Connect with us

News

‘FG Incurs N956bn Outstanding Liabilities On Road, Housing Projects’

Published

on

The Federal Government has told the Senate that it was having outstanding liabilities and owed contractors handling road and housing projects across the country to the tune of N956billion as of September, 2022, just as he lamented the drastic budget cuts earmarked for the road and housing sectors in the 2023 fiscal year.
The government said that of the N956billion outstanding liabilities, it was owing are for contractors handling the National Housing Scheme N191.75billion while the remaining balance of N765billion was owed to contractors handling road projects across the country from the total contract value of N10.4trillion.
It also said that it has touched on 8,352kilometres of roads in the last seven and a half years across different parts of the country out of its total contract value of N10. 4trillion earmarked for road construction in its development plan.
According to the government, it was part of its infrastructure development roadmap in the country.
Speaking in Abuja when he appeared before Senator Adamu Aliero, Kebbi Central-led Senate Committee on Works and that of Senator Sam Egwu, PDP, Ebonyi North-led Senate Committee on Housing to defend the budget for 2023, the Minister of Works and Housing, Babatunde Raji Fashola, SAN, disclosed that the Federal Government has a total of 36,000kilometres of roads across the country.
Specifically, in his submissions before the Senate Committee on Housing, Fashola said that the National Housing Project which started in 2016 has been executed in 35 out of 36 states of the federation with 1,250 contractors, adding that the 6, 000 housing units have created 46 construction sites across the country, 29, 030 direct employment and 57, 874 indirect employment.
He said, “The National Housing Project is very much on the course but the problems of the paucity of funds through drastic budget slash and outstanding liabilities of N191.75billion, need to be urgently looked into.
“ In the 2022 fiscal year, while the total capital votes for both Works and Housing Components of the ministry was N441.18billion, the proposal made for the 2023 fiscal year is N146billion.
“Out of the proposed N146billion as capital expenditure for the entire ministry in 2023 fiscal year, only N45billion is earmarked for the Housing sector.”
Making similar submissions to the Senate Committee on Works, the Minister said: “The main challenge to highways development in the country remains inadequate funding. As at date, the government is committed to highway contractors to the tune of about N10.4trillion while a total of about N765billion are unpaid certificates for executed works.
“Secondly, the shortage of younger engineers/technical officers in the ministry as a result of the embargo on employment is affecting proficient project supervision at the sites.”
Speaking on the achievements of the ministry under his watch, Fashola, who noted that while some of the roads have been successfully executed and completed; others were in advanced stages, said that out of the contract value of N10.4trillion for the construction of roads.
The minister lamented to the Senate Committee members to make provision for the outstanding liabilities owed contractors’ suppliers for executed work in their final review of the ministry’s budget for 2023, warning that the non-payment of the money could affect the livelihood of many families along the value chain.
Fashola said, “These are monies owed to contractors’ suppliers who supply building materials, cement etc. It is very important we find a solution otherwise we will have consequential social and economic effects.”
The minister, who noted that the ministry intervened in the construction of 85kilometres of roads in several federal tertiary institutions as part of the ministry’s investment in the education sector, said that the ministry also initiated major repairs of bridges under its 2022 budget even as he announced that the bridge component of the Second Niger Bridge is completed; pointing out that only the Onitsha and Asaba roads components of the project are left to be completed.
Fashola welcomed the Tax Credit arrangement initiated by the Federal Government in 2019 which has enabled the government to transfer the construction of some key roads to some private entities like the Dangote Group, MTN, PZ and subsidiaries of NNPC.
The total budget for the Ministry of Works and Housing for 2022 stood at N515billion with N441.1billion as capital for works.
In the projection for 2023, the budget for the ministry was slashed to N198billion, out of which N45billion was allocated to housing.
Fashola lamented the paucity of funds, especially in the face of outstanding liabilities which he said would greatly hamper the ministry’s ability to embark on new projects in 2023.
However, chairmen and members of the committees commended the minister for a series of roads and housing projects executed across the country in the face of scarce resources and other challenges.
The Chairman of the Senate Committee on Housing, Senator Sam Egwu, told the minister to use the proposed N45billion capital votes in the 2023 budget to complete the remaining 3,000 units of the 6,000 units National Housing Project.
At the Committee on Works, the Minister was tasked with ensuring the completion of the 2nd Niger Bridge this year and the critical road projects he highlighted.

Continue Reading

News

Victory Over Insurgency Certain, Tinubu Assures

Published

on

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.

Continue Reading

News

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

Published

on

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.

Continue Reading

News

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

Published

on

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.

 

Continue Reading

Trending