FEC Approves N3.9bn for Completion of 5 Secretariat Projects

InfrastructureNewsNigeriaFEC Approves N3.9bn for Completion of 5 Secretariat Projects

PilotnewsAugust 20, 2020

The Federal Executive Council (FEC) on Wednesday approved a variation of N3.9billion for the completion of federal secretariat projects in Anambra, Bayelsa, Nasarawa, Zamfara and Osun states. The News Agency of Nigeria (NAN) reports that the Council also approved N1.5billion for the rehabilitation of the second phase of the Usuma Dam at Bwari, Federal Capital Territory (FCT). The Ministers of Works and Housing, Babatunde Fashola and FCT, Muhammed Bello confirmed these developments at a briefing...

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House Committee Invites Ministry of Justice to Shed Light on China/Nigeria Loan Agreement

BusinessForeign PolicyInfrastructureNewsHouse Committee Invites Ministry of Justice to Shed Light on China/Nigeria Loan Agreement

Bada Yusuf Amoo (Correspondent)August 19, 2020

The House of Representative Committee on Treaties, Protocols and Agreements has invited the Nigeria Ministry of Justice to explain more to the Nigeria public the sovereignty clause in the Nigeria/China loan agreement. This was disclosed on Tuesday by the Chairman of the Committee, Nicholas Ossai, at the sitting of the panel, which was investigating the external loans and commercial agreements signed by Nigeria. The Punch in its investigation revealed that there were indications that the...

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Reps Reveal the Danger of Nigeria/China Loans, Says Sovereignty Clause is Dangerous

InfrastructureMoneyNewsNigeriaReps Reveal the Danger of Nigeria/China Loans, Says Sovereignty Clause is Dangerous

Bada Yusuf Amoo (Correspondent)August 18, 2020

The House of Representatives on Monday faulted the sovereignty clause in Nigeria/China loan agreement, saying the sovereignty clause is dangerous. This was stated in Abuja by the Chairman of the House Committee on Treaties, Protocols and Agreements, Nichola Ossai, during the investigative hearing on external loans and commercial agreements. Ossai added that Nigeria’s loan agreement with the Asian country was only being governed by Chinese laws. He added that the Federal Government of Nigeria in...

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Over 20,000 Nigerians Employed for Lagos-Ibadan Rail Project- Amaechi

InfrastructureNewsNigeriaOver 20,000 Nigerians Employed for Lagos-Ibadan Rail Project- Amaechi

PilotnewsAugust 18, 2020

Minister of Transportation, Rotimi Amaechi said over 20,000 workers were engaged for the ongoing construction of the Lagos-Ibadan rail project. Amaechi said in a statement on Monday that the engagement was in compliance with the local content law inherent in the 1.6 billion dollar contract agreement between Nigeria and China. He made the clarification at a public hearing in Abuja, while responding to concerns by the House of Representatives Committee on Treaties, Protocols and Agreements...

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Public Officials Desperately Obtain Loans Without Proper Scrutiny of Agreements — Reps

InfrastructureMoneyNewsPublic Officials Desperately Obtain Loans Without Proper Scrutiny of Agreements — Reps

Beloved John (Staff Writer)August 17, 2020

The House of Reps says the Nigerian government officials signed empty repayment loan documents for the development of the Nigerian Rail sector even before the terms of the loans were negotiated. On Monday, during the investigative hearing on the review of bilateral loan agreements and commercial contract agreements by ministries, Hon. Ossai Nicholas Ossai, the chairman, House Committee on Treaties, Protocols, and Agreements, stated that the Ministry of Transportation signed a commercial contract worth $33...

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Our Borrowings Are Justified – FG Says

InfrastructureMoneyNewsPoliticsOur Borrowings Are Justified – FG Says

PilotnewsAugust 16, 2020

The Federal Government says the funds it has borrowed so far are justifiable because they are being used for the development of critical infrastructure that will benefit Nigerians The Minister of Information and Culture, Alhaji Lai Mohammed stated this at the Obafemi Awolowo terminal end of the Lagos-Ibadan standard gauge rail project. The News Agency of Nigeria (NAN) reports that Mohammed and Minister of Transportation Rotimi Amaechi embarked on inspection tour of the 156km modern rail...

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Adamawa Requires 9000 Learning Space To Bridge Gap – ADSUBEB Boss

EducationInfrastructureNewsAdamawa Requires 9000 Learning Space To Bridge Gap – ADSUBEB Boss

Ibrahim Abdul' Aziz (Correspondent)August 15, 2020

Adamawa State Universal Basic Education Board ( ADSUBEB) says the state needed about 9000 classrooms learning space and more qualified teachers to bridge the gap in education orchestrated by insecurity and the neglect of the previous government. Speaking to newsmen, the new chairman of ADSUBEB, Dr. Salihi Ateequ said on resumption of office eight weeks ago, he went out on an assessment tour to fathom himself with the activities of the board. He said he...

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Probing China’s Loan is Making China Apprehensive, Thinking We Don’t Want to Pay – FG

InfrastructureMoneyNewsProbing China’s Loan is Making China Apprehensive, Thinking We Don’t Want to Pay – FG

Bada Yusuf Amoo (Correspondent)August 5, 2020

The Federal Government of Nigeria, on Tuesday, discloses that the Chinese government is becoming apprehensive about releasing loans to Nigeria following the National Assembly probe of the term of the agreement. The executive arm of the Nigerian government insisted that no nation could recolonize Nigeria as a result of Nigeria’s unpaid debt while cautioning the legislature not to hamper its ability to access international funds. This is explained by the Minister of Transportation, Mr. Chibuike...

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Two Persons Die In Adamawa Community As Bridge Collapse

InfrastructureLocal GovernmentNewsTwo Persons Die In Adamawa Community As Bridge Collapse

Ibrahim Abdul' Aziz (Correspondent)August 3, 2020

No fewer than two persons have reportedly died after the collapse of a bridge in Adamawa State due to flooding caused by heavy rainfall. Local residents say that the collapse of the Wuro Gayandi Bridge connecting Michika and Madagali Local Government Areas of the state has led to difficulty in movement for residents. Moses Timothy, one of residents, told reporters in a telephone chat that, “It was torrential rainfall that caused the flood to destroy...

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NDDC Probe: Akpabio Links Contracts to Ibori, Uduaghan, Kalu and Others

InfrastructureNewsNigeriaNDDC Probe: Akpabio Links Contracts to Ibori, Uduaghan, Kalu and Others

Bada Yusuf Amoo (Correspondent)August 3, 2020

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has linked two former governors of Delta State, Messrs James Ibori and Emmanuel Uduaghan, to the various contracts awarded by the Niger Delta Development Commissions. In the list submitted to the Speaker of the House of Representatives, Mr. Femi Gbajabiamila, on July 23 by Akpabio, the names of the Chief Whip of the Senate, Senator Orji Uzor Kalu and Senator Ifeanyi Ararume, among others are included....

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