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NNPC Presents N621bn Cheque to Nigerian Government for Critical Road Rehabilitation Projects

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The Nigerian National Petroleum Company Limited on Tuesday presented a symbolic cheque of N621bb to the ministry of works and housing for the construction of 21 selected roads across the country.

Recall, the Corporation in October had expressed interest to invest in the reconstruction of selected federal roads to sustain a smooth supply and distribution of petroleum products across the country.

The road construction project which is being executed under the tax credit scheme is funded through the Federal Inland Revenue Service following Mr President Muhammadu Buhari’s executive order 7.

Under the programme, the NNPC will construct a total of 1,804.6 kilometres of roads at a total cost of N621, 237,143,897.35.

A breakdown of the project funding showed that the North-Central geo-political zone got the highest chunk of N244.87bn for the construction of 791.1 kilometres of roads.

The North-Central is made up of Benue, Federal Capital Territory, Kogi, Kwara, Nasarawa, Niger, and Plateau State.

The South-South geo-political zone emerged as the second-highest beneficiary of the NNPC Road Infrastructure Development and Refurbishment project with the sum of N172.02bn for a total of 81.9 kilometres of road.

The zone is made up of Akwa-Ibom, Bayelsa, Cross-River, Delta, Edo, and Rivers state.

The South-West followed with a total allocation of N81.87bn for the construction of 252.7 kilometres of roads.

The region is made up of Ekiti, Lagos, Osun, Ondo, Ogun, and Oyo State.

Similarly, the NNPC allocated the sum of N56.12bn to the North-East for the construction of 273.35 kilometres of roads under the scheme.

The states expected to be covered under these zones are Adamawa, Bauchi, Borno, Gombe, Taraba, and Yobe.

For the South-East geo-political zone, the sum of N43.28bn was earmarked for the construction/rehabilitation of 122 kilometres of road.

The zone is made up of five states and they are Abia, Anambra, Ebonyi, Enugu, and Imo.

Further breakdown of the NNPC schedule showed that the North-West geo-political zone which is made up of Kaduna, Katsina, Kano, Kebbi, Sokoto, Jigawa, and Zamfara got the least allocation.

The zone was allocated the sum of N23.05bn for the rehabilitation of 283.5 kilometres of road.

Speaking at the presentation of the symbolic cheque, the Chief Financial Officer of the NNPC, Umar Ajiya, explained that the condition of the road networks in the country is affecting businesses, especially transportation of petroleum products across the country.

According to him, the tax credit scheme presents a good platform to support the rehabilitation of major infrastructural projects.

He said, “The condition of our roads currently affect our business and the energy security of Nigeria.

“Most of our pipelines have been vandalised through the years and sometimes, we find it difficult for our tanker drivers to convey products across the country.

“So we consider the tax credit scheme a very important way to fund these projects, we are working on 21 roads and we are ready to fund the N621bn.

Mohammed Nami, the Chairman of the Federal Inland Revenue Service said that the investment is a result of Executive order 007 of 2019, which use companies tax to fix critical infrastructure.

This tax credit, according to him is issued after confirmation is done that monies that ordinarily should be invested are invested.

He said, “The importance of this scheme cannot be overemphasized because the budgetary allocation for the roads are not only minimal but also insufficient.

“Under the tax credit scheme, companies are allowed to invest in road construction, infrastructural projects in exchange of tax credit certificate we are issuing to them.

“The construction of these roads will ensure that goods are moved from a part of the country to another, as we bridge the infrastructural gap in the country.”

In his remark, the Minister of Works and Housing, Babatunde Fashola commended the effort of the NNPC while urging companies to take advantage of the tax credit scheme to bridge the infrastructural gaps in the country.

“We are now seeing companies that are showing interest in the scheme, and we hope this will help in developing our infrastructure.

“With this presentation today, contractors will have the confidence to work, knowing that they will be paid,” he added.

The Minister speaking further, clarified that the NNPC was not taking over road projects but ‘putting forth its tax to be used for road construction.

 

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Africa

Customs hands over illicit drugs worth N117.59m to NDLEA

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Customs hands over illicit drugs worth N117.59m to NDLEA

The Nigeria Customs Service (NCS), Ogun Area 1 Command, has handed over illicit drugs worth N117.59 million to the National Drug Law Enforcement Agency (NDLEA).

The Comptroller of the command, Mr James Ojo, disclosed this during the handing over of the drugs to Mr Olusegun Adeyeye, the Commander of NDLEA, Idiroko Special Area Command, in Abeokuta, Ogun, on Friday.

Ojo said the customs handed over the seized cannabis and tramadol tablets to the Idiroko Special Command for further investigation in line with the standard operating procedures and inter-agency collaboration.

He said the illicit drugs were seized  in various strategic locations between January and November 21, 2024, in Ogun State.

He added that the illicit drugs were abandoned at various locations, including the Abeokuta axis, the Agbawo/Igankoto area of Yewa North Local Government Area, and Imeko Afton axis.

Ojo said that the seizure of the cannabis sativa and tramaling tablets, another brand of tramadol, was made possible through credible intelligence and strategic operations of the customs personnel.

“The successful interception of these dangerous substances would not have been possible without the robust collaboration and support from our intelligence units, local informants and sister agencies.

“These landmark operations are testament to the unwavering dedication of the NCS to safeguard the health and well-being of our citizens and uphold the rule of law,” he said.

He said the seizures comprised 403 sacks and 6,504 parcels, weighing 7,217.7 kg and 362 packs of tramaling tablets of 225mg each, with a total Duty Paid Value of N117,587,405,00.

He described the height of illicit drugs smuggling in the recent time as worrisome.

This, he said, underscores the severity of drug trafficking within the borders.

“Between Oct. 13 and Nov. 12 alone, operatives intercepted a total of 1,373 parcels of cannabis sativa, weighing 1,337kg and 362 packs of tramaling tablets of 225mg each,” he said.

Ojo said the seizures had  disrupted the supply chain of illicit drugs, thereby mitigating the risks those substances posed to the youth, families and communities.

He lauded the synergy between its command, security agencies and other stakeholders that led to the remarkable achievements.

Ojo also commended the Comptroller General of NCS for creating an enabling environment for the command to achieve the success.

Responding, Adeyeye, applauded the customs for achieving the feat.

Adeyeye pledged to continue to collaborate with the customs to fight against illicit trade and drug trafficking in the state.

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Africa

Ann-Kio Briggs Faults Tinubu for Scrapping Niger Delta Ministry

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Prominent Niger Delta human rights activist and environmentalist, Ann-Kio Briggs, has criticised President Bola Tinubu’s decision to scrap the Ministry of Niger Delta, describing it as ill-advised and detrimental to the oil-rich region.

Briggs expressed her concerns during an appearance on Inside Sources with Laolu Akande, a socio-political programme aired on Channels Television.

“The Ministry of Niger Delta was created by the late (President Umaru) Yar’Adua. There was a reason for the creation. So, just removing it because the president was advised. I want to believe that he was advised because if he did it by himself, that would be terribly wrong,” she stated.

President Tinubu, in October, dissolved the Ministry of Niger Delta and replaced it with the Ministry of Regional Development, which is tasked with overseeing all regional development commissions, including the Niger Delta Development Commission (NDDC), North-West Development Commission, and North-East Development Commission.

Briggs questioned the rationale behind the restructuring, expressing concerns about its feasibility and implications. “But that’s not going to be the solution because who is going to fund the commissions? Is it the regions because it is called the Regional Development Ministry? Is it the states in the regions? What are the regions because we don’t work with regions right now; we are working with geopolitical zones,” she remarked.

She added, “Are we going back to regionalism? If we are, we have to discuss it. The president can’t decide on his own to restructure Nigeria. If we are restructuring Nigeria, the president alone can’t restructure Nigeria, he has to take my opinion and your opinion into consideration.”

Briggs also decried the longstanding neglect of the Niger Delta despite its significant contributions to Nigeria’s economy since 1958. “The Niger Delta has been developing Nigeria since 1958. We want to use our resources to develop our region; let regions use their resources to develop themselves,” she asserted.

Reflecting on the various bodies established to address the region’s development, Briggs lamented their failure to deliver meaningful progress. She highlighted the Niger Delta Basin Authority, the Oil Mineral Producing Areas Development Commission (OMPADEC), and the NDDC as examples of ineffective interventions.

“NDDC was created by Olusegun Obasanjo…There was OMPADEC before NDDC. OMPADEC was an agency. Before OMPADEC, there was the Basin Authority…These authorities were created to help us. Were we helped by those authorities? No, we were not,” she said.

Briggs further described the NDDC as an “ATM for failed politicians, disgruntled politicians, and politicians that have had their electoral wins taken away from them and given to somebody else.”

Her remarks underscore the deep-seated frustrations in the Niger Delta, where residents continue to advocate for greater control over their resources and improved governance.

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Developmental

Tinubu to inaugurate FCT projects May 27 – June 6 – Wike

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President Bola Tinubu has approved May 27 to June 6 as Federal Capital Territory Week for the inauguration of various projects executed under his administration.

The Minister of FCT, Mr Nyesom Wike, stated this while inspecting some of the projects in preparation for the inauguration to celebrate Tinubu’s one year in office.

“By the approval of Mr President, we believe that from May 27, we shall begin the inauguration of various projects and will end on June 6.

“Particularly on May 27, President Tinubu will inaugurate commercial operations of the Abuja Light Rail also known as Abuja Metro Line, and we will carry out the final inspection of the project on May 20.

“From what we have seen, I think we are good to go,” he said.

Wike also expressed confidence that the Vice-President’s residence, located along Aso Drive, would be completed and may be inaugurated on June 6.

He explained that the 9-day inauguration activities would demonstrate to the world the Tinubu-led administration’s determination to renew the hope of Nigerians.

He added: “We have a lot of projects being executed that will be inaugurated. So many projects that I cannot begin to list them.

“We are happy; the contractors are meeting up, and all the promises made they have fulfilled.

“We have also fulfilled our own part, by making sure that we make the needed cash available and none of the contractors is complaining in terms of cash.”

The minister added that other projects like the construction of bus terminals and the FCT Court of Appeal Division and other projects would be inaugurated within the period.

On the non-functionality of some of the streetlights in parts of the city, Wike explained that some of the streetlights were being worked on, while others were being tested.

He assured the residents that the streetlights would come on once the contractors finished working on them.

“As I speak to you, most of the streetlights are being worked on and with the project we are executing, you don’t expect the light to be on.

“The contractors are test-running them, so most of the ones that are not working are those that are being worked on.

“We believe that before the inauguration you will see that most of the streetlights will be on,” the minister said.

When asked whether he was being distracted by the development in Rivers, Wike simply said: “I am not distracted.  If I am distracted you won’t see this performance.

“I focus on my work. So, I am not interested. I am the Minister of FCT, and work is going on, why will I be distracted? I don’t even think about it at all.”

(NAN)

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