News

Road Projects: FG Stops Payments To Contractors In South-East

Published

3 years ago

September 7, 2023

Editor

The Minister of Works, Sen. Dave Umahi on Wednesday stopped some road construction in the Southeast pending the review of the existing and additional contracts.

Umahi gave the directive on Thursday in Enugu during the inspection of some ongoing construction/rehabilitation of federal roads across states in the South-East.

The minister expressed dismay that four bridges and three kilometers of additional work were costing N15 billion.

“I have directed directors in the ministry to sit with the contractors and review it.

“I strongly believe that there is no way that the project will cost us more than three to four billion naira, and when a project is too expensive, and the budgeting process is very low, then contractors will remain on site for 10 to 15 years,” he said.

Some of the roads inspected included the Ozalla- Akpugo-Amangunze-Isu Onicha (Enugu-Onitsha) with a spur to Onunwere in Enugu State done by Arab Contractors and rehabilitation of Old Enugu- Onitsha road also done by Arab Contractors.

Others were the construction of the Nenwe-Nomeh-Mburubu -Nara road with a spur from Obeagu-Oduma road, Enugu State, Rehabilitation of Nsukka -Ikem, Eha Amufu – Nkalagu in Ebonyi State among others.

Umahi commended the quality of work done on some of the roads in Enugu, adding that he stopped certain payments until contractors, and the ministry reviewed the existing contracts and additional works.

The former Ebonyi governor said he stopped payment of RCC and Arab Contractors until they all sit down to review the cost of the projects and methods of construction.

He also said because of funding he had directed works on spots should come in the second phase to enable contractors to complete carriage ways first.

He equally directed the contractor handling the Mmaku road seven days to return to the site to cover the binder course.

He also directed that the right-hand side of the Enugu-Onitsha expressway be done with concrete to save costs.

“I discovered something unprofessional where contractors put a binder course and leave it up to five to eight years, and within that period, the binder course fails.

“Henceforth, no contractor will leave the binder course for more than one month without covering it because the binder course admits water which affects subgrade.

“It is not healthy for contractors as they lose money for the equipment they are using to maintain the work,” he said.

The News Agency of Nigeria (NAN) reports that the binder course is an intermediate, bitumen-bound aggregate layer placed between the base layer and the surface of an asphalt pavement.

The minister explained that Nigerian roads failed because of the bad asphalt placed on them as a result of adulterated bitumen imported into the country.

According to him, most of our roads are not failing because of sub-base or subgrade but fail because of bad asphalt placed on them.

“So the fight of turning to concrete is a continuous one, and we will not give up until our roads are able to last up to 30 years to 40 years without maintenance when built.

“At Enugu section three to Port Harcourt section 3, I have also directed that the second carriage be totally done on concrete as we are safer with concrete in southeast roads,” he said.

To buttress his point on the concrete road, Umahi, who took newsmen to Nigercem – the first cement factory in Nigeria, said the factory road built in 1950 with concrete was still stable as well as other roads in Nkalagu built with concrete seven years ago.

“This is what we are advocating and basically, Southeast, South-South, and South-West roads shall be on concrete because of their terrain,” he said.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

55 minutes ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

3 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.