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We’ve Fulfilled Our Promise on Road Development – Buhari

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Buhari on arrival from London
  • We’ve Fulfilled Our Promise on Road Development – Buhari

The current administration has fulfilled the promise it made in May 2015 as regards developing road infrastructure, President Muhammadu Buhari declared on Monday.

Buhari, however, stated that the government would continue to work on the country’s road network and stressed that his administration had raised the country’s budgetary commitment for capital projects from 15 per cent to a minimum of 30 per cent.

He stated these in Abuja at a one-day public enlightenment forum on developments in the road sector.

The forum was organised by the Federal Ministry of Power, Works and Housing.

The President, whose speech was read by the Secretary to the Government of the Federation, Boss Mustapha, noted that the critical place of the road sector in Nigeria’s historical evolution and national life could not be overemphasised.

Buhari said, “Presently, the haulage of industrial goods and raw materials, agricultural produce, petroleum products, power plant components and many other equipment are carried about using the nation’s road network. It was this realisation that underscored our promise of change in May 2015 with infrastructure as a priority. This we have fulfilled by policy and action.

“It is on record that this administration has raised our annual budgetary commitment for capital projects from 15 per cent to a minimum of 30 per cent and committed to a fiscal stimulus targeted at infrastructure. The result is a revival of construction activity on highway projects nationwide.

“From 2015 to date, my administration has constructed and rehabilitated several hundred kilometres of interstate federal roads and bridges to ease the movement of persons, goods and services.”

The President, however, stated that in order to take advantage of the full benefits of ongoing projects and get value for investments, users of the facilities must change their ways.

Buhari said, “As the head of this government, I’ve signed up for that change. I recently ratified the ECOWAS Supplementary Act on Heavy Goods Vehicles, Weights and Dimensions that are permitted to transverse federal roads in August 2017. I also approved the enforcement of the Act to commence from the loading points at the ports, depots and factories, respectively.

“This enlightenment forum is therefore organised to bring awareness and seek the cooperation of major players in the haulage industry, manufacturers, policymakers, labour unions and all those involved in the movement of goods and services of the new rules and regulations guiding the maximum axle load allowed on any goods’ vehicle within the ECOWAS sub-region that is also applicable in our country.”

He also told delegates at the event that the Federal Government was investing in the rail sector in order to reduce the pressure on the highways.

Buhari urged participants to provide inputs that would enhance the country’s road policies.

Earlier in his address, the Minister of Power, Works and Housing, Babatunde Fashola, said the meeting was to reflect and agree on the need for change about how roads were being used, adding that the Federal Government was working on one or two roads in all states across the country.

Fashola stated, “This government is now rapidly and aggressively addressing road transport infrastructure repairs, rehabilitation and construction as many of you who travel regularly will attest. There is no state in Nigeria today where you will not see our contractors busy at work.

“The crux of this meeting is to first acknowledge that the President is only one man who cannot be everywhere, and secondly to recognise that we are the actors of the change that is required to take us to prosperity, and thirdly to recognise that the way we use the roads, when finally completed, will determine how long they last and whether they deliver prosperity or not.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Netanyahu

Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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