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Key Approvals by FEC at its Monday Meeting

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 The Federal Executive Council (FEC) meeting, chaired by President Bola Tinubu in Abuja, approved key decisions to boost Nigeria’s economy and improve citizens’ lives.

In the area of the economy, Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy, said the Council approved the Economic Stabilisation Bills.

He explained that the bills embodied the recommendations of the Presidential Committee on Tax and Fiscal Policy Reforms set up in 2023 by President Tinubu.

“The bills seek to amend the income tax laws, promote the export of goods and services, reform the exchange rate regime and unlock foreign exchange liquidity.

“One of the bills offers tax relief to companies that generate incremental employment.

Another offers personal income relief to people in private and public employment, from N200,000 to N400,000,” said Edun.

According to him, another of the bills seeks the collaboration of the Federal and State governments to suspend certain taxes on small businesses and vulnerable populations.

He said the Economic Stabilisation Bills, with the Council’s approval, would be transmitted to the National Assembly for passage.

The meeting reviewed the flooding in some parts of the country, especially the one that destroyed almost 50 per cent of Maiduguri, the Borno capital city.

The meeting also backed the President’s idea of setting up a Disaster Relief Fund to be funded by a portion of the revenue accruing to the Federation account. Funds will also be solicited from the private sector.

It was also resolved at the meeting to set up a technical committee to conduct integrity tests on Alau Dam and other dams nationwide.

The council approved a contract to build a 258 km 3-lane carriageway with continuous reinforced concrete pavement in Kebbi and Sokoto states.

The stretch is part of the 1000km superhighway from Illela, Sokoto State, to Badagry, Lagos State.

The council approved the revised estimated contract cost for constructing Bodo-Bonny Road with bridges across the Opobo Channel in Rivers State.

The contract was awarded in 2014 for N120 billion and revised in 2021 to N199, 923,638,963.87. The FEC approved another increase to N280 billion.

Similarly, the council approved the rescoping and downward review of the contract to rehabilitate the Abuja-Kaduna-Zaria-Kano dual carriageway at a lower cost of N740.79 billion to Julius Berger.

Messrs CCECC Nigeria Ltd. was awarded two road contracts, including bridges in Kogi and Cross River, at a total cost of N133.4 billion.

They are the construction of Cross River to Oferekpe Road and the rehabilitation of Kabba (Kogi State), Iyamoye-Omuo-Ikole-Ifaki-Ado Ekiti Road.

Messrs BDT International Ltd. was awarded the contract to repair the Gamboru Bridge along Gamboru-Ngala-Kala, Balde Road in Borno State. The cost is N3.2 billion, and completion will take 24 months.

Messrs CCECC Nigeria will repair the damaged loops and ramps of the Third Mainland Bridge superstructure and rehab Adeniji-Falomo Roads at N42 billion. Completion time is six months.

Mr Dave Umahi, Minister of Works, said the council approved a contract of N158 billion to construct service lanes for the Lekki Deep Sea Port through Epe to Shagamu-Benin Expressway.

He explained that Dangote Industries would be awarded the contract under the Federal Government Road Infrastructure Development Fund and Refurbishment Investment Tax Credit Scheme.

“The council approved the contract for the dualisation of Afikpo-Uturu-Okigwe Road in Ebonyi, Abia and Imo states.

“The road will be financed under the Federal Government Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.

“Also approved by the councils are contracts for the repair of 14 bridges and roads and flooded sections of the Federal Highways nationwide,” said the minister.

The council approved no fewer than seven memos brought by the FCT Ministry, among which was the contract for the building of Judges Quarters in Katampe.

Also approved was the contract to construct an access road from Ring Road 1 by N16 Shehu Shagari Way to Judges Quarters.

The council approved the contract for building an access road from Arterial Road N11 in Mabushi District to Judges Quarters within Cadstral Zone B07. (NAN)

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TCN, BEDC Trade Blame over Power Outage on 33kV Feeder in Edo

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The Transmission Company of Nigeria (TCN) has faulted the Benin Electricity Distribution Company (BEDC) for allegedly misleading the public over power outages in Edo district.

A statement by the TCN’s General Manager, Public Affairs, Ndidi Mbah, on Sunday in Benin said that TCN’s maintenance work had nothing to do with the blackout experienced by BEDC’s 33kV customers.

It would be recalled that on March 14, BEDC had claimed that TCN’s maintenance activities were the cause of power outages in Sapele, Abraka, Ugelli/Shell and industrial areas through its social media platform.

Mbah explained that TCN only requested a planned outage on March 11, at the Amukpe Transmission Station, which was completed the same day and power was restored.

Mbah emphasised that TCN’s maintenance had nothing to do with power delivery to BEDC customers.

” TCN wishes to address the publication by Benin Electricity Distribution Company (BEDC) on its social media platform, dated March 14, that TCN was responsible for the blackout, which was not true

“The announcement by BEDC’s inability to deliver power to its 33kV customers to TCN’s maintenance activities was not true.

“For clarification purposes, TCN only applied for a planned outage on March 11, at the Amukpe Transmission Station, which was completed on the same day, and bulk power supply was restored.

“Contrary to BEDC’s claims, TCN’s maintenance activities did not cause the power delivery issues experienced by BEDC’s customers, ” Mbah said.

The general manager stated that the only valid statement in BEDC’s publication was regarding the Ughelli/Shell 33kV feeder T1 60MVA, which tripped off due to a fault on March 14.

Mbah disclosed that TCN was currently working to restore bulk power supply to the affected feeder.

She emphasised that all other areas mentioned by BEDC in their release, experiencing power delivery issues, were due to a fault on BEDC’s 33kV feeders.

She urged BEDC to provide accurate information to its customers and avoid misrepresentations, stressing that facts should be made clear for the benefit of stakeholders.

Mbah reiterated that TCN remained committed to maintaining efficient and reliable electricity transmission across the country for all consumers. (NAN)

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LASG Diverts Traffic for Independence Bridge Repairs

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Governor of Lagos State, Mr. Babajide Sanwo-Olu
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The Lagos State Government has announced a diversion plan ahead of emergency repairs on Independence/Mekwen Bridge, inbound the Marina/CMS route.

Oluwaseun Oshiyemi, Commissioner for Transportation, confirmed the diversion in a statement made available to newsmen on Sunday in Lagos.

Oshiyemi stated that the diversion will begin on March 19 and last until May 26.

“During repairs, the road from the National Open University of Nigeria (NOUN) through Bonny Camp Bridge to Independence Bridge will be closed to vehicles.

“Likewise, the service lane at Bonny Camp Underpass Bridge inbound Independence Bridge will not be accessible to motorists.

“However, the service lane from Ahmadu Bello Way to Ozumba Mbadiwe Avenue will remain open to traffic,” he said.

Oshiyemi listed alternative routes for motorists to ease traffic flow during the repair period.

Motorists going to Victoria Island from Ahmadu Bello Way should use Ozumba Mbadiwe Avenue, Akin Adesola Street, Falomo Roundabout, then Obafemi Awolowo Road to Ring Road.

Those heading to 3rd Mainland Bridge should take Ozumba Mbadiwe Avenue, Akin Adesola Street, Alfred Rewane Road, Osborne Road, then link Ring Road.

Motorists going to Inner Marina and CMS from Ahmadu Bello Way should follow Ozumba Mbadiwe Avenue, Akin Adesola Street, Falomo Roundabout, and Obafemi Awolowo Road to J.K. Randle Road.

Drivers heading to Ahmadu Bello Way from Inner Marina or CMS will go through traffic access available.

Oshiyemi assured residents that Lagos State Traffic Management Authority (LASTMA) will manage traffic throughout the diversion period.

The commissioner urged all motorists to remain patient during the partial road closure.

He added the repairs form part of the traffic management plan by the Federal Ministry of Works for road rehabilitation in Lagos. (NAN)

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Adeleke’s $20m Fraud Allegation Against Oyetola mere Shadow Chasing – Ogundokun

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A frontline politician, Chief Abiola Ogundokun, has described Gov.

Ademola Adeleke of Osun’s $20 million fraud allegation against his immediate predecessor, Adegboyega Oyetola, as mere shadow chasing.

Ogundokun stated this in a statement issued on Sunday in Abuja, while reacting to a petition by Adeleke to Economic and Financial Crimes Commission (EFCC) against Oyetola.

Adeleke had, in the petition, alleged that Oyetola, the Minister of Marine and Blue Economy, misappropriated a $20 million World Bank health grant while he was governor of the state.

Ogundokun said in the state that there was nothing serious in the petition other than a drama aimed at generating negative energy toward the 2026 governorship election in the state.

He described Oyetola as a man of sterling performance in the private sector as well as due diligence and strict adherence to rules in the public service as governor.

The All Progressives Congress (APC) chieftain also described the former governor as the pride of Osun and Nigeria who should not be pulled down or given uncharitable names but encouraged to do more for the state.

According to him, there is the need to stop a destructive campaign of “I will destroy you if I can’t get it.

“Oyetola is honest to a fault,” he remarked, calling on the people of the state to join him in moving Osun forward.

Ogundokun advised Adeleke to prioritise good governance rather than engaging in frivolous activities.

“What Osun requires and deserves is focused leadership and serious engagements.

“I will advise Ademola Adeleke to stop playing politics with the exalted office of the governor by turning it to a petition writing apparatus.

“He should use the enormous power of the office to improve the lots of the people instead of deploying the state resources to bully and witch-hunt a perceived enemy or enemies.

“Writing a petition against a man like Oyetola, to me, is like chasing a shadow.

“The task before Adeleke is huge, and meeting the expectations of the people should be his priority and not fighting an imaginary political foe,” he said.

The elder statesman urged the governor not to deviate from the vision of the state’s forefathers.

Rather, he said that Adeleke should learn to build on the good foundation of his predecessor instead of finding ways to shoot down his good legacies. (NAN)

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