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FEC Approves N221.9bn For New Lekki Seaport

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The Federal Executive Council (FEC) on Wednesday in Abuja approved the signing of an agreement for the development of the Lekki deep sea port in Lagos State.
The Minister of Transport, Alhaji Idris Umar, stated this while briefing State House correspondents on the outcome of the weekly FEC meeting presided over by Vice-President Namadi Sambo.
He said the seaport project would be executed at the cost of $1.345 billion (about N221.9 billion).
Umar said it would be executed through the Private-Public-Partnership arrangement, and has been concessioned to Messrs Lekki Ports LFTZ Enterprise for 45 years.
He said 20 per cent is for the Federal Government in terms of the project’s equity shares, with 18.5 for the Lagos State Government and 61.5 for the private investors.
The minister said 800 million dollars out of the project cost would be funded through debt financing, while the balance would be contributed by equity.
He said the seaport when completed would give Nigeria its first deep sea port since independence and end congestion at the Apapa port.
“The economic benefits of this port to this country and to the economy of the country in particular need not to be over-emphasised.
“Not less than 9.3 billion dollars will be accrued to the (Nigeria Ports Authority) NPA, made up of 2.6 billion dollars from marine services and royalties and then 6.7 billion dollars’ share of profits from the investments.
“Other benefits that will accrue will be the ripple effects of operation of the port from Customs charges and other economic benefits which will not be less than 379 billion dollars over the period of 45 years.
“The ports will create jobs of not less than 162,000. It is therefore of immense benefit to the economy of this country. Therefore, that underscores the need for us to have this deep sea port.”
The minister further stated that the port would automatically revert to the Federal Government at the end of the concession period.
Also speaking, the Minister of State for Works, Alhaji Bashir Yuguda, said FEC further approved about N30 billion for the construction/rehabilitation of some roads across the country.
He said the road projects were meant to fast track the development of infrastructure and boost socio-economic and agricultural activities.
“The projects include the construction of Kankara-Gurbi road in Katsina State at the cost of N1.4 billion and theconstruction /rehabilitation of Yashi-Duguri-Yalo Road in Bauchi State at the cost of N1.75 billion.
“Also, there is the construction of Isoko Ring Road in Delta at the cost of N2.1 billion and the Jarmai-Bashar Road in Plateau State at the cost of N1.38 billion.
Others include the rehabilitation of Wukari/Akwana Road in Taraba at the cost of N3.97 billion, and the construction of Ajase/Offa/Erin-Ike/Osun State Boundary Road in Kwara at the cost of N1.24 billion.
“There is also the Takum-Dongawa Road and Katsina-Ala at the cost of N1 billion, and the rehabilitation of Amanwaozuzu-Uzoagba-Eziama-Orie-Amaohia road in Imo which will gulp N1.275 billion.
“The rest will see N1.48 billion being spent on the construction of River Ebba Bridge at Cheche, Katcha Local Government Area in Niger, and the construction of Bida-Sacci-Nupeko Road in Niger which will gulp N8.673 billion,” Yuguda said.
In his contribution, the Minister of Information, Mr Labaran Maku, told State House correspondents that the National Good Governance Tour would resume with a visit to Kaduna state on Saturday.
He also stated that the Minister of Sports, Malam Bolaji Abdullahi briefed the council on the forthcoming National Youth Games (NYG) billed to start this weekend in Abuja.

Representative of the wife of Rivers State Governor, and Commissioner for Women Affairs, Mrs Joeba West (left) cutting the tape with the assistance of her Commerce and Industry counterpart, Barr Chuma Chinye, at the opening of the 3rd Port Harcourt Xmas Discount Market in Port Harcourt , yesterday. Photo: Chris Monyanaga

Representative of the wife of Rivers State Governor, and Commissioner for Women Affairs, Mrs Joeba West (left) cutting the tape with the assistance of her Commerce and Industry counterpart, Barr Chuma Chinye, at the opening of the 3rd Port Harcourt Xmas Discount Market in Port Harcourt , yesterday.
Photo: Chris Monyanaga

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Telcos Fear Shutdown As Lagos-Calabar Highway Construction Threatens Cables 

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Barely 48 hours after Multichoice alerted subscribers to a three-day technical downtime, telecommunication companies have expressed concern over possible connectivity disruptions as construction advances on the 700km Lagos-Calabar Coastal Highway.
While the DStv and GOtv owner acknowledged the anticipated impact of the ongoing Lagos-Calabar construction project on their uplink facilities, telcos have expressed broader concerns emphasising the vital role of telecommunication service and the effect of possible anticipated technical disruption.
The Lagos-Calabar coastal highway corridor serves as a crucial landing point for multiple submarine cables connecting Nigeria to Europe
The cables, including the West Africa Cable System (WACS), MainOne, Glo1, ACE, and NCSCS, are vital for international communications and data transmission in the country.
The Federal Executive Council approved Phase One of the ambitious 700-km Lagos-Calabar coastal highway project in February, entrusting the task to Hitech Construction Company Limited.
The highway project was designed to connect Lagos to Cross River, passing through the coastal states of Ogun, Ondo, Delta, Edo Bayelsa, Rivers, and Akwa Ibom, before culminating in Cross River.
The demolition of numerous properties and recreational centres in Lagos has been carried out to expedite the construction of the highway.
In the light of the developments, telcos stressed the necessity of stakeholder consultations with the Ministry of Works to address potential risks and implement robust mitigation measures.
While dialogue with the Federal Government is yet to happen, telcos have warned Hitech Construction to exercise caution to prevent damage to critical national infrastructure.
Speaking to newsmen, the Chairman of the Association of Licensed Telecom Operators of Nigeria (ALTON), Gbenga Adebayo, confirmed that the Ministry of Works had yet to engage the telcos on environmental impact assessment.
The ALTON Chairman said the Ministry of Works, headed by David Umahi, had engaged some stakeholders but excluded the telecom operators.
“The Ministry of Works has not approached us, and I’m unsure if environmental impact assessments have been conducted. The route is crucial for the landing of numerous submarine cables, so caution is essential.
“Some members have reached out to them, urging caution. As the Chairman of the industry, I can affirm that ALTON members were not consulted regarding the assessment of the undersea cable within that right of way”, he explained.
Adebayo revealed that some of its members had written to the works ministry on the matter over the need for a dialogue. He, however, said the body had yet to get any response.
He added that the Nigerian Communications Commission (NCC) had been engaged to facilitate talks with the ministry.
“We’ve informed the Nigeria Communications Commission about this issue, and they are attempting to contact the Ministry of Works. However, I can confirm that neither we nor any of our members were contacted. This is on record. We were not included in the stakeholder consultations, and we’re concerned about the actions being taken”, he stated.

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Vets Make Case For Massive Investments In Agric Technology 

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Veterinary doctors have tasked governments at all levels and stakeholders to drive the agricultural sector with innovative and technological investments to upscale food production and boost food security.
President, Faculty of Veterinary Medicine, University of Nigeria, Nsukka, Alumni Association, Prof Lawrence Aka, made the call in an event in Abuja, following the current excruciating hunger and hardship Nigerians are grappling with.
In the event, which was focused on “Adopting Technological Innovations in Veterinary Practice, Livestock Production and General Agricultural Practices for Food Security, Economic Growth, Poverty Alleviation, Youth Employment and National Security”, Aka noted that agriculture, which is the backbone of human civilization, is at a crossroads, particularly in Nigeria.
According to him, agriculture is faced with challenges such as climate change, population growth, and diminishing natural resources, hence the need to  reimagine and reinvent better ways to cultivate lands to improve national economy to nourish the people.
“The solution lies in innovation – leveraging technology to transform agriculture into a more sustainable, efficient, and productive sector.The subject of our discussion today is one that sits at the nexus of our survival and prosperity: ‘The adoption of innovative technology in agricultural production as a catalyst for economic growth and a pillar of national security’.
“In an era marked by rapid technological advancement, and our unique agricultural potential, agriculture remains the cornerstone of our economic stability and sustenance. Yet, it faces unprecedented neglect and challenges from climate change, population growth, resource depletion and lack of political will for its development.
“To navigate these challenges, we must pivot towards innovation and technology. This transition is not just an opportunity for growth but a necessity for our survival as a developing nation.
“There is no doubt that the current state of agriculture in our country does not match the potential it has in revamping all aspects of our existence as it relates to our economy, food security, youth empowerment, poverty alleviation and national security.
“The theme of this symposium has been chosen in recognition of the need for a diversification of our national economic agenda through an embrace of innovative and technologically-driven agricultural practices.
“Nigeria is uniquely blessed with enormous factors that positively drive abundant food production for local consumption and export.
“Unfortunately, this has hitherto been neglected to the detriment of improved economy, poverty alleviation, food sufficiency and national security hence the existing unimaginable level of poverty and youth unemployment. There is no dishonor in a country being poor.

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Aviation Experts Chat Way For Sector’s Advancement

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Experts in aviation under the auspices of Aviation Safety Roundtable Initiative (ASRTI) havae urged President Bola Tinubu to suspend taxes, tariffs and endless charges hindering development of the aviation industry in the country.
The Aviation Roundtable (ART) also called on Tinubu to initiate policies that would address airlines’ survival and growth with a view to lowering the swift increase in domestic airfares.
In a statement released at the end of its Business Meeting in Lagos, the ART President, Air Comdr. Demola Onitiju (rtd), called on the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, to constitute governing boards for the Nigerian Civil Aviation Authority, (NCAA), and other agencies in the sector.
“The ART has been a consistent advocate of NCAA’s autonomy consistent with the Act establishing it and global best practices. We do this to ensure that it is adequately  insulated from short-term political pressure.
“In the  Nigerian circumstances, the NCAA is expected to be both benign and harsh in its  spontaneous enforcement of standards and rules to retain our trust.
“In order to create a conducive environment for aviation and tourism to thrive, the ART urges the renewed hope agenda of President Bola Tinubu to initiate deliberate policies to review and suspend taxes, tariffs and charges (within a given time frame) in order to bring succour to aviation and allied businesses in Nigeria.
“Such policies should address airlines survival and growth with a view to lowering the recent astronomical increase in air fare on the domestic scene.
“The Consumer Rights Protection directorate in the NCAA  should live up to its billing in ensuring maximum comfort and compensation for the traveling public promptly where infractions are established”, he stated.

Corlins Walter

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