FG Approves N4.2trn for Lagos-Calabar Coastal Road, Other Major Road Projects Nationwide Okays N159.5bn for FCT projects
Deji Elumoye in Abuja The federal government has approved road infrastructure contracts worth
N4.2 trillion, covering major highways and bridges across Nigeria, including the second phase of the Lagos-Calabar Coastal Road. Minister of Works,
Targets 2m jobs, $100bn GDP boost with new creative, tourism infrastructure plan Senator David Umahi, disclosed this to newsmen yesterday in Abuja at the end of the Federal Executive Council (FEC) meeting presided by
President Bola Tinubu. According to Umahi, the projects are spread over several states, with a focus on enhancing connectivity,
improving road safety, and supporting economic growth. FEC also approved road construction projects worth N159.5 billion for
the Federal Capital Territory (FCT), targeting infrastructure development Continued on page 9
CBN Report: Banks, Other Financial Institutions Reported Higher Default Rates for Loans in Q4... Page 9 Tuesday 4 February, 2025 Vol 30. No 10894. Price: N400
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Donald Trump, Ramaphosa Bicker over South Africa's Land Expropriation Law US president vows to cut funding to African country
Emmanuel Addeh in Abuja
President Donald Trump has said he
will cut all funding to South Africa and has launched an investigation into the country’s policies, claiming that
a “massive” human rights violation against white people is happening over a new land expropriation law.
Set to extend sweeping tariffs to EU, UK
In response, the South African government said that the Trump administration needed to have a better
understanding of the new law, which is meant to help redress the impact of decades of white minority rule
in South Africa under the apartheid Continued on page 9
NUPRC Writes Oil Producers, Threatens Sanctions over Non-supply to Local Refineries Komolafe advises refiners to adhere to international best practices in procurement, operational matters Verheijen: FG targets 2.7 million barrels per day crude oil output by 2027 Story on page 9
UNIVERSITY OF ENVIRONMENT FOR OGONILAND...
L-R: Former Vice Chancellor, University of Port Harcourt, Prof Don Baridan; Chairman House Committee on Host Communities, Hon. Dumnamene Dekor; Senator Representing Rivers South-East Senatorial District, Senator Barry Mpigi; President Bola Ahmed Tinubu; Chief of Staff to the President, Femi Gbajabiamila; Minister of Education, Dr. Olatunji Alausa; and National Security Adviser (NSA), Mallam Nuhu PHOTO: GODWIN OMOIGUI Ribadu, during the signing of the Establishment of Federal University of Environmental Technology Bill 2024 into law at the Presidential Villa Abuja..... yesterday