Metro
Why FCTA is borrowing N200bn – Minister
![Federal Capital Territory, FCT Minister Muhammed Bala](https://dailyasset.ng/wp-content/uploads/2019/09/FCT-Minister-Muhammed-Bala.jpg)
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
Catholic Church Welcomes New Apostolic Nuncio
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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)
Metro
Boundary Commission to Provide Infrastructure Along Disputed Boundary Areas
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The National Boundary Commission (NBC), says it has concluded plans to provide infrastructure in flash locations along interstate boundaries to encourage integration and cooperation.
The Director-General of the commission, Mr Adamu Adaji, stated this in an interview in Abuja on Wednesday.
Adaji said that the commission would look at flash point areas and provide infrastructures that would encourage cooperation and integration among border communities.
He said that the goal was to see how the commission could bring people in border communities together to share from a common facility.
This, according to him, will douse tension and bring some kind of understanding among border communities.
“The bounder communities will share the facilities, which in the long run will bring the people together and eventually reduce tension and boundary conflicts.
“This is a way of encouraging integration and cooperation by encouraging people to come together, relate with one another and engage in beneficial commercial activities.”
Adaji said that a similar initiative was test runed with a borehole, constructed boundary corridor in Ado Local Government Area of Benue state, where it shared boundary with Ebonyi.
“We have also been able to construct some market stalls in the Ebonyi sector of the boundary between Ebonyi and Cross River,” he added.
“So, our appeal is for people to appreciate, cooperate and understand that boundaries are not barriers.
“The boundary line will not stop somebody from owning properties across and that is what we want to partner with the states to educate people along by the boundary corridors. (NAN)
Metro
Recertification: NCAA Suspends 10 Private Jet Operations
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The Nigeria Civil Aviation Authority (NCAA) has suspended ten private jet operations over failure to begin recertification process.
This is contained in a statement signed by Mr Michael Achimugu, Director, Public Affairs and Consumer Protection on Friday in Abuja.
The agency said the Nigeria Civil Aviation Regulations 2023 Part 18.
3. 4 forbids holders of Permit for Non Commercial Flights (PNCF) from using their aircraft for carriage of passengers, gargo or mail for hire or rewards (commercial operation or charter services)“As a result of flagrant disregard of this rule, the NCAA had earlier directed all holders of PNCF to undergo re-evaluation which should have been concluded by the April 19, 2024.
“To this end, the NCAA has suspended the PNCF
of Azikel Dredging Nigeria Ltd, Bli-Aviation Safety Services, Ferry Aviation Developments Ltd and Matrix Energy Ltd.
” Also Marrietta Management Services Ltd, Worldwide Skypaths Services, Mattini Airline Services Ltd, Aero Lead Ltd, Sky Bird Air Ltd and Ezuma Jets Ltd.
“The public is hereby notified that it is illegal to engage PNCF holders for commercial purposes. The NCAA will not hesitate to initiate enforcement actions against any PNCF holder found guilty of illegal operations,” the agency said.
The agency said that its officials had been deployed to General Aviation Terminals (GAT) and private wings of the airports to monitor activities of the PNCF holders. (NAN)