FG To Bring Back Toll Gates On Federal Roads

 

The Federal Government is set to bring back toll gates on Nigerian roads years after they were pulled down.

The Minister of Works and Housing, Mr. Babatunde Fashola gave the hint at an interaction with correspondents at the State House after the weekly Federal Executive Council (FEC) meeting in Abuja.

READ ALSO: Buhari, 10 Governors And Ministers Depart Abuja For South Africa

At the FEC meeting which was chaired by President Muhammadu Buhari, the minister argued that there is no reason why the nation cannot toll.

Fashola stated that no law prohibits tolling in Nigeria today even though it was a policy of the government to abolish tolls.

FEC Approves N310bn For Road Projects

(file photo) Minister of Works and Housing, Babatunde Fashola, addresses journalists.

 

The Federal Executive Council has approved the sum of N310 billion for road projects in several parts of the country.

Briefing journalists in Abuja, the Minister of Works and Housing, Babatunde Fashola, said that N79.82bn is for the Ibadan-Ilesa-Ife road, while N200.1bn is earmarked for roads linking the second Niger Bridge to Asaba and Onitsha.

The remaining N29. 6bn according to him, is meant for phase 2 of the Kano-Katsina Highway.

Meanwhile, the Minister for Education (State), Emeka Nwajiuba, disclosed that the Council also approved contracts for his ministry under the Tertiary Education Trust Fund (TETFUND).

According to him, N915 million is for the construction of the Faculty of Environment at the University of Abuja, while N918 million has been budgeted for the construction of the Faculty of Education in the same university.

Why There’s Been A Delay In Delivery Of Road Projects – Fashola

 

The Minister of Works and Housing, Mr Babatunde Fashola, has explained the reason why there has been a delay in delivery of road projects across the country.

Speaking during the Federal Executive Council meeting on Tuesday, he noted that while approval by the council is one challenge, funding is another major challenge.

He further stated that other challenges encountered by the government bother on lack of co-operation by the communities and payment of compensation.

The minister again noted that there’s a pending amount of N10 billion as unpaid compensation for the second Niger bridge amongst several others.

Meanwhile, he denied reports that there are currently about 20,000 abandoned projects across the country.

FG To Increase VAT From 5 To 7.5 Percent

 

The Federal Government has said that consultations will begin at all levels on the review of the Value Added Tax, (VAT) from 5 per cent to 7.5 per cent, just as it is ready to begin deductions to recover bailout funds given to states.

This was disclosed by the Minister of Finance Zainab Ahmed, on Wednesday who spoke with State House correspondents after the maiden Federal Executive Council meeting presided over by President Muhammadu Buhari.

“We will begin consultations and consultations will be at various levels in the country. So it includes consultations with the states, with the local governments, with the parliament as well as with the Nigerian public. For the VAT increase to take effect, there has to be an amendment to the VAT Act,” she said.

READ ALSO: Federal, States, LGs Get N3,84trn FAAC In Six Months – NEITI

Mrs Ahmed who spoke on the bailout funds issued to states by the Central Bank of Nigeria said it wasn’t a grant but that it was meant to be refunded.

“It was not a grant to states by the Federal Government. The Central Bank has a responsibility to ensure that loans given act are paid.

Buhari Presides Over First Post-Inauguration FEC Meeting

 

President Muhammadu Buhari on Monday met with members of the Federal Executive Council in Abuja.

The FEC meeting which is the first since the President inaugurated new ministers on August 21 for his second term, kicked off at the Presidential Villa around 11:00 am.

See photos below.

FEC Approves 0.2 Percent Import Levies

Minister of Finance, Zainab Ahmed

 

The Federal Executive Council, FEC, on Monday approved a new import levy on Cost, Insurance, and Freight (CIF) that will be charged on imports coming into Nigeria.

The Minister of Finance, Zainab Ahmed, disclosed this while briefing State House Correspondents at the end of the weekly FEC meeting presided over by the Vice president, Yemi Osinbajo at the Council Chamber, Presidential Villa, Abuja.

Ahmed said the FEC approved a rate of 0.2 per cent as the new import levy on imports coming into Nigeria from AU countries.

READ ALSO: Nigeria’s GDP Records Slow Growth In 2019 First Quarter

She explained that there were some exceptions on goods originating outside the territory of member countries.

“The council approved a rate of 0.2% as a new import levy on Cost, Insurance, and Freight (CIF) that will be charged on imports coming into Nigeria but with some exceptions.

“The exceptions include goods originating from outside the territory of member countries that are coming into the country for consumption. It also includes goods coming in for aid.”

PHOTOS: Buhari Presides Over FEC Meeting Two Weeks To Inauguration

 

President Muhammadu Buhari on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the presidential villa in Abuja, the nation’s capital.

Today’s meeting may be the last official gathering of the council as they would be holding a valedictory session next week Wednesday ahead of the presidential inauguration on May 29.

Channels Television observed that all cabinet members were in attendance while the council is expected to brief journalists on the outcome of the deliberations at the end of the meeting.

The FEC meeting held a prolonged session which ran till late in the night last week Wednesday.

See photos below:

FEC Approves Construction Of Seven Model Schools, N1.6bn For Antiretroviral Drugs

 

The Federal Executive Council (FEC) has given approval for the construction of 7 model school in each zone of the country including the FCT.

The Minister of Information and Culture Lai Mohammed disclosed this at a media briefing after the council meeting on Thursday.

The schools which are to be sited in Imo, Katsina, Bauchi, Edo, Lagos, and Nasarawa, will cost about N4.6billion.

READ ALSO: Buhari Is ‘Extremely’ Concerned About Nigerian Workers, Unemployed – Enang

The council which met for over five hours also approved the contract for the supply of first-line Antiretroviral drugs for the National Agency for the Control of Aids (NACA). The contract is in the sum of over N1.6 billion. This includes 2nd line ARV of over N210million.

The drugs are to be supplied to Federal Central Store in Oshodi, medical stores in Abia and Taraba.

FEC Approves Committee For Infrastructure Spending

 

The Federal Executive Council (FEC), on Wednesday, approved the establishment of a committee made up of cabinet ministers and selected private sector investors, to source for alternative means of financing infrastructure.

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, briefed journalists after a six-hour closed-door meeting that the target is to boost infrastructure spending to a N10-20 billion range annually over the next five years.

Enelamah stressed that the Federal Government plans to achieve the plan by partnering with other key sectors and meetings would begin by April 2019.

READ ALSO: PHOTOS: Fire Guts National Productivity Centre Office In Abuja

The council also approved N1.4 billion for the design of a proposed 12-floor building for the Department of Petroleum Resources (DPR) in Abuja.

According to Minister of State for Petroleum, Ibe Kachikwu, the proposed building will serve as the head office of DPR, and the contract has been awarded to a Nigerian firm.

The regulatory and supervisory arm of the ministry of petroleum is currently based in Lagos and the minister stressed that the move to Abuja would be instrumental for income generation.

FEC Approves 27.4billion Naira For Victims Of Flood, Conflict And Insecurity

 

The Federal Executive Council (FEC) after a 7-hour closed-door meeting on Wednesday approved N27.4 billion intervention fund for victims of floods, conflicts, and insecurity across the nation. 

Governor Atiku Bagudu of Kebbi State who is also Vice Chairman of the National Food Security Council disclosed this to State House correspondents.

Bagudu noted that 69, 872 persons will benefit from over 8billion Naira earmarked for the victims of conflict and insecurity while 18billion Naira was specifically for flood victims across 14 states.

READ ALSO: Buhari Declines Assent To Digital Rights And Freedom Bill, Four Others

For the sum earmarked for flood victims, the council targeted 163,117 beneficiaries.

The FEC also approved the signing of the ‘Safe School Initiative’ which makes Nigeria now committed to implementing the project’s guidelines.

Also, Contract for the construction of the faculty of arts in Adamawa State university at 613million naira was approved.

FEC Backs President Buhari’s Directive On Ballot Box Snatchers

 

The Federal Executive Council (FEC) has backed President Muhammadu Buhari’s directive on ballot snatchers.

This was revealed to journalists by the Minister of Information, Lai Mohammed, after the weekly meeting.

The President had earlier ordered security operatives to “deal ruthlessly” with anyone who attempts to snatch ballot box during the rescheduled general elections on Saturday, February 23, 2019.

READ ALSOBuhari Orders Security Agencies ‘To Be Ruthless’ With Ballot Box Snatchers

He said he had ordered security agencies to prepare to crack down on potential troublemakers during the rescheduled elections.

The President also noted that he had briefed the law enforcement agencies and the military, who have identified the hot spots and flashpoints.

Information minister in his briefing, however, warned those with intentions to steal votes will face the consequences.

“Absolutely, I mean if you want to intimidate voters to steal the mandate of the people, you should be able to face the wrath of the law”.

Buhari Meets IGP, AIG In Abuja

File Photo: President Buhari and the IGP

 

President Muhammadu Buhari is currently meeting with the Inspector General of Police, Ibrahim Idris and the Assistant Inspector General of Police, Adamu Muhammad at the Presidential Villa.

Although details of the meeting are still sketchy, it may not be unconnected with the retirement of the IGP as his tenure expires today after attaining the mandatory 35 years in service.

Consequently, there have been reports that the Assistant Inspector General of Police may be the next IGP but there’s yet to be any official communication to that effect.

Meanwhile the president is expected to preside over an extraordinary Federal Executive Council meeting around 3:00 pm.