Connect with us

Metro

Why FCTA is borrowing N200bn – Minister 

Published

on

Federal Capital Territory, FCT Minister Muhammed Bala
Share

By Laide Akinboade, Abuja

The Minister of Federal Capital Territory, FCT, Malam Muhammad Bello, on Tuesday said his administration was borrowing  N200 billion to finance the provision of road infrastructure and water projects across the Territory. 
FCT Minister,  made this disclosure  during inauguration of a Technical Committee on the  Proposed FCT Issuance of SUKUK of N200 billion for the FCT 2022 Statutory Budget, in his office on Tuesday.

 
According to Bello, the loan facility was needed to enable the FCTA achieve its desired objective of rehabilitating and expanding some existing roads in the city and open up more roads to arrest traffic gridlocked on major roads in the city.

Attributing the congestion and traffic situation of the city centre to “unprecedented influx of people to the FCT” since return to democracy in 1999, Bello opined that an alternative funding outside statutory funding to finance completion of projects in the FCT was inevitable. 
He noted that the population upsurge in the FCT has overstretched Abuja’s infrastructure and social amenities, while resources for development became more and more scarce and unavailable, this threatening the dreams of the capital’s founding fathers. 

Expreasing gratitude to the Debt Management Office (DMO) and National Assembly for their continued support, Bello stated that the proposed N150 billion loan would complement the N29 billion loan earlier received from the Federal Ministry of Finance through SUKUK funding.

Some of the terms of targets given to the seven-man technical committee include to develop a framework for accessing SUKUK fund by the FCTA in the domestic capital  Arreton for financing of infrastructure projects in the FCT; review and advise on the procedure and options for obtaining sovereign guarantee for the issuance of SUKUK by the FCTA and prepare the budget estimates for the issuance of sukuk by the FCT and present same for approval. 

Others include, to advise on the appointment of transaction parties and methodologies and advise on the eligibility and packaging of projects identified for funding with the proceeds of SUKUK, among others. 

Earlier, Director-General, DMO, Ms Patience Oniha, while assuring the FCTA support in obtaining the loan facility, warned that it should be judiciously used for the purposes it was sought. 

She stated that one could hardly drive around Nigeria without noticing the good works of Sukuk, adding that Sukuk has attracted a lot of good will and buy-in from Nigerians because they were witnessing work done with monies borrowed. 

Senator, representing FCT and Senate Minority Whip, Senator Philip Aduda; Chairman, Senate Committee on FCT, Senator Abubakar Kyari, and Chairman, House Committee on FCT, Abdullahi Idris Garba, who was represented by Hon. Igariwe Iduma, all pledged the support of the lawmakers to the FCT Administration and promised to continue to work together to archives its goals.

Metro

FCT Civil Service Commission Begins Regularisation of FCTA Staff Appointments

Published

on

Share

The Federal Capital Territory Civil Service Commission has begun the regularisation of staff appointments in the FCT Administration and the Federal Capital Development Authority (FCDA).

The Head of the Civilo Service, Dr Udo Atang, said at the commencement of the exercise in Abuja on Wednesday, that the move was to ensure accurate data of all staff.

Atang described the regularisation as a “critical” exercise, which forms the bedrock of the new FCT Civil Service Commission (CSC).

He pointed out that all the staff were holding letters of appointments from various agencies, departments, area councils, and the defunct Ministry of FCT and FCDA among others.

The holders of these letters, he said, have been raising issues of discrimination based on letters of appointment.

According to him, the exercise and the gazette by the commission that will come thereafter, will give all staff a sense of identity.

“The essence of this regularisation is to ensure that staff are properly documented.

“You will now have letters that will now qualify you as a bonafide staff of the FCT Civil Service Commission.”

The head of service, who appealed for full cooperation of the workers, directed that a list of all staff on course, study leave, leave of absence and other related permissions be compiled and submitted.

He added that the list should be compiled with grade level, designation and record of service, including approvals.

Atang commended the FCT Minister, Mr Nyesom Wike, for his doggedness and commitment in implementing the provisions of the FCT CSC Act, 2018.

Noting Wike’s support and love for the FCT workers, the head of service urged the workers to reciprocate the minister’s uncommon gesture, by being dedicated and committed to their respective duties.

Also speaking, the Chairman, FCT CSC, Mr Emeka Ezeh, stressed that part of the responsibilities of the commission was in the appointment, promotion and discipline of all FCTA and FCDA workers.

Ezeh also stressed the need for the workers to be more committed in the discharge of their responsibilities. (NAN)

Continue Reading

Metro

Jos School Collapse: CWON Holds Trauma Healing Session for Parents, Survivors

Published

on

Share

From Jude Dangwam, Jos

The Catholic Women Organization of Nigeria (CWON) has organized a trauma healing session for survivors of the Jos Saint Academy School collapse alongside parents who lost their children in the unfortunate incident.The National President of the organization, Dame Mary Gonzum noted that the effort was part of their psychosocial support and counseling services for victims of the school building collapse as a follow-up to the assessment of the condition of the victims during their visit.

Gonzum speaking during a one day trauma session held at the Secretariat of the Justice Development and Peace/Caritas Commission (JDPC) of the Catholic Archdiocese located along Zaria Road in Jos the Plateau State capital said the trauma healing session was in continuation of their intervention to students who experienced the building collapsed.
”Today, a trauma healing session was flagged off with a seminar on how to go about handling the trauma that victims of the Saint Academy School Busa Buji in Jos are passing through.”We will later select those that are so traumatic and need help to continue with the process of healing because it is not something that will end in a day or two but will need sometime.”The surviving students who experienced the building collapsed, parents of the students are all here because some parents are so traumatic, we have one other woman that lost two children”This trauma became necessary because when we went visiting in the hospitals, we observed that some of them are really traumatic. Like the other boy, his mother said up till today he kept telling his mother that he is seeing dead bodies, and anybody he sees he will say is his classmate.”Some of the affected parents while sharing their encounters after the incident said they hardly sleep in the day or night time. Some manage to sleep for two hours and they’re awake, and from the little lectures we received today it is clear that there is a problem,” She noted.The President calls on the government to ensure that those saddled with the responsibility of approving, inspecting and supervising structures are meant to do their job with all diligence to avert future happenings again.Some of the affected parents including; Hasana Suleman Sale who lost two of her children recalled with pains the unfortunate development that claimed the lives of her two children. She expressed gratitude for the trauma healing session which she said came as a means of consolation and strength for her to overcome the trauma she is passing through.

Continue Reading

Metro

Catholic Church Welcomes New Apostolic Nuncio

Published

on

Share

The Catholic Church in Nigeria  has welcomed the newly-appointed Apostolic to Nigeria, Archbishop Michael Francis Crotty.

Crotty, an Irish, was appointed by the Vatican.

He will oversee the propagation of the gospel of Jesus Christ through the church in Nigeria.

The position, an ambassadorial status, advances cohesion in the body of Christ.

In his welcome message for Crotty on Tuesday,  the President of Catholic Bishops Conference of Nigeria (CBCN), Archbishop Lucius Ugorji, said that the Church was glad to receive him.

The CBCN president,   who is also  the Archbishop of Owerri Catholic Archdiocese, said,” With joy and gratitude to God, I extend a hearty welcome to Archbishop Michael Francis Crotty on behalf of the Catholic Bishops Conference of Nigeria, clergy, religious and lay faithful in Nigeria.

“We are thankful to His Holiness, Pope Francis, for appointing Archbishop Michael Francis Crotty as the Apostolic Nuncio to Nigeria to build on the good works of his predecessor, Archbishop Antonio Filipazzi.

“His appointment is a testament to the strong spiritual bond between our countries,” he said.

He said that although Crotty was the first Apostolic Nuncio from Ireland to serve in Nigeria, many Irish missionaries had played significant roles in spreading the gospel in Nigeria.

“We appreciate Archbishop Crotty’s acceptance of serving in Nigeria and assure him of our full support and cooperation.

“We pray for a fruitful mission and a blessed tenure for our excellency,”  he added. (NAN)

Continue Reading

Read Our ePaper

Top Stories

NEWS10 hours ago

NDA Commandant Decorates Ombugadu, Others as Fellows of Solar Energy Society of Nigeria

ShareFrom Abel Zwànke, Lafia The 2023 gubernatorial candidate of the People’s Democratic Party (PDP) in Nasarawa State, His Excellency Rt....

NEWS23 hours ago

Yuletide: Bode George Urges Tinubu to Reduce Petrol Price

ShareChief Bode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP), has urged President Bola Tinubu to...

NEWS23 hours ago

Tinubu Set for Groundbreaking of Renewed Hope City in Lagos 

Share President Bola Tinubu, is set to perform the  groundbreaking of 2,000 housing units of the Renewed Hope City in...

NEWS23 hours ago

Gov. Alia Presents N550.1bn as 2025 Budget Estimate to Benue Assembly 

ShareGov. Hyacinth Alia on Wednesday presented the sum of N550.1bn as the 2025 appropriation bill to the Benue State House...

NEWS23 hours ago

Tax Bills: NASS will not Betray the Trust of Nigerians, says Akpabio

Share The President of the Senate, Sen. Godswill Akpabio, says the National Assembly will prioritise the interest of all Nigerians...

NEWS23 hours ago

Alia Has Demonstrated Capacity, Courage to Entrench Good Governance—Speaker 

Share The Speaker, Benue Assembly, Mr Hyacinth Dajo, has said that Gov. Hyacinth Alia has so far demonstrated capacity, courage,...

Economy23 hours ago

Investors Gain N183bn on NGX

Share The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion. Accordingly, the market capitalisation, which...

NEWS23 hours ago

Energy, Solid Minerals Top Priority, Tinubu Tells German Businessmen

Share President Bola Tinubu, on Wednesday, assured the German government and businessmen of Nigeria’s preparedness to expand frontiers for investors...

NEWS23 hours ago

Nigerian Who Wrote WASSCE 17 Times Bags Distinction from London School 

Share Dr Emmanuel Ahmadu, a Nigerian who wrote the West Africa School Senior Certificate Education 17 times, has earned a...

POLITICS23 hours ago

INEC Staff Welfare Association Warns Members Against Manipulating Election Results

Share The Abia Chapter of the INEC Staff Welfare Association (ISWA) has warned its members to uphold the integrity of...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc