Headline

Akwa Ibom Government Invests N112 Billion in Road Infrastructure Projects

Published

2 years ago

April 11, 2024

Admin

…DAKKADA OIL PALM FACTORY COMMENCES MILLING SOON

“Since May 2023, Akwa Ibom State Government Invests N112 Billion in Road Infrastructure”

Commissioner for Works and Fire Service, Prof. Eno Ibanga disclosed this when he presented a breakdown at the State Executive Council meeting in Uyo.

He revealed that 39 new road projects have been undertaken with N78.77 billion released to fund them, while old projects have been funded to the tune of over N30 Billion, with an additional N12 Billion recently released by the Governor.

Details of the Exco meeting were made public by the Commissioner for Information, Ini Ememobong.

The Executive Council also approved the increment of pension for pensioners who retired before 2012, effective April 2024.

Following the ongoing harvesting of fruits, milling will soon commence at the Dakkada Global Oil Palms.

The Managing Director of the Akwa Ibom Investment Corporation, Pastor Imoabasi Jacob announced this during his presentation at the State Executive Council meeting presided over by Governor Umo Eno.

Two projects executed through the Direct Labour Agency have been completed with 19 other ones ongoing.

The Director of Operations of the Agency, presented a status update on the projects under their supervision, also disclosed that 31 of the 100 initial ARISE Compassionate Homes will be completed and presented soon.

The Council was also briefed on the progress at Ibom LED, where 800 people have been trained and N400m has been approved to fund the grant of N500,000 to each of the participants, which will soon be done.

The Governor charged all the Executive Council members to ensure that all the projects and programmes under their supervision are people-centric from ideation to execution. He advised that project monitoring should be ramped up to ensure quick completion.

Major Highlights of the meeting are as follows:

√Status update on Food sufficiency received; proposal on increased cocoa, rice production & Ibom Model Farm submitted by HC for Agriculture & Rural Development

√Presentation of proposal by MD, AKICORP on Ibom Towers, FalconNext, Landmark Beach Resort.

√Dakkada Global Oil Palms Ltd ready to commence milling of ongoing harvested fruits

√Confirmation of N400m disbursed at N500,000 each to 800 IBOM-LED trainees in two batches

√Briefing by HC Works & Fire Service on N112 billion disbursed by the Governor for road infrastructure since May 2023, with 39 new road projects receiving N78.77 billion & N30 Billion for old projects, with additional release of N12 Billion

√Presentation by HC Culture & Tourism on tourism blueprint for proposed development of Tourism hubs at Ikot Abasi, Itu, and Oron

√ Two projects ready, 19 ongoing through Direct Labour Agency on 1 Project per Local Government Area; 31 ARISE Compassionate Homes nearly completed

√Approval for increment of pension for pensioners who retired before 2012, effective April 2024.

Headline

Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS

Published

43 minutes ago

December 19, 2025

Eric

President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at N15.25 trillion.

Tinubu presented the budget on Friday, pegging the capital expenditure at N26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.

He said the expected total revenue is N34.33 trillion, projected total expenditure: N58.18 trillion, including N15.52 trillion for debt servicing. The budget is N23.85 trillion, representing 4.28% of GDP.

The budget was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.

In terms of sectoral allocation, defence and security took the lion’s share with N 5.41 trillion, followed by infrastructure at N3.56 trillion.

Headline

Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

1 day ago

December 18, 2025

Eric

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles.

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

Headline

Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

1 day ago

December 18, 2025

Eric

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.