Connect with us

News

Tinubu seeks $347m loan for ongoing massive Lagos-Calabar coastal highway project

Published

on

Please Kindly Share This Story

By Bonaventure Melah

President Bola Tinubu has requested approval from the House of Representatives for an additional $347 million loan to finance the Lagos-Calabar Coastal Highway project.

The loan request, part of Nigeria’s revised 2025–2026 borrowing plan, was contained in a letter read by Speaker Abbas Tajudeen during Wednesday’s plenary session.

According to Tinubu, the cost of the coastal highway project has risen from $700 million to $747 million — prompting the need for extra financing.

He said the loan would help close funding gaps and keep the project on track. The president also noted that the projects in the updated borrowing plan were carefully selected for their potential to create jobs, support local businesses, enhance skills, and reduce poverty.

The House has referred the request to its Joint Committee on Finance, Aids, Loans, and Debt Management for scrutiny. The panel is expected to examine the loan details and make recommendations to the full chamber.

The Lagos-Calabar Coastal Highway is a 700-kilometer project being executed by the David Umahi-led Federal Ministry of Works and is running from Victoria Island Lagos to Calabar, Cross River State with 30-kilometers already completed and commissioned by President Bola Tinubu.

The massive highway which is intended to connect the western and south-eastern regions of Nigeria and improve cross-country connectivity and trade relations, will pass through Ogun State, Ondo State, Edo State, Delta State, Bayelsa State, Rivers State, and Akwa Ibom State, before ending in Calabar.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Enugu State govt suspends monarch for hosting Peter Obi

Published

on

Please Kindly Share This Story

The Enugu State Government has suspended His Royal Majesty, Igwe Eze William Ezugwu, the traditional ruler of Ibagwa Ogbozalla Opi Autonomous Community, in Nsukka Local Government Area of Enugu state.

The state government accused Igwe Ezugwu of violating provisions of the state’s Traditional Rulers Law.

In a letter of suspension dated September 24, the Enugu State Government cited his alleged failure to constitute his cabinet, failure to establish a Town Union governing body, and persistent conduct deemed inconsistent with the laws governing traditional rulers in the state.

The suspension comes barely three weeks after Igwe William Ezugwu received NDC presidential candidate Peter Obi at his palace in Opi, Nsukka LGA, where he reportedly blessed Obi’s presidential ambition.

Continue Reading

News

Bandits ambush, kill Plateau state deputy commander, operation rainbow CSP Babale

Published

on

Please Kindly Share This Story

The Deputy Commander of Operation Rainbow, CSP (Chief Superintendent of Police) Dennis David Babale, has been killed after gunmen suspected to be Fulani Bandits ambushed personnel of the security outfit along the Bokkos-Barkin Ladi road in Barkin Ladi Local Government Area of Plateau State.

Operation Rainbow is a State-backed community security and intelligence-gathering outfit in Plateau State, Nigeria, originally established in 2010 under former Governor Jonah Jang and recently revamped by Governor Caleb Mutfwang to combat rural violence and beef up grassroots security.

The incident reportedly occurred at about 4:06 p.m. on Tuesday, September 22, 2026 when the personnel, travelling in a Toyota Hilux vehicle, came under attack by unidentified gunmen.

Troops of Sector 4, Operation ENDURING PEACE (OPEP), responded to a distress report and moved to the location of the attack.

Sources told reporters that Babale sustained gunshot wounds during the ambush and was evacuated to the General Hospital, Barkin Ladi, for medical attention.

Following the attack, troops, working alongside personnel of other security agencies, launched offensive operations and a manhunt for the assailants within the general area.

Security forces have intensified efforts to track the attackers and prevent further attacks along the route.

 

Continue Reading

News

What NiMet DG Anosike, others discussed at WMO dialogue in China

Published

on

Please Kindly Share This Story

Director General/CEO of the Nigerian Meteorological Agency (NiMet) and Nigeria’s Permanent Representative at the World Meteorological Organization, Prof. Charles Anosike and other Chief Executive Officers of similar agencies across the world, have concluded a one week high level dialogue on Climate Science Information for Climate Finance and the 53rd Senior Official Field Exchange (SOFE) in Beijing, China.

The event which was hosted by World Meteorological Organization (WMO), took place from September 14 to 18, 2026 and featured discussions on: strengthening the role and leadership development of National Meteorological and Hydrological Services (NMHSs) in mobilizing climate finance; aligning scientific and technical capabilities with risk-informed, people-centred early warning systems; shifting from technical assistance to sustainable investments by expanding practical cooperation between meteorological frameworks and multilateral financing entities; and support to NMHSs leadership on strengthening strategic thinking and fostering productive partnerships.

Held back-to-back with the High-level dialogue was the 53rd Senior Official Field Exchange to Fujian Province for first-hand exposure to the implementation of Multi-hazard, Alert, Zero-gap and Universal (MAZU) platform – China’s AI-driven meteorological early warning solution in support of the Early Warnings for All (EW4All) initiative and disaster risk reduction practices through technical exchanges, field visits and peer learning.

Continue Reading

Trending