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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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Rep Push For Construction Of Additional Camps for NYSC Participants In States

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New Pope: Next Voting Begins 5.30pm As Second Ballot Ends With Black Smoke

By Kayode Sanni-Arewa
Catholic faithful and in deed the whole world are still waiting for a new pope as plumes of black smoke emanated from the roof of the Sistine Chapel in the Vatican earlier today as the voting by the conclave of Cardinals to elect a successor to the late Pope Francis ended without electing a new pope.
A muted roar went up from the faithful gathered at Rome’s St. Peter’s Square as soon as the black plume of smoke went up, with many consequently streaming out of the place to wait for the next voting round about 5.30pm Nigeria time.
White smoke from the chimney signals a new Pope has been elected.
The last conclave, which elected Francis in 2013, lasted two days and involved five ballots.
In 2005, when Pope Benedict XVI was chosen by the assembled cardinals, the process also lasted two days and took four ballots in total, while the conclave to elect John Paul II in 1978 took three days and eight ballots.
Of the modern conclaves, 10 since the beginning of the 20th century, the average length of time was three days and seven ballots.
Pope Francis died on April 21, 2025, Easter Monday, aged 88.
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2026 FIFA World Cup: Trump’s Cabinet warns soccer fans not to overstay their visa

By Kayode Sanni-Arewa
Members of President Donald Trump’s Cabinet have issued a warning to foreign visitors planning to attend the 2026 FIFA World Cup in the United States: Do not overstay your visas.
While the U.S. government says it welcomes fans from around the world to experience the incredible venues and vibrant American culture, officials are making it clear that all visitors must leave the country once their authorized stay ends.
In a video posted on the social media platform X (formerly Twitter), U.S. Vice President JD Vance stated that any visitors who overstay their visas will face action from the appropriate authorities.
“I know we will have visitors from close to 100 countries. We want them to come, we want them to celebrate, we want them to watch the games. But when the time is up, they will have to go home — otherwise, they’ll have to talk to the Secretary,” the Vice President said.
U.S. Secretary of Transportation also emphasized the importance of respecting visa rules, while encouraging visitors to explore more of the country during their stay:
“We’re going to encourage everyone to go on a road trip to celebrate our great country. So if you’re coming to see some soccer, go on a road trip and see America. Don’t overstay your visa. Don’t stay too long. But when you come, actually see this great country that we’re going to celebrate over the course of the next year.”
This warning appears to be directed, in part, at some football fans in Ghana who have publicly expressed intentions not to return home after attending the tournament in the U.S.
The 2026 FIFA World Cup, the premier international men’s football (soccer) tournament, will be co-hosted by the United States, Mexico, and Canada, with matches held in 16 cities across the three countries. It marks the first time three nations have jointly hosted a World Cup, and only the second time multiple countries have done so — the first being Japan and South Korea in 2002.
The 2026 tournament will also feature a historic expansion to 48 teams, up from the previous 32, making it the largest World Cup in history.
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