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Why We Are Yet to Complete Lagos-Ibadan Expressway – Fashola
The Minister of Works and Housing, Babatunde Fashola, on Thursday, revealed that the problem of insufficient funds and the increasing price of construction materials were the only issues delaying the completion of the Lagos-Ibadan Expressway.
This was as he blamed the previous administration for neglecting critical infrastructure.
Fashola made the revelation when he appeared on Television Continental programme, Your View, where he said crash barriers returned to the site because of the volume of vehicles plying the road, as he pleaded for patience and cooperation with the contractors.
He added that the last mile of the project would be completed in the first quarter of 2023.
He said, “Let me first appreciate commuters who use that road, a major transport artery in Nigeria for their understanding. This road could have been built between 1999 and 2015 but it wasn’t. This road is in better shape than we inherited and it is now at the last mile of completion.
“The major source of delay first is funding.
“You remember at a point this road was removed from the budget completely and I was engaging the National Assembly until the president unveiled the presidential infrastructure development fund which was essentially from investments from the Nigerian LNG and funds recovered from outside Nigeria.
“So, when people talk about corruption and anti-corruption, a president who goes to recover funds stolen and put it in investment for his people is the real anti-corruption as far as I am concerned.
“On the crash barriers, they are there because we are building through a major transport artery. Our last traffic count indicates that at least N40,000 vehicles use that road from the Lagos end to the Sagamu end.
“After Sagamu it drops to 22 thousand so that has to be managed to ensure the safety of the construction workers.
“We closed site work in December because traditionally construction companies shut down mid-December and resume mid-January.
“We are still expecting to finish the project in the first quarter.”
When asked about solutions to reduce gridlock, he said, “You can’t expect to drive fast in a construction zone, there will be a bit of slowdown and it is in that slowdown that ‘how we behave’ becomes very important.”
Speaking further, the former Lagos governor disclosed that the construction of the Lagos-Abeokuta Expressway had received funding of N7 billion from the new Sukuk bonds assuring that the pains of Ogun residents would be alleviated soon.
“I hear the concern about Lagos-Abeokuta (Road) and there are people we should ask why Lagos -Abeokuta (Road) was not built.
“I can categorically say that all roads that lead into and out of Lagos as a strategic commercial capital of Nigeria are receiving one form of attention or the other.
“Again, contractors had abandoned the site when we came and we revived and we are putting the Sukuk into it and the last Sukuk has about N7 billion in it. So, we don’t have all the money to build it. I understand there is more pain on the Ogun side but the Lagos side work is going because the contractor is constructing from Lagos to Ogun.
“In a matter of weeks, I am hopeful we would have a more enjoying financial solution not only to Lagos-Abeokuta but also to Akure and Ado Ekiti and once that is done, whether we are in government or not, those roads will be constructed,” he said.
On the need to toll some roads, he asserted that it was a necessary business venture that would raise revenue without sacrificing the quality of service delivered to commuters.
He stated, “First, we have to understand that out of about 200,000 plus kilometers, the total quantity of roads that would be under the tolling policy approved by the government will be only five per cent, so it is not such a high volume of roads.
“The Lagos-Ibadan Expressway was built as a toll road from day one and we want to sustain the quality of service.
“I think it is sensible in terms of traffic volume that roads can be subject to commercial policies, not just to raise revenue but render quality service to Nigerians.
“Tolling itself is business everywhere in the world. We have to continue opening up the economy to these things.
“We can’t stay with agriculture, oil, tech and all of that. We have to open up more economic opportunities.”
Furthermore, the minister announced his retirement from public service, stating that he had been extremely privileged to run government for 21 years and wanted to take a break.
The Punch
Featured
Buhari Denies Ownership of Abuja Land Revoked by Wike
Former President Muhammadu Buhari, on Thursday, denied ownership of a piece of land purportedly allocated to him by the Federal Capital Territory Administration (FCDA) in Abuja.
Media reports indicate that Minister of the Federal Capital Territory (FCT), Nyesom Wike, has revoked the ownership of 762 plots of land in the Maitama 1 District of Abuja, citing non-payment of statutory fees.
According to the trending reports, high-profile figures, including former President Muhammadu Buhari and former Chief Justice Walter Onnoghen, are among those affected.
The FCTA had also issued a two-week ultimatum to 614 other individuals and organisations, demanding they settle outstanding Rights of Occupancy (R-of-O) fees or risk losing their plots.
However, debunking the reports, the former President stated he is “not the owner of the said plot of land which is allocated in the name of a ‘Muhammadu Buhari Foundation.’”
In a statement issued by his media aide, Garba Shehu, in Abuja, the former President explained that he turned down the offer by the administration when it was presented to him.
The media aide further clarified: “When he and his cabinet members were invited to fill the forms and obtain land during his tenure in office, he returned the form without filling it, saying that he already had a plot of land in the FCT and that those who did not have should be given. He, therefore, turned down the offer.
“All those jumping up and down in the digital space talking about the rightfulness or the lack of it on the reported seizure of Buhari’s land in Abuja to get their facts right and stop dragging down the name of the former president.
“As with anything Buhari—and there is no surprise in this at all—there is a lot of buzz in the media on the reported seizure of a piece of land by the authorities of the Federal Capital Territory, Abuja, FCTA, allegedly belonging to the former President Muhammadu Buhari.
“Former President Buhari is personally not the owner of the said plot of land, which is allocated in the name of a ‘Muhammadu Buhari Foundation.
“The Foundation was itself floated by some utilitarian individuals around him who, it must be said, went about it in a lawful manner with the support of a number of well-meaning persons.
“But they ran into a roadblock in the land department of the FCDA, which handed them an outrageous bill for the issuance of the certificate of occupancy, very high in cost that did not at all compare with the bills given to similar organisations.
“It may have been that this was not erroneous, but a deliberate mistake, making the revocation of the land no surprise to anyone.
“As a person, the former President has a plot of land to his name in Abuja,” he added
Featured
Dangote Refinery, a Wonder of Modern Technology – Japan Ambassador, Business Community
The Dangote Refinery and Petrochemicals complex has been hailed as an astonishing masterpiece, showcasing Nigeria’s technological advancements on the global stage.
This accolade was shared by a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo. The Dangote Group also reiterated that its petroleum products are in demand worldwide, as it expands its polypropylene section to reduce Nigeria’s reliance on imported polypropylene, a crucial material used in packaging, textiles, and the automotive manufacturing industries.
The Japanese delegation, which toured the impressive facilities housing both the Dangote Petroleum Refinery and Petrochemicals as well as Dangote Fertilisers, commended the state-of-the-art technology on display, noting that it reinforces Nigeria’s role as the gateway to Africa.
Managing Director of the Japan External Trade Organisation (JETRO), Takashi Oku, remarked that while Nigeria remains the gateway to Africa, the Dangote Refinery stands as a remarkable project that showcases the country’s technological progress. He added that the facility, as the world’s largest single-train refinery, is a point of immense pride for Nigeria. JETRO is Japan’s governmental organisation for trade and investment.
“We had heard about the excellence of the Dangote Refinery through the media but seeing it in person has left us truly amazed by its vastness and grandeur. It demonstrates that Nigeria’s population is not only growing but also advancing in technology. We are keen to collaborate with Nigerian companies, especially Dangote Refinery,” he said.
Emphasising that the refinery has bolstered Nigeria’s leading position in Africa, he further noted that the facility serves as an ideal introduction to the country for the global community.
Managing Director of Itochu Nigeria Limited, Masahiro Tsuno, also praised the sheer size and automation of the Dangote Refinery, calling it a miracle and one of the wonders of the world.
“I’ve seen many standalone refineries across the globe, including in Vietnam and the Middle East. However, this size of a refinery built by one single investor is probably a miracle in the world. And I’m just actually witnessing a miracle, to be honest, today,” he said. Tsuno indicated that his company would seek collaboration with the refinery across various sectors, including polypropylene and other petroleum products.
Commending the ambassador-designate and his team, which described the Dangote Petroleum Refinery as a wonder of modern technology, Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, explained that the facility is the vision of a Nigerian investor- Aliko Dangote, designed and built by Nigerians, and intended to serve the global market.
He said that it is a point of pride that a Nigerian company not only designed but also built the world’s largest single-train refinery complex. Dangote Industries Limited, a Nigerian company, acted as the Engineering, Procurement, and Construction (EPC) contractor for the refinery. In the process, cutting-edge technologies from around the world were incorporated to ensure that the facility meets the highest standards. Edwin assured the ambassador-designate and the delegation that the company is open to collaboration, always striving to maintain the best possible standards.
“Even now, we have a lot of Japanese equipment inside both the refinery and the fertiliser plant. There are significant opportunities for collaboration, as we always seek the latest technology in any business we engage in. For instance, our cement plant laboratory is managed by robots, and we always embrace advanced technology. With Japan’s focus on technological innovation, there is ample scope for cooperation and for supplying various types of technology,” he said.
Edwin also stated that the Dangote Petrochemical project will significantly boost investment in downstream industries, creating substantial value, generating employment, increasing tax revenues, reducing foreign exchange outflows, and contributing to Nigeria’s Gross Domestic Product (GDP).
He confirmed that products from the refinery meet international standards and are already being exported globally.
“In recent weeks, we’ve exported petrol to Cameroon, Ghana, Angola, and South Africa among others. Diesel has gone all over the world, and jet fuel is being heavily exported to European markets. Our products are already making their mark internationally,” he said.
He further added that by leveraging Africa’s vast crude oil resources to produce refined products locally, the Dangote Group aims to create a virtuous cycle of industrial development, job creation, and economic prosperity.
Featured
ICOBA 84-86 Set Donates N20m to Endowment
The Christmas/End of Year party of the Igbobi College Old Boys Association (ICOBA) was filled with excitement, pomp and pageantry as the 84-86 set celebrated its 40th anniversary of leaving the school.
The highlight of the event was the donation of N20 million from the set’s endowment to serve as a seed fund for the national body’s endowment through the National ICOBA. The donation was received by Mr Femi Banwo, President ICOBA International and Mr Kunle Elebute, Chairman ICOBA National Endowment Committee
The 84-86 set’s Board of Trustees Endowment Committee had established an independent endowment in 2009 with a vision to create a lasting legacy for the set. Speaking at the occasion, the Chairman of the ICOBA 84-86 Board of Trustees and Endowment Committee, Dr. Falil Ayo Abina, expressed his delight, stating that it was a dream come true.
Dr. Abina explained that one of the core lessons learned at Igbobi College was “self-denial.”
He reminisced about the Self-Denial Fund (SDF), where students were taught to contribute their weekly “widow’s mite” to share with the less privileged in society. Dr. Abina emphasized that when the endowment committee conceived the idea of the endowment 15 years ago, they had this legacy in mind, aiming to serve a purpose greater than self.
The donation of N20 million to the national endowment is expected to inspire others within the alumni and other school alumni associations to follow suit.
This generous donation is the first in ICOBA’s history and arguably in Nigeria and sub-Saharan Africa.
The 13-member endowment committee, also include Demola Ipaye, Fola Laguda, Gbenga Aina, Demola Oladeinde, Jimi Onanuga, Abayomi Alabi, Kwami Adadevoh, Bayo Ayoade, Tunde Sadare, Wole Ogunbajo, Tunji Akinwummi, and Lanre Olusola, worked tirelessly to make this vision a reality and it was indeed mission accomplished for the ‘Nobles Nigerians‘ as Igbobians are called.
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