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Media can now access funds from BoI — Tinubu

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2 years ago

November 8, 2024

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President Bola Ahmed Tinubu has asserted that the media is not left out of the Renewed Hope agenda of the Federal Government.

He said media organisations can now also access funds from the Bank of Industry at a single-digit interest rate, for the development and expansion of their businesses.

President Tinubu stated this at the opening ceremony of the All Nigerian Editors Conference in Yenagoa, Bayelsa State capital, on Thursday.

Represented by the Minister of Information and National Orientation, Alhaji Mohammed Idris, the President applauded the role of the media in the fight to to enthrone democracy and the successes recorded in the 25 years of its uninterrupted journey, saluting their longstanding legacy of deeply committed contributions to nation building.

He said the democracy that Nigeria enjoys today would not be possible without the media, just as he saluted media personalities and individual whose collective efforts not just at that time, but even right through to today, as the country celebrates a quarter of a century of unbroken democratic experience.

Tinubu said as someone who was privileged to be in the thick of the pro-democracy struggle, with a front-row view of how it played out, he would always acknowledge the very important role of the media in the struggle.

The President said: “Indeed, in this room are many veteran journalists who played very important roles in ushering in the age of enduring democracy in Nigeria. I salute your individual and collective efforts not just at that time, but even right through to today, as we celebrate a quarter of a century of unbroken democratic experience.

“In any thriving democracy, the roles of the government and the media are intertwined, both essential in serving the public interest. And of course, the media has a duty to hold elected and appointed officials accountable, and ensure that we are doing our work in a manner that strengthens democracy – not weakens it.

“That important work must be done in a spirit of mutual respect and collaboration, not recrimination and opposition; this alignment enables us to achieve common goals that benefit society at large.

“Indeed, our roles are most effective when they are not adversarial but cooperative. By viewing each other as allies in nation-building, we can create an environment where transparency, accountability, and mutual respect thrive.

“Together, the government and the media can empower citizens, strengthen democratic institutions, and build a more informed and resilient society.

“As we gather to discuss a theme that is both timely and urgent, ‘Economic Growth and Development Strategies in a Resource-Rich Country,’ we find ourselves at a critical juncture in our nation’s journey toward sustainable growth and prosperity.

News

FG Renames Lagos-Calabar Coastal Highway After President Tinubu

Published

2 minutes ago

July 17, 2026

EMMANUEL AGAJI

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The Federal Government has renamed the 750-kilometre Lagos-Calabar Coastal Highway after President Bola Ahmed Tinubu, describing the multi-trillion-naira infrastructure project as the fulfilment of a vision conceived by the President nearly three decades ago.

According to CityNews, the Minister of Works, David Umahi, announced the decision on Thursday during a briefing, saying the ministry resolved to immortalise Tinubu by naming the flagship highway after him.

The Lagos-Calabar Coastal Highway is one of the signature infrastructure projects of the Tinubu administration and is estimated to cost about ₦15 trillion upon completion.

Addressing journalists, Umahi said the decision followed consultations with the leadership and management of the Federal Ministry of Works.

According to him, the ministry considered the President’s longstanding commitment to the project before arriving at the decision.

“By the power conferred on me as the Honourable Minister of Works, and in consultation with the Permanent Secretary, the Minister of State, the directors and the entire staff of the ministry, we have decided to name the entire Lagos-Calabar Coastal Highway after President Bola Ahmed Tinubu.

“This is a dream that Mr President had about 27 years ago,” Umahi said.

The 750-kilometre coastal highway is designed to connect Lagos to Calabar, traversing several coastal states and providing a major transportation corridor expected to boost economic activities, tourism, trade and regional integration.

The project is regarded as one of the Tinubu administration’s flagship legacy initiatives, with sections of the highway already nearing completion.

Government officials have repeatedly argued that the road will reduce travel time, improve connectivity and unlock investment opportunities along Nigeria’s coastline.

Despite its strategic importance, the Lagos-Calabar Coastal Highway has generated widespread public debate since construction commenced in March 2024.

Critics have questioned the project’s cost, procurement process and alignment, with concerns also raised over the demolition of properties along parts of the route.

The Federal Government, however, has consistently defended the project, maintaining that all due processes were followed and insisting that the long-term economic benefits outweigh the initial challenges associated with its execution.

Estimated to cost about ₦15 trillion upon completion, the coastal highway is expected to become one of Nigeria’s largest road infrastructure projects. GeographicReference

The government believes the road will serve as a catalyst for economic development by improving access to ports, facilitating interstate commerce and attracting investments to coastal communities.