‘We have paid N70 billion for road projects’ – Fashola

 TVC E. The minister of Works, Power and Housing, Babatunde Raji Fashola has disclosed that a total sum of N70 billion has been paid to contractors out of the N2.1trn liabilities for the construction of 206 road projects across the country.  Fashola in a statement issued by his Special Adviser on Communications, Hakeem Bello, on Wednesday, stated that the N102bn that his ministry got “has been described as a lion’s share of the N300bn.”  “But it is a lion’s share against our realities and the realities are that we inherited 206 roads under construction and the liabilities for those roads were in the region of N2.1tn,” he added, pointing out that the government had paid about N70bn of the amount. 'As at July this year, N70bn had been paid out to contractors, project managers and consultants for roads and bridges and the various contractors had since returned to site,'' the statement stated.  He listed the road projects...

Amaechi And Fashola Did Not Sponsor Buhari’s Election Campaign – APC

TVC E. The All Progressives Congress, APC, Lagos State chapter has stated that former governor of Lagos State, Babatunde Fashola and his Rivers State counterpart, Rotimi Amaechi, did not fund President Muhammadu Buhari’s campaign. The Publicity Secretary of the party, Joe Igbokwe said the claim by former Aviation Minister and chieftain of the Peoples Democratic Party, Fani-Kayode, was a ‘bedtime story for kids’.   Fani-Kayode, had in an article on Friday, alleged that former governors Babatunde Fashola of Lagos State and his Rivers State counterpart, Rotimi Amaechi, funded President Muhammadu Buhari’s campaign. But Igbokwe urged the former minister to quickly return the N840m he admitted to have received, instead of giving excuses. He said, “Fani-Kayode is afraid of his shadow. Fani-Kayode’s PDP ruled Nigeria for 16 years and also looted Nigeria for 16 years with nothing to show for it except decayed infrastructure and empty treasury.   “In his confused state of mind, Fani-Kayode thinks APC spent...

New electricity tariffs take effect today

The Association of National Electricity Distributors on Sunday has described the new tariffs, which will become effective on Monday (today), as a necessary move that will attract investments into the power sector. This is, however, coming amid opposition from labour unions, with the Nigeria Labour Congress, Trade Union Congress of Nigeria and some civil society organisations vowing to picket electricity distribution companies across the country as a way of resisting the hike in electricity tariffs. The Minister of Power, Works and Housing, Babatunde Fashola, however, said the new electricity tariff regime was the first major policy of the President Muhammadu Buhari administration....