be completed in December 2023, even as he hailed the continued progress on the work, with or without Buhari in office.

According to him, the funding for the project comes from the Federal Government’s Tax Credit Scheme into which Nigeria’s Liquefied Natural Gas and other big companies, like Dangote and the Nigerian National Petroleum Corporation, are investing.

There is also the Nigeria- Morocco Gas Pipeline estimated at $25bn (about N11.52tn). It is the most expensive yet-to-be-completed project.

The Nigerian National Petroleum Company Limited is leading the implementation of Nigeria’s National Gas Expansion Programme, including the development of domestic gas pipeline infrastructure projects and the Nigeria-Morocco and Trans-Sahara Gas Pipelines.

The NNPC has signed five Memoranda of Understanding with national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline Project. The five national oil companies and relevant entities are from Gambia, Ghana, Guinea, Guinea Bissau, and Sierra Leone.

Another project is the $2.8bn (about N1.29tn) Ajaokuta-Kaduna-Kano pipeline project, which is said to be at 70 percent completion.

The contractors include Oando Plc, Brentex Petroleum Services Ltd, Oilserve Ltd, and China Petroleum Pipeline Bureau.

The former Vice President, Prof. Yemi Osinbajo, recently revealed that the project would help in generating 3.6 gigawatts (3,600 megawatts) of electricity, adding that the AKK pipeline was a major project of the Buhari’s administration.

The NNPC also recently said that $1.1bn had been spent so far on constructing the $2.8bn Ajaokuta-Kaduna-Kano gas pipeline project.

The counterpart funding for the Greater Abuja Water Project, estimated at $470.76m (about N217bn) is still pending.

In July last year, The PUNCH reported that five years after the conceptualisation of the $470m Greeter Abuja Water Project, the Federal Government was yet to release the 20 percent counterpart fund for the execution and delivery of the project as planned.

There is also the dualization of Akure-Ado Ekiti Road in Ondo/Ekiti states put at N90bn. Fashola last week commissioned the dualisation and construction of the Akure/Iju-Itagbolu/Ado-Ekiti road, which he said would be completed within a spate of 24 months.

He also disclosed that the award and commissioning of the road took so long because of the necessary process required by the new procurement law.

He assured stakeholders that the financing of the project had been taken care of by the NNPC through a tax credit policy and that construction work would not stop till completion.

The Itobe power plant, with a project cost of $5bn (about N2.3tn), is also pending. The 2,400MW coal-fired power project is put at 30 percent completion with the contractor as Eta-Zuma Group.

There is also the renovation of the National Assembly Complex projected to cost about N30.23bn. The Federal Capital Development Authority recently said that the National Assembly complex would not be ready till August, despite pressure for the remodelling of the complex to be completed before the inauguration of the 10th Assembly.

Other projects include the design and construction of the Nigerian Cultural Centre and Millennium Tower (N69.35bn), the full scope development of FCT Highway 105 (Kuje Road) from the airport expressway to the outer Southern Expressway with Spur at Kyami District (N54.95bn), and the construction and equipping of hospitals at Gwarimpa Phase I (N3.03bn).

More projects include the construction of Bichi Township Roads (N1.40bn), the construction of Dawakin Tofa-Gwarzo-Dayi Road in Kano (N2bn), and the 5.4 kilometres Abuja- Keffi expressway and the dualisation of the 220 kilometres Keffi- Akwanga-Lafia- Makurdi federal roads in the North-Central geo-political zone of the country (N166.36bn).

Speaking at the APC South-East grand finale rally in Owerri, the new President, Tinubu, in February promised to continue with Buhari’s developmental programmes.

He said that Buhari’s eight-year reign was a retooling process, adding that he would invest in education, build infrastructure and be prudent should he be elected as the next president.

He said, “PDP stole Nigeria’s treasure. President Buhari’s eight years is a retooling process. PDP are liars. We will continue with developmental programmes of APC, it will not stop.”

 

Credit: The Punch

BIG STORY

AfDB Approves $100m For Establishment Of Youth Entrepreneurship Investment Bank In Nigeria

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The African Development Bank (AfDB) has approved $100 million for the establishment of the Youth Entrepreneurship Investment Bank in Nigeria.

Akinwunmi Adesina, president of the AfDB, made the announcement while delivering a keynote address at the 90th birthday lecture of former head of state, Yakubu Gowon, in Abuja.

“I am delighted to announce here today that just three days ago, the African Development Bank’s board of directors approved $100m for the establishment of the Youth Entrepreneurship Investment Bank for Nigeria,” Adesina said.

He emphasized that the initiative reflects the AfDB’s commitment to supporting Nigerian youths, who are vital to the country’s development.

The bank will provide technical assistance, business incubation, quasi-equity, and debt to youth businesses.

It will also offer guarantee instruments to de-risk lending to these businesses by financial institutions.

Adesina added, “It will be a new day and a new dawn for Nigeria.” He also stated that this initiative aligns with President Bola Tinubu’s vision and plans for the youth in Nigeria.

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BIG STORY

Court Threatens To Jail DSS DG Ajayi For Disobeying Order On Access To Nnamdi Kanu

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A federal high court in Abuja has cautioned Adeola Ajayi, the director-general (DG) of the Department of State Services (DSS), against defying the court’s order for Nnamdi Kanu’s visitation rights.

Kanu, the leader of the Indigenous People of Biafra (IPOB), has been held in DSS custody since his re-arrest in Kenya and extradition to Nigeria in 2021.

He is facing trial on a seven-count charge, including treasonable felony.

Kanu’s legal team has repeatedly accused the DSS of denying its members access to their client.

The court had directed the DSS to allow Kanu’s legal team, with a maximum of five people, to visit him on designated days.

On Friday, the registrar of the federal high court in Abuja issued “form 48 notice of consequences of disobedience to the order of court” against DSS director-general.

The notice warned the DSS boss that he would be guilty of contempt of court and would be liable to imprisonment if he disobeyed the court-ordered visitations.

“Take notice that unless you obey the directions contained in this order (see overleaf), by allowing the applicant’s counsel to conduct the court-ordered visitations with the applicant on Mondays, Wednesdays, and Fridays, you will be guilty of contempt of court and will be liable to be committed to prison,” the notice reads.

  • Kanu’s Lawyers Threaten To Sue Ajayi

In a statement on Friday, Aloy Ejimakor, counsel to the IPOB leader, said if Ajayi disobeyed the court order, the defence team would file contempt charges against him.

“This notice is necessitated by the repeated disobedience of the court-ordered visitation of Mazi Kanu by the newly appointed Director-General of the State Security Services (Mr. Adeola Oluwatosin Ajayi), who has, for almost a month, not allowed Mazi Kanu’s lawyers to visit him,” the statement reads.

“To be clear, this notice is a quasi-criminal judicial process that forewarns any person disobeying a court order of the penal consequences of such misconduct.

“Therefore, if the Director-General of DSS persists on this ignoble path, he will leave us with no other option than to commence vigorous contempt proceedings against him.”

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BIG STORY

Fubara Approves N85,000 Minimum Wage For Rivers Civil Servants

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Siminalayi Fubara, governor of Rivers, has approved N85,000 as the minimum wage for civil servants in the state.

The governor gave the approval during a meeting with representatives of organised labour at the government house in Port Harcourt.

Addressing journalists, George Nwaeke, head of the Rivers State civil service, confirmed that the “implementation of the minimum wage will begin in November.”

He expressed satisfaction with the development, saying that “Rivers state civil servants have never had it this good since the inception of this state.”

Emecheta Chuku, chairman of the joint public service negotiating council, praised the governor for his decision, stating that “for the governor to declare that he will pay N85,000 as the minimum wage, fills our hearts with joy.”

Chuku described Fubara as “a decent man, very responsible” and someone who “understands what it takes to earn a living salary.”

Alex Agwanwor, chairman of the Nigeria Labour Congress (NLC) in Rivers, also pledged support, saying, “We will support him for the next eight years.”

This development follows a similar announcement by Lagos governor Babajide Sanwo-Olu, who recently set the minimum wage at N85,000 for civil servants.

In July, President Bola Tinubu signed a minimum wage bill into law, increasing the national wage from N30,000 to N70,000.

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