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Fed Govt okays N350b to support dams, irrigation facilities, says minister
Budget and Economic Planning Minister Atiku Bagudu has said the Federal Government through the Renewed Hope Infrastructure Fund had approved over N350 billion to support dams and expand other facilities across Nigeria.
Bagudu said this while addressing reporters after condoling with former Economic and Financial Crimes Commission (EFCC) Chairman AbdulRasheed Bawa on the passing of his mother yesterday in Birnin Kebbi, the Kebbi State capital.
“The flooding is a dramatic change. It is a global challenge. We saw what happened in Borno, among other states. If you watch the footages coming from around the world, particularly in Europe, you will see a lot of flooding incidents.
“Climate change is real. Luckily enough, President Ahmed Bola Tinubu recognised it and took proactive steps, ensuring that money was given to states.
“A number of interventions have been approved by the President, in addition to numerous timely releases of Federal Allocation Account (FAC) money.
“The Federal Government allocated N3 billion to each state of the federation to mitigate the effects of flooding.
“Governor Nasiri Idris of Kebbi State has told me that the state has taken possession of its share of the fund.
“The Federal Government had, in the Federal Executive Council (FEC) last week, approved over N350 billion under the President’s Renewed Hope Infrastructure Fund to support dams and expansion of irrigation facilities,” he said.
Bagudu also said FEC had approved N900 billion for the Kebbi component of the Sokoto-Badagry Highway, saying: “It is the single biggest contract awarded under the current administration.”
According to him, there is another approval for the construction of Zaria-Kala-Kala road in Koko/Besse Local Government Area of the state.
The road, Bagudu said, joins other roads, particularly the awarded Melando–Warra in Birnin Yauri, Ngaski Local Government Area of the state.
“Kebbi is blessed. We are lucky that infrastructural projects, among other numerous interventions in agriculture, animal husbandry, hospitals, and schools, will complement the ongoing developmental projects taking place in the state,” he said.
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Just in :INEC announces date for Anambra governorship election
By Kayode Sanni-Arewa
The Independent National Electoral Commission (INEC) has fixed the date for the Anambra governorship election.
Addressing representatives of political parties at the INEC headquarters in Abuja on Thursday, October 17, INEC national chairman, Prof Mahmood Yakubu said the election will be held on Saturday 8th November 2025.
Hear him: “As you are aware, the last governorship election in Anambra State was held on 6th November 2021. By the effluxion of time, the governorship election is due next year.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
“In the coming weeks, the Commission will provide details of other electoral activities, including the registration of new voters, transfer of voters and the replacement of lost or damaged PVCs.
“The detailed Timetable and Schedule of Activities for the 2025 Anambra State Governorship election will be uploaded to our website and social media platforms before the end of this meeting.”
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Despite heavy hunger, World Bank Tells Nigerians Not To Oppose, Reverse Tinubu’s Economic Reforms
By Kayode Sanni-Arewa
Despite hunger, World Bank has urged Nigerians to support the ongoing economic reforms, warning that opposing or reversing them could have serious negative consequences for the country.
Speaking at the launch of the Nigeria Development Update (NDU) report in Abuja, the World Bank Country Director for Nigeria, Dr. Ndiame Diop, emphasized that while the reforms may be challenging, they are crucial for the nation’s long-term stability.
Dr. Diop cautioned that rolling back these reforms would be detrimental, saying, “Reversing the reforms would spell doom for Nigeria.”
In the same vein, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reiterated the importance of staying committed to the reforms. He stated, “Any effort that is not sustained will be a waste. Together with the Governor of the Central Bank of Nigeria and the Minister of Budget and National Planning, we’ve been discussing how to stay on course.”
Edun further explained that the government’s focus is on reducing inflation while ensuring investments flow into critical sectors such as industry, where jobs can be created. “We are prioritizing market pricing and sat down with labor unions to explain why we cannot afford to let this opportunity slip.”
On the removal of subsidies, Edun noted, “Every day without subsidies means more funds available for education, healthcare, and other essential expenditures.”
Also speaking, Central Bank Governor Mr. Olayemi Cardoso highlighted the importance of promoting exports in light of the exchange rate adjustments. “The moderation in the FX rate should make our goods more competitive for export and discourage the importation of unnecessary goods,” he said
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