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FEC Approves N109.187 Billion For Road, Hostel Contracts

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The Federal Executive Council, on Wednesday, approved contracts worth the sum of N109.187bn for roads and hostel renovation in four states. The Minister of Works and Housing, Babatunde Fashola, told State House reporters, that his ministry presented two memoranda to the council.



He said: “The first one was to aid the completion of the Enugu – Lokponta section of the Enugu – Port Harcourt highway, it was augmentation of existing contract by N25bn, the council approved that augmentation. “The second memorandum was the award of three different roads.

“The first is Dikwa-Marte-Mungunu road for N60. 273bn and the Numan road linking Borno and Adamawa for N15.527bn and the third is for Gombi-Biu linking Adamawa and Borno also for N7.643bn.” The Minister of Education, Adamu Adamu, said the FEC approved an agreement between the Kaduna Polytechnic and an investor to renovate 18 blocks of student hostels.


The Minister of Foreign Affairs, Geoffrey Onyeama, said Nigeria was trying to change its foreign policy direction to “reflect the reality of today and the reality of national interest”. He said the ministry had helped Nigerians to secure top positions at regional and continental organisations.

The contract, which is a 15-year concession at the cost of N744,264m, is under a Renovate, Operate, Maintain and Transfer arrangement. Adamu said: “There are 18 blocks of hostels and each room in a block will house four students. “The total number of students to be housed will be 4,032.”

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Dangote to test $90m power plant

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Plant commissioning will start this month and is expected to go fully online in November.

IN SUMMARY

  • The plant is expected to stop the use of imported coal besides ending diesel imports tax disputes with the government.
  • Plant commissioning will start this month and is expected to go fully online in November.
  • The company reported a decline in cement production for the first six months of this year and said it sold 526,000 tonnes of cement in the period, four per cent lower than the same period last year.
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Dangote Cement will this month do test runs for the $90 million gas-fired power plant in Mtwara, southern Tanzania, after months of delays occasioned by the Covid-19 pandemic.

The plant is expected to stop the use of imported coal besides ending diesel imports tax disputes with the government.

“Covid perturbations in India where the plant was conceived, equipment produced and engineering services located, delayed commissioning of the first turbine of our plant,” Albert Corcos, Dangote Tanzania country manager, told The EastAfrican.

Plant commissioning will start this month and is expected to go fully online in November.

The company reported a decline in cement production for the first six months of this year and said it sold 526,000 tonnes of cement in the period, four per cent lower than the same period last year.

Dangote is banking on the power plant to enhance the efficiency of its three million-metric tonne per annum capacity.

“We have had mechanical failures of some main equipment in the first four months of the year, and our maintenance to sustain reliability delayed because of the late delivery of material needed for the maintenance of our kiln,” said Mr Corcos.

Declining volumes

The firm’s total market for cement stood at about 2.7 million metric tonnes in the first six months of this year. Group sales volumes decline by 1.5 per cent to 12.1 million tonnes from 12.2 million.

During the six months, the company, Africa’s leading cement producer with nearly 48.6 million metric tonnes capacity, saw its revenues increase marginally by two per cent to $1.24 billion from $1.21 billion while its pre-tax profits increased by 4.7 per cent to $423.6 million from $404.4 million.

Pan-African sales of 4.7 million metric tonnes, a 0.7 per cent growth was due to lockdowns and restrictions across their operations. Total volume represents 39.1 per cent of the group’s volumes.

In Ethiopia where the market for cement was estimated at about 3.7 million metric tonnes in the first six months of this year, Dangote sold 1.1 million metric tonnes at its 2.5 million capacity plant, representing a 16 per cent increase year-on-year.

The company controls a market share of about 30 per cent in the country.

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Video: Watch Nollywood Actress, Joke Jigan Twerk To Megan Thee Stallion’s Savage

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Nollywood actress, Joke Jigan was sure in a good mood as she shows off her twerking skill to Megan Thee Stallion’s banger, “Savage”.

The award-winning actress in her revealing dress took to her Instagram page to show her stuff and revealed she’s the happiest at the moment.

She however disabled the comment section from wagging tongues. Posting the video below, she captioned, “The struggle is real… mood for the rest of this week!!!!! Am the happiest person on earth right now!!!!

 

 

 

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Nigeria Boko Haram: Governor says battle against militants being sabotaged

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A governor in north-east Nigeria has suggested efforts to defeat jihadist group Boko Haram are being undermined by elements of the security apparatus.

Borno State’s Babagana Zulum said President Muhammadu Buhari needed to know sabotage within the system was frustrating work to end the insurgency.

Babagana Zulum was speaking bluntly days after his heavily armed convoy suddenly had to flee a town near Lake Chad because of sustained gunfire.

The army blamed Boko Haram.

The governor suggested soldiers were behind it and once again used the word sabotage.

 

Babagana Zulum also questioned why the Nigerian army was stopping thousands of displaced people from returning home to their fields whilst soldiers were instead cultivating the land.

Governor Zulum is not the first person to essentially suggest that corruption within the military is prolonging the people’s suffering in north-east Nigeria.

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