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FG Needs N6.26trn To Fix 711 Roads In 2021, Minister Reveals

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The Minister of Works, Babatunde Fashola, yesterday, said that to complete 711 highway projects in 2021, his ministry would require over N6.26trillion.
The minister said the 2021 budget provision of less than N300billion for the projects, was a drop in the ocean.
The minister raised his concerns, during a 2021 budget defence session before the Rep. Abubakar Bichi-led Committee on Works.
He observed that since the ministry cannot accomplish all its objectives due to paucity of funds, but recommended that rather than expanding the projects being financed through Sukuk, efforts should be channelled towards the completion of the entire green network covering the four major ports, Lagos, Warri, Port Harcourt and Calabar.
According to him, out of the total sum of N227.964billion capital allocation appropriated in the 2020 Appropriation Act, the sum of N152.150billion has so far been released to the Works and Housing sector (representing 66.74%), leaving a balance of N75.814billion; adding that the sum of N162.559billion projects was financed through Sukuk Bond.
“The sum of N77.955billion was released to the highway (Works sector) from the budget aside from the sum of N162.559billion for the Sukuk issuance.
“The Sukuk is to be drawn down for works certified only in respect of 44 roads and bridges and the ministry is still awaiting the payment of the first tranche of N54.8billion is for work done as at 16/10/2020.
“The ministry is currently administering 711 number of contracts nationwide and as of October 1, 2020, the ministry has a cumulative unpaid certificate in the sum of N392.020billion on ongoing highway construction projects,” he noted.
For 2021 budget proposal, Fashola said that the sum of N435.319billion was proposed for capital, personnel and overhead cost of the Ministry of Works and Housing and six parastatals, adding that the N15.886billion overhead is insufficient due to various socio-economic factors such as cost of fuel, inflation rate, among others.
While responding to questions on the Presidential Infrastructure Development Fund (PIDF), he explained that the three national priority highway projects are being financed from the sovereign wealth fund, namely: rehabilitation, reconstruction and expansion of Lagos-Shagamu-Ibadan dual carriageway; construction of 2nd Niger Bridge and rehabilitation if Abuja-Kaduna-Kano dual carriageway.
According to him, “the 44 roads and bridges are being financed through the N162.557billion sovereign Sukuk bond, mainly dual carriageways on major arterial routes A1-A9 on the federal road network, including A1 Lagos-Ibadan-Ilorin-Jebba-Jega-Tambuwal-Sokoto-Niger Republic Border; A2 Warri-Benin-Lokoja-Kaduna-Kano-Kongolam; A3 Port Harcourt-Aba-Enugu-Makurdi-Lafia-Jos-Bauchi-Potiskum-Maiduguri-Gambrou; A4 Calabar-Ugep-Ikom-Ogoja-Katsina-Ala-Jalingo-Yola-Gombi-BamaMaiduguri; A5 Abeokuta-Ibadan; A6 Onitsha-Owerri; A7 Kaiama-Kishi; A8 Mayo Belwa-Jamtari Jada-Ganye; and A9 Kano-Katsina-Jibia-Niger Republic Border and other major routes like Kano-Maiduguri, Onitsha-Enugu, Sapele-Ewu, Lagos-Badagry, Odukpani-Itu Bridge Head, etc”.
He also disclosed that “the ministry is engaging in a number of highway projects funded with multilateral loans for which the Federal Government contributes counterpart funding”.
He called for the amendment of the Public Procurement Act to accommodate small and medium construction companies, adding that the extant law does not provide for the award of contracts with low financial capacity.
Some of the lawmakers who spoke during the exercise, including Rep. Ben Igbakpa queried the slow pace of work done by Julius Berger, despite the release of N70billion for Abuja-Zaria, N62.8billion for Lagos-Shagamu-Ibadan; N100.6billion for the Second Niger Bridge while RCC has so far received N92billion for Lagos-Shagamu contract.

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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