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Lagos-Abidjan Expressway Project Begins 2014 –Jonathan

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13 years ago

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President Goodluck Jonathan said last Saturday in Abidjan, Cote d’Ivoire that the construction of Lagos to Abidjan Expressway would commence next year.

The president made the disclosure at the Nigerian-Cote d’Ivoire Investors Forum on the sideline of his state visit to that country.

He said that the construction of the road was imperative to enhance free movement of goods and persons and reduce the encumbrances currently posed by the local customs and police to business men.

He said that the construction of the road was “dear to the heart of the ECOWAS leaders”.

Jonathan was speaking on the sideline of the 42nd ECOWAS Summit in Yammoussoukro, there was a meeting of the leaders of Nigeria, Togo, Benin, Cote d’Ivoire and Ghana on how to actualise the project.

“We have charged the Ivorian Minister of Infrastructure and the Nigerian Minister of Works to work with the ECOWAS Commission that within two weeks they must come up with a blueprint and preliminary information on the project.

“We will discuss the issue in Addis Ababa in May when we go for AU meeting.

“This is because we want a situation where the desk-work will be completed this year and by next year, we want physical construction.

“We believe that when we have this express road the issue of movement, interference by Customs and Police will be minimised because that will be an ECOWAS road.

“The laws regulating the use of the road will not be the laws regulating that of the roads in Nigeria, Cote d’Ivoire or Ghana.

“It will be an international standard and everything will be done in such a way that movement of goods, services and so on will not be interfered with by local restriction.”

Jonathan said that the projects would not be financed with public funds but by development partners and some viable banks which would re-coup their funds through tariffs and toll fees.

“It is a viable project that banks and business men within and outside the region will key into and which will generate enough money in short time.

Jonathan further explained that the project when completed would integrate the entire region.

“Togo has seven million, Benin Republic, eight million, Cote d’Ivoire, 25 million, Ghana 26 million and Nigeria about 167 million.

“When you add all these together, it gives you about 236 million out of the projected 287 million of ECOWAS.

“So, these five countries, by the time you traverse from Nigeria to Cote d’Ivoire, then you will easily integrate the entire sub-region.

“You will so integrate the system in such a way that you can key other countries along, that is why we decided that we must work with our business men and women to develop an express road from Lagos to Abidjan,” he said.

The president noted that there were lots of investment opportunities in the sub-region which were yet to be harnessed for development.

He identified the major challenges to development as lack of technology and exportation of raw materials without adding values.

“When you export crude oil you export job opportunities because those who refine the crude oil and turn our gas to petrochemical create a lot of jobs.

“Like now, we are supposed to be exporting finished products not crude oil and gas but we are still doing that.

“Cote d’Ivoire is just going to the oil industry, they should not make the mistakes Nigeria made from the beginning they must think about exporting finished products not exporting crude oil.

Jonathan noted that economic growth should not be reduced to paper work but realities that would affect the lives of the citizens.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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5 days ago

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April 10, 2026

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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5 days ago

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April 10, 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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5 days ago

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April 10, 2026

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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