Business
Kano-Maiduguri Dual Carriage Way, Ready, Soon
Motorists plying Damaturu to Potiskum section of the Kano-Maiduguri dual carriage way will commence using the new road early next year. Project Manager of the dual carriage road, Mr Yang Ming told our correspondent in Damaturu on Monday that 86.5 kilometre out of the 96 kilometre road would be completed by the end of this year.
“We have completed 65 kilometre asphalting, and 70 kilometre stone base of the new road under the dual carriage road project.
“We are diverting traffic to the new road early next year to enable us rehabilitate the existing road in order to complete the dual carriage way,” he said.
Yang said that adequate equipment had been deployed to site to ensure timely completion of the project.
Our correspondent reports that the Federal Ministry of Works last week expressed satisfaction with the quality and speed of work on the project.
Director Federal Highways North East, Alhaji Kabir Abdullahi, said, “the materials used for the project were in full compliance with specifications contained in the contractual agreement.
“I am particularly pleased with the pace and quality of work being executed by the contractors handling the project and, it is a clear testimony of government getting value for its money.”
The director, who was represented by the Deputy Director Highways, Mr David Agbakoba, said that the delay in completing the project was due to the lack of funds.
“But I am optimistic that government will provide more resources for speedy completion of the project.” the director said.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.