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FEC Approves N758 Billion Bond to Clear Pension Arrears

The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to settle outstanding pension liabilities for federal pensioners across all categories. The approval, granted on the second day of the FEC meeting in Abuja, will allow the Debt Management Office (DMO) to raise funds to address pension arrears under the old Defined Benefit Scheme, which preceded the current contributory pension system introduced in 2004.
In addition to the pension bond, FEC also approved a €30 million concessional loan from the French Development Agency (AFD) aimed at improving student accommodation across Nigeria.
N203 Billion for Major FCT Infrastructure Projects
FEC further authorized N203.6 billion for six major infrastructure projects in the Federal Capital Territory (FCT). These projects, designed to improve road networks, water supply, and control erosion, are part of the government’s broader infrastructure development agenda. Notably, Minister of State for the FCT, Dr. Mariya Bunkure, revealed that one of the key projects includes the construction of access roads and erosion control in Kaura District, valued at N13.18 billion.
Plans to Finalize Lagos-Ibadan Expressway Project
As part of its infrastructure drive, FEC also discussed the ongoing Lagos-Ibadan Expressway project, valued at N213 billion. Minister of Works, Dave Umahi, emphasized that the government would take over any unfinished sections of the expressway by April, with a N30 billion allocation set to finalize the project.
Nationwide Road Contracts Approved
Additionally, FEC approved 14 major road contracts worth N242.148 billion across Nigeria. Among the approved projects are road constructions in several states, including the Agaye-Kachia-Baro Road in Niger State and the Kaduna-Jos Road in Kaduna and Plateau states.
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A Chat with Janet Odio Okolo: A Mother’s Journey Raising a Child with Down Syndrome

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Hon. Nnamchi Begins Street Lights Deployment In Isi Uzo(Photos)

Honourable Paul Sunday Nnamchi, representing Enugu East/Isi Uzo Federal Constituency in the 10th House of Representatives, has fulfilled his promise to illuminate communities in Isi Uzo Local Government Area.
The lawmaker has just begun the deployment of high-density solar-powered street lights in Ikem Nkwo, marking the beginning of a massive rollout of the street lamps across the communities in Isi Uzo.
This initiative, which started in Enugu East Local Government Area in 2024, aims to support the fight against insecurity in the state which according to him was to add to what Chief Security Officer of Enugu State Barrister Peter Mba had done to secure the state to attracts foreign investments.
The lawmaker expressed concern over banditry attacks, particularly by herdsmen, in some communities within Isi Uzo and Enugu East Local Government Areas in the recent pasts.
He believes that illuminating these areas with high-density street lights would help address the insecurity adding that he was prioritizing border and farming communities in Isi Uzo, where banditry has displaced residents and restricted farming activities.
Communities in Ikem, Eha-Amufu in Isi Uzo which borders Enugu and Benue State and Ugwogo-Nike in Enugu East have been vulnerable to these attacks due to their strategic locations.
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May Day: Kalu Hails Workers, Applauds Their Role in Nation Building

By Gloria Ikibah
Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, has extended warm wishes to Nigerian workers as the country marks the 2025 edition of International Workers’ Day.
Kalu praised workers across various sectors for their commitment and resilience, describing them as the engine that keeps the nation moving. He acknowledged their sacrifices and unrelenting drive, especially during tough economic times.
In his message, he highlighted the efforts of the current administration under President Bola Tinubu to improve the welfare of public servants. He referenced the National Assembly’s prompt backing of the new minimum wage as a sign of the government’s seriousness about workers’ wellbeing.
The Deputy Speaker appealed for continued patience and understanding from Nigerians, noting that the ongoing economic reforms, while challenging, are designed to bring long-term relief and prosperity.
Kalu also called for unity, and said the country can only overcome its present difficulties if citizens and leaders work together in good faith.
He therefore urged workers to keep the faith and remain steadfast in their duties, assuring them that brighter days are on the horizon, and wished Nigerian workers a peaceful and fulfilling May Day celebration.
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