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The Federal Capital Territory (FCT) Administration, led by Mr Nyesom Wike, emphasizes the importance of developing satellite towns in ensuring balanced progress and development in the region. Inaugurating the Mandate Secretaries, Wike highlighted the need for transparency, efficiency, and accountability in addressing key issues affecting service delivery. The focus on Internally Generated Revenue and comprehensive public transportation showcases the administration's commitment to transforming the FCT into a world-class city.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has emphasized the importance of developing satellite towns in the FCT. During the inauguration of Mandate Secretaries for the FCT Administration, he highlighted the need for progress and development beyond the city center. With a focus on transparency, efficiency, and accountability, the FCT Administration aims to achieve a world-class capital city.
The Nigerian Minister of Interior has announced that 55,000 of the delayed passports have been issued, with more backlogs to be cleared soon. Nigerians can expect to receive their passports within two weeks of application.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has emphasized the importance of developing satellite towns in the FCT. In his address during the inauguration of Mandate Secretaries for the FCT Administration, Wike highlighted the need for progress and development beyond the city center. The secretaries were urged to address various challenges, including procurement processes, public transportation, environment, education, agriculture, health, and tourism. The minister also emphasized the strict enforcement of the Abuja master plan and the strengthening of relevant laws to ensure the FCT's sustainable development.
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed his determination to investigate the recent garnishee order of over $600 million against the FCTA. He pledged to ensure that such occurrences do not happen again while emphasizing the need for transparency and accountability in his administration. The minister also urged the newly sworn-in mandate secretaries to work together, communicate, and support each other to overcome challenges and achieve their goals.
The recently launched Lagos Metro holds the promise of alleviating the legendary traffic congestion in Africa's largest city. After four decades in the making, this new transportation system will provide a much-needed respite for commuters. Find out more about how the Lagos Metro aims to revolutionize transportation in Nigeria.
Unity Bank Plc, a retail lender in Nigeria, is determined to prioritize recapitalization and asset creation in response to the prevailing foreign exchange revaluation in the financial system. The bank's Managing Director, Tomi Somefun, acknowledged the disruptions and impact on the bank's financial positions due to the depreciation of the Naira currency. However, she expressed optimism about the positive economic outcomes of government policies in the near future. Unity Bank Plc aims to bolster its asset creation, liability generation, and business growth while focusing on process automation, cost efficiency, and value chain relationships.
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has warned contractors handling the rehabilitation of 135 roads in Abuja against contract variations. Wike emphasized that variations would not be accepted in the projects and assured the contractors of timely payment to facilitate completion within the agreed timeframe.
The Nigerian Postal Services (NIPOST) has experienced a significant decline in revenue over the past three years, with turnover dropping by 43.8% between 2019 and 2022. The National Bureau of Statistics (NBS) released data showing that NIPOST generated only N3 billion in 2022, compared to a five-year high of N5.37 billion in 2019. This decline in revenue can be attributed to a decrease in the number of post offices, postal agencies, and boxes installed, as well as increased reliance on charges from private courier operations.
PHED has begun the Global Token Identifier Rollover (TID) for prepaid meters in its franchise area. This initiative is in line with the directive of the Nigerian Electricity Regulatory Commission (NERC). The upgrade involves implementing a standard transfer specification code with key change tokens to ensure seamless meter functionality.
The Nigeria Electricity Regulatory Commission (NERC) has introduced a power outage reporting system through an app to tackle customer complaints and power disruptions. The app aims to monitor and ensure compliance with set tariffs by distribution companies (DisCos). NERC's chairman, Sanusi Garba, highlighted that the app aligns with the commission's mandate of protecting consumer rights and establishes timelines for DisCos to address customer complaints. The app will also aid in the nationwide installation of smart meters for accurate and real-time data.
The Nigeria Customs Service (NCS) has suspended two commercial banks for failing to remit import duties and other statutory charges. The banks, whose names were not disclosed, were unable to meet the Service-Level Agreements (SLAs) set by the NCS. The suspension, aimed at ensuring transparency and efficiency in revenue collection, involves a substantial sum of over N10 billion. Importers are urged to use authorized dealer banks that comply with NCS regulations.
Anambra State Governor, Prof. Charles Soludo, has revealed plans to demolish properties in the state capital, Awka, in a bid to build a state capital that will make its residents proud. Soludo also highlighted the intention to construct a flyover across the highway in Awka and reiterated his commitment to building sustainable human capital development. He urged the youth to work hard and take advantage of training programs to secure a promising future.
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The Federal Government has promised to create a favorable working environment for the Nigerian Shippers' Council (NSC) in order to enhance the timely disposal of overtime cargoes and improve service delivery at the country's ports. The Minister of Marine and Blue Economy, Adegboyega Oyetola, made this known during his recent visit to the NSC Headquarters in Lagos. Oyetola also acknowledged the significant contributions of the council and expressed his commitment to addressing the challenges faced by the maritime sector.
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