News
Peter Obi queries utilisation of $3.23bn Power Sector Fund due to National grid collapses
Instead of making significant progress, our recurrent occurrences of grid collapse have continued to characterize our power sector.
” One then wonders where all the funds borrowed for the power sector have gone into.”
That’s Peter Obi, reacting to the incessant national grid collapses.
Obi, on his X page tonight, said: ” I have just read the reports of the collapse of our national grid, just 11 days into the new year. Most of last year, we faced recurrent national grid collapses.
That occurred about 12 times in the year. The untold setback and hardship it brought on households and businesses was immeasurable.
Further reports showed that Nigeria has borrowed over $3.23 billion in the last four years to fix its electricity problems, and yet the country cannot produce more than about 4,500 megawatts of power for the people.
Instead of making significant progress, our recurrent occurrences of grid collapse have continued to characterize our power sector.
The lack of sincere commitment by us, the leaders, to the true development of the nation, followed by the widespread corruption eating through every sector of our national existence, has continued to drive retrogression and backwardness in our nation.
This is a new year, and again, I will appeal to the government to make it a fresh start by building on the lessons of yesteryear to now improve every aspect of the nation, including the power sector, without which households and small businesses will continue to struggle under immeasurable economic burdens.”
News
Kara Bridge Repairs Cripple Lagos-Ibadan Expressway
Motorists endured hours of gridlock on the Lagos-Ibadan Expressway on Tuesday after the Federal Government began two-week repairs on damaged expansion joints at the Kara Bridge.
The rehabilitation, which started on September 8 and is scheduled to run until September 22, involves replacing worn-out expansion joints that had exceeded their service life and posed safety risks. Work is being done in phases: one half of the affected section is closed at a time while traffic is controlled on the remaining lanes.
Traffic built up in the afternoon and stretched from the Kara Bridge in Ogun State to the 7Up Junction and beyond into Lagos, including areas around Secretariat, Ojota, Ikeja and the Otedola underpass. Security and traffic officials from the police, military, Lagos State Traffic Management Authority, Federal Road Safety Corps and Ogun State Traffic Compliance and Enforcement Corps were deployed to manage the flow.
The Federal Ministry of Works said the intervention, directed by the Minister of Works, aims to improve road safety and preserve the bridge’s structural integrity. Authorities have advised motorists to plan journeys carefully, consider alternative routes where possible, and cooperate with traffic managers during the repair period.
News
Abia ranks top in BudgIT 2026 report
The BudgIT 2026 Report ranked Abia second in aggregate revenue growth, third in Internally Generated Revenue (IGR) growth, first in total expenditure growth, capital expenditure growth, and personnel expenditure growth
• Governor Otti
Abia state has emerged among the top-performing states in the 2026 BudgIT Report, covering 2017-2025.
The Abia State Commissioner for Information, Okey Kanu, who made the disclosure in Umuahia during a chat with newsmen, noted that the BudgIT 2026 Report ranked Abia second in aggregate revenue growth, third in Internally Generated Revenue (IGR) growth, first in total expenditure growth, capital expenditure growth, and personnel expenditure growth.
The commissioner said the performance reflected the administration’s prudent and strategic management of public resources.
“Abia State’s combination of revenue mobilisation, capital investment expansion, and administrative cost restraint points to a story of adroit and prudent management of resources,” said Kanu .
News
FG inaugurates Committee for nationwide activation of Nigeria’s unified 112 emergency number
Vice President Kashim Shettima, urged the committee to ensure its decisions were based on global best practices in order to develop a clear roadmap.
The Federal Government has set up a committee for the activation of the 112 national emergency number.
The committee comprises the Nigeria Police Force (NPF), Nigerian Communications Commission (NCC), National Emergency Management Agency (NEMA), Federal Road Safety Corps (FRSC) and other relevant agencies.
NEC had recently approved 112 as Nigeria’s single universal toll-free emergency number to replace fragmented and slow response lines, with a view to eliminating bureaucratic red tape and allowing citizens easy access to rapid assistance during fires, accidents, medical crises or security breaches.
Addressing stakeholders during the National Emergency Number 112 Project meeting , yesterday, Vice President Kashim Shettima, urged the committee to ensure its decisions were based on global best practices in order to develop a clear roadmap.
He charged the committee to finalise the roadmap and standard operating procedures for formal NEC endorsement,
Shettima stressed the need to make significant progress, assuring stakeholders that resources would be made available to fund the process once progress became visible.
“Let’s make progress so that whatever time we have spent here is worth spending. And most importantly, the engine is finance. It is resources to drive the process. And I want to assure you that we will get the resources,” the Vice President stated.
-
Business1 day agoNAFDAC Goes After Chinese Logistics Firms Over Products Counterfeiting
-
Business2 days agoDangote Refinery Signs IPO Document Today
-
Politics2 days agoObidient Connect Texas Plans Grand Rally for Obi-kwakwanso October 10
-
News2 days agoFG announces two-week traffic delays on Kara–Berger Bridge for repairs
-
Politics2 days agoNigerians better off under military than democracy – Duke
-
News2 days agoJUST IN: Traffic Chaos Expected on Lagos-Ibadan Expressway From Tuesday
-
Sports1 day agoFalconets lose World Cup opener to Spain
-
Entertainment1 day agoIkenga becomes highest-grossing Igbo film of all time
