News
Lagos-Calabar coastal road project to cost ₦4bn per kilometre
Umahi says the current design of the road under construction is different from its original design which was eight lanes without train tracks.
The construction of the Lagos-Calabar coastal highway has started from Victoria Island in Lagos.
David Umahi, the Minister of Works has disclosed that the construction of the Lagos-Calabar highway would cost ₦4bn per km.
Former Vice President, Atiku Abubakar, had earlier criticised the project, alleging that the Federal Government planned to spend ₦8bn on each kilometre of the 700 km road project.
Atiku also raised questions on why President Bola Tinubu awarded the contract to his ally, Gilbert Chagoury’s Hitech without competitive bidding.
Reacting to this, Umahi in a statement on Tuesday, April 9, 2024, said Atiku lacked an understanding of figures, adding that he found the ex-VP’s comment degrading.
Also, while appearing as a guest on the Television Continental on Wednesday, April 10, 2024, the minister dismissed Atiku’s claim on the cost of the project.
He explained that the current design of the road under construction is different from its original design which according to him was eight lanes without train tracks.
“The coastal road we are constructing has a total of 10 lanes, you know, not only that it has a total of 10 lanes, it also have what we called shoulders. And the total shoulders can be put at about 23 metres. So when you put the total concrete pavement we are doing, it’s about 59 metres. When you put the total flexible pavement that he quoted it’s about 23 metres,” Umahi said.
“And so when you run the figures, you now find out that under his calculation, it is giving you about over ₦19bn per kilometre. Now if you divide it by the 23 kilometres that they are doing, it is about 2.225 times a standard superhighway carriageway, which is ₦11.55bn. Whereas what we are doing, if you divide it, you get ₦5.167bn, So when you now divide using our 1.067, you get about ₦4bn/km.
“If you go back to what he has quoted, you will get over ₦8bn. So using concrete, which should be more expensive because of the kind of terrain we have, and using flexible pavement, which shouldn’t stand the coastal route, you will find out that our cost is ₦4bn instead of the ₦8bn claimed by the former vice president.”
The former Governor of Ebonyi State disclosed that Hitech Construction would fund the project under the Public-Private Partnership model.
News
NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.
The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.
During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.
Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.
“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.
He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.
Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.
“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.
Watch video below:
News
Sanusi: Critics Are Not Enemies Of The Govt
” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.
The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.
Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.
“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
News
Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.
Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.
Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.
“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.
In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.
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