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Lagos-Ota-Abeokuta Road: Ogun Ready To Take Over Project, Lauds FG

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The Ogun State government yesterday declared its readiness to take over the construction of the Lagos Ota-Abeokuta road from the Federal Government and transform it into a world-class carriageway.
The road which runs through Lagos and Ogun States, has been in a deplorable condition for years, resulting in untold hardship for motorists, especially citizens of Ogun State.
The Governor Dapo Abiodun-led administration has been providing palliatives on the road since 2019.
Efforts by Prince Abiodun, in conjunction with his Lagos State counterpart, Babajide Sanwo-Olu were rebuffed by the administration of former President Muhammadu Buhari.
However, the unrelenting efforts of Governor Abiodun finally yielded fruit on Monday when the federal government announced its approval for the Ogun State Government to embark on the reconstruction of the dilapidated road and toll it.
Minister of Works, David Umahi, spoke on the new federal government position after the Federal Executive Council (FEC) meeting at the Aso Villa, Abuja on Monday.
“On permission to build federal roads, when such requests are made, we give approval within 24 hours but then there are conditions to be met – they must have to use the Federal Ministry of Works standard designs,” Umahi said.
Appreciating the gesture of the federal government while commending Governor Abiodun for his resilience in pursuit of the approval, Ogun State Commissioner for Works and Infrastructure, Engr. Ade Akinsanya, declared that the state is ready to take on the project and end the many years of suffering of her people.
Akinsanya, who recalled that the struggle to get the approval from the federal government started immediately Governor Abiodun was sworn in in 2019, said the decision to allow Ogun take over the project is the best thing that can happen to the people of the state and other users of the road.
Saying the Governor never stopped decrying the decrepit state of the road, the Commissioner said: “Severally, Governor Abiodun and Governor Jide Sanwo Olu of Lagos State wrote the presidency and the federal works ministry seeking the handover of among other roads, the Lagos-Sango Ota-Abeokuta road, Ikorodu-Ogijo-Sagamu road and Sagamu-Ijebu Ode-Benin road.

“But the response then was that all the roads were under contracts at the time, so nothing happened. But our governor, determined to see and end to the hardship being experienced by our people, did not give up until he was able to seal the deal on Sunday.”
Explaining that the length of the road is roughly 70km with Ogun having about 61km and Lagos State, 9km, Akinsanya said even while waiting for the approval, the state administration kept doing all it can to make the road manageable for motorists.
“Ogun State has been rehabilitating the road since 2019. We kept doing palliative works because the governor is always concerned about the sufferings being experienced by the people. He remained concerned about the deplorable state of the road till he got what he wanted from the federal government.
“With the transfer done now, we are happy and ready to immediately take over the project and turn around the fortunes of the road. It’s what we’ve been looking for, praying for since we came on board. We will take over immediately, subject to paper works between us and the federal ministry,” he stated further.
Akinsanya added that the state is going to work with the federal ministry of works to meet the criteria of the federal government.
“We are working on how to fund the project. Aside from the road, we will have trailer parks and other infrastructure in place. It will be in partnership with some other stakeholders. It’s a PPP project and work will start as soon as possible
“The governor has done very well in securing this approval despite the delay. We will still work with Lagos State on a lot of modalities. This is why we are the Gateway.
“The work will be accelerated so that delivery will be swift. We will give the best standard in the shortest time possible. We appreciate the minister for supporting our quest all along. Governor Abiodun is still working hard for more of this,” he added.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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