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We Got 50% of 100bn Supplementary Budget – Minister

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By Laide Akinboade, Abuja

The Minister of the Federal Capital Territory (FCT), Nyesom Wike on Thursday, said his administration got N50 billion from the Ministry of Finance to finance ongoing capital projects.

The amount, according to the minister, is 50 per cent of FCT’s N100 billion 2023 supplementary budget approved by the National Assembly.

Wike made the announcement after an inspection tour of some ongoing projects in the FCT, in Abuja.

The minister said that he has directed the Permanent Secretary to immediately make payments to the contractors handling projects in FCT.

“I am happy to announce to you that the Ministry of Finance has released 50 per cent of the national supplementary budget.

“That in a way, has given us that hope that the contractors will be paid anytime from now.

“We have also gotten assent to the FCT Statutory Budget, which again, has given us hope that no project will be left uncompleted as promised.

“As you can see, these are quality projects, which we are very satisfied with.

“We believe that the arrangements made by the contractors will enable us to commission the projects to celebrate Mr President’s one year in office,” he said.

He commended the residents of Abuja for their support, while assuring them that there was no promise made that would not be fulfilled, stressing that a promise made would be fulfilled.

He expressed confidence that the projects would be delivered on schedule, saying “we are quite hopeful; we are quite convinced that they would keep to the time scheduled as agreed.

“We are happy with what we have seen, and we will continue to do things to the satisfaction of the residents of Abuja and assure them that the renewed hope agenda is not a mere talk.”

“So, it is a promise and a promise kept.”

Wike acknowledged some challenges at the course of delivering the projects, adding, however, that the challenges were surmountable.

He added that with the kind of support from President Bola Tinubu, there were no challenges that would not be surmountable.

One of the projects inspected is the Outer Southern Expressway, which stretches from A.A Rano, through Deeper Life Junction, SARS, Apo roundabout to Wasa District.

The road is being constructed by China Geo-Engineering Corporation (CGC) Nigeria Limited.

Wike also inspected the Northern N-20 Expressway in Jahi District being constructed by Gilmor Construction firm and the Vice President’s residence being constructed by Julius Berger.

The Area Manager, CGC Nigeria Ltd., Yong Hong, assured the minister that the Outer Southern Expressway would be delivered before May.

Similarly, the representative of Julius Berger, Mr Oliver Berger, said that the team were on site for the past two months and have done a lot of work on the VP residence project.

“We have done a lot of cleaning inside and outside.

“As you can see a lot of infrastructural work has happened; earth work around the fence line has been done, sewage and other trenches have been done.

“All the procurement processes have commenced already and from the preparation point of view we are in a good position to turn all our plans and procurement activities into action,” he said.

NEWS

Customs Intercept Contraband Worth N510.92m in Two Conths

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The Nigeria Customs Service (NCS), Federal Operations Unit Zone C, says it intercepted contrabands with a Duty Paid Value (DPV) of N510.92 million between July 15th and September 15th, 2024.The zone covers the six states in the South-South geopolitical zone and the five states in the Southeast geopolitical zone.

This is contained in a statement signed by Jerry Attah, Public Relations Officer, NCS, Zone C, and made available to journalists on Wednesday.
According to the statement, Comptroller Michael Ugbagu, NCS, Zone C, gave the statistics while showcasing the seized contraband to relevant regulatory agencies at the Government Warehouse in Edo.Ugbagu said that the zone also recovered the sum of N25.
57 million from demand notices raised based on some infractions noticed, making a cumulative sum of N536.49 million recorded within the months under review.“The DPV was derived from our seized goods, which include 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without an NAFDAC number.“1,015 sacks of dry donkey meat and skin, 75 jumbo bales of second-hand clothing, 463 cartons of foreign spaghetti, 269 pieces of used pneumatic tires, and 56 cartons of smuggled foreign tomato paste.“More worrisome is the interception of 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without NAFDAC registration numbers.”He noted that the cough syrup with codeine and tramadol without NAFDAC registration numbers, if not intercepted, could have had adverse effects on youths.He added that the items were mostly intercepted along the Ewu-Okada/Benin expressways based on credible intelligence. (NAN)

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APC Forum Decries Deplorable Condition of Federal Roads

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The Forum of Stakeholders of the All Progressive Congress (APC) has decried the deplorable condition of some federal roads in Nigeria. Alhaji Saleh Zazzaga, the North-Central Chairman of the forum, said this in an interaction with newsmen on Wednesday in Jos. Zazzaga described some of the federal roads as ”death traps”, particularly those within the north-central region.

He said that some of the deplorable roads in the region include Jos-Akwanga, Makurdi-Oturkpo-Otukpa, Makurdi-Ankpa, and Jos-Saminaka.
Other roads that needed urgent attention, he said, included Suleja-Minna, Ejule-Otukpa, Ganawuri-Manchok, Lokoja-Abuja, Lapai-Agaie-Bida, Birnin-Gwari-Bokani-Mokwa, Minna-Zungeru-Tegina-Kontagora.
”Currently, the north-central region has the most deplorable roads and highways in the country. ”These deplorable roads have brought severe hardship on the people and lost lives and property through preventable road traffic crashes. ”We call on President Bola Tinubu to intervene and ensure the rehabilitation of these roads because good roads are vital enablers of development,” he said. The chairman also called on governors of states within the region to reconstruct the dilapidated roads and seek refunds from the federal government. ”Though these are largely federal roads, they are located within states, and the beneficiaries are the people of these states. ”So we call on state governments to reconstruct these roads and seek refunds from the federal government,” he added. (NAN

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NEWS

Yuan Strengthens 7. 087 Against Dollar

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar on Wednesday.This is according to the China Foreign Exchange Trade System.In China’s spot foreigners exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
(Xinhua/NAN)

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