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FG Orders 37 Contractors To Deliver 260 Emergency Road Projects In 3 Months or…
…face termination
By Kayode Sanni-Arewa
The Federal Government has given about 37 contractors handling its 260 emergency road projects across the country three months to deliver, threatening failure to meet the deadline will result in contract termination.
Most of the defaulting contractors are handling emergency road projects in Yobe, Jigawa, Zamfara, Benue, Kogi, Abia, Anambra, Imo, Akwa Ibom, Bayelsa, Cross River and Rivers States.
It also reiterated it was not obligatory to pay mobilisation fees to contractors for emergency road projects.
The Minister of Works, David Umahi, stated these on Monday during a meeting with the contractors in his office.
In a statement by his Special Adviser on Media, Uchenna Orji, the Minister explained that this action became necessary because the Renewed Hope emergency road projects were funded through the 2023 Supplementary Budget to provide immediate intervention on critical, completely failed Federal roads nationwide.
Noting that the goal was to restore the serviceability of these roads, the Minister complained that the 37 contractors have made little to no progress since being awarded the contracts while warning that they must mobilize effectively to the site by Wednesday, July 10, 2024, or face contract termination.
“If after the deadline for mobilization to the site, any contractor fails to comply, the job shall be terminated by effluxion of time as the contract is for a time limit of 3 months.
“Any contractor whose job has stayed for more than 3 months without completion after the issuance of award letter must seek and obtain approval for extension of time from the Federal Ministry of Works,” he said.
The Minister warned the defaulting contractors that the projects awarded to them must be delivered within three months, adding that no excuse, including security challenges or lack of mobilization funds, will justify the delays causing road users to suffer.
He asserted that contractors that failed to meet the deadline will be blacklisted for hindering the Renewed Hope administration’s efforts to revolutionize road infrastructure for Nigeria’s economic prosperity.
He said: “The people are suffering, the President is having sleepless nights in his efforts to fix our road infrastructure to help our economy, and people will be given jobs and they are telling us stories.
“There have been jobs awarded by this Ministry in the past and money paid, and the contractors would hold the money, and they would say it’s a security problem
“Didn’t you know about the security situation before you got the job?”
Regarding mobilization fees, the Minister stated that under the Standard Conditions of Contract, mobilization funding is not a prerequisite for contractors to begin work on-site.
According to him, it is at the Ministry’s discretion and will only be provided to contractors who commit, through an affidavit, to complete the job within three months of mobilization.
“Our new policy is that if you want mobilization and we are happy to give you, you will abide by the conditions. One is that there will be no review of any component of the mobilization given.
“Two, we will give you 30% and you will do 30% of the work before we can give you another money. So please, mobilization is not compulsory. Is that clear? Again, emergency projects are not mobilized.
“The rule is that in emergency projects, you will go and do it 100%, and then you submit your papers.
“We now pay you 80% and send your documents to BPP. When they approve, we pay you the balance of 20%,” he noted.
The Minister also directed the Federal Controllers of Works to ensure proper supervision of projects in their sites and be abreast with the contract awarded, amount, date of award, timeline, review date, extension of time, argumentation granted and whether the contractor is on site.
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FEC approves ₦47.9tn 2025 budget
By Kayode Sanni-Arewa
The Federal Executive Council, FEC, has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year.
Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu.
This was part of the Medium-Term Expenditures Framework, MTEF, for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.
“And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded.
“The budget size that was approved for presentation to the National Assembly in the MTEP is ₦47.9 trillion, with new borrowings of ₦9.2 trillion to finance the budget deficit in 2025,” Bagudu said.
“We need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate, and to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the petroleum industry act 2021 to address the significant risk to Federation.
“The Federal Executive Council approved the Medium Term Expenditure Framework and the physical strategy paper, and it will be submitted to the National Assembly.
“This is in addition to bills that are already at the National Assembly, the economic stabilization bills and tax reform bills, which we believe we will have a very, very strong growth in 2025.”
During the meeting, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.
The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, an exchange rate of $75 to the naira, and oil production of 2.06 million barrels per day. [Channels TV]
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Nigeria to get 6,000 power generation by December-Power Minister vows
By Kayode Sanni-Arewa
The Minister of Power, Adebayo Adelabu, has expressed his unwavering optimism that the government will successfully meet its ambitious target of generating 6,000 megawatts of electricity by December 2024, despite the numerous challenges currently affecting the power sector.
The Special Adviser on Strategic Communication and Media Relations, Bolaji Tunji, conveyed this assurance at the fourth edition of the Power Correspondents Association of Nigeria’s annual workshop, themed “Ending the Talk, Moving the Action,” held on Thursday in Abuja.
Nigeria’s power generation currently ranges between 3,500 and 4,000 MW for a population of approximately 200 million people. For instance, on Thursday, the country’s power generation was 3,556.38 MW as of 8 am.
Earlier this year, Adelabu pledged that power generation in Nigeria would reach 6,000 MW by the end of the year, citing improvements in the sector over the past year.
However, the frequent collapse of the nation’s electricity grid and the vandalisation of towers have raised concerns about the stability of the Nigerian Electricity Supply Industry and its ability to achieve the target.
In his goodwill address, the Special Adviser emphasised that the minister’s primary focus remains on achieving the goal of increasing generation and ensuring its efficient distribution to consumers.
Tunji said, “The minister aims to achieve what seems to be an intractable goal—improving generation and ensuring that what is generated reaches the final consumers. There are challenges, but they are surmountable.
“The minister has promised that by December this year, we will reach 6,000 megawatts; yes, we still hope to get there.
“We are confident that we will get there, but we are aware of the current issues with grid collapse. Efforts are being made to resolve these problems. Day and night, teams are being dispatched to address the various issues, and we remain hopeful that we will achieve the 6,000 MW target by December.”
The Director of Renewable Energy, Sunday Owolabi, also reiterated that the government is committed to ensuring 24-hour power supply for Nigerians.
Owolabi, another representative of the minister, stressed that the government’s policies are focused on resolving the challenges facing the country’s electricity transmission, distribution, and generation sub-sectors.
“We are fully committed to transforming the country’s power sector. We are focused on ensuring that our policies are practical and sustainable. We are resolute in ensuring power supply for every Nigerian.
“The government remains fully committed to transforming Nigeria’s power sector through meaningful and actionable reforms.
“We are focused on ensuring that our policies are not only visionary but also practical, impactful, and sustainable. From the ongoing efforts to address infrastructure gaps, enhance power generation, and improve transmission networks, to vital reforms in distribution and the full implementation of the electricity market, we are resolute in our mission to improve power supply for every Nigerian.”
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