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Dave Umahi: FG To Spend N400bn On Road Projects

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Road Projects Below N20bn Reserved For Indigenous Contractors

Dave Umahi: FG To Spend N400bn On Road Projects

Dave Umahi: FG to spend N400bn on road projects. The Federal Executive Council has approved major road contracts and project reviews worth over N400 billion.

The Federal Executive Council has approved major road contracts and project reviews worth over N400 billion to enhance road infrastructure nationwide.

‎Works minister Dave Umahi disclosed this while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja.

‎Mr Umahi said he presented 11 memos, nine of which were for review of inherited projects, while two were for new contract awards.

‎He said the council approved the award of the Lagos–Ibadan Expressway, phase two, section two, at a cost of N43 billion, to address failed portions and complete underpasses and ramps.

‎“We also got approval for the dualisation of Mushin–NNPC Junction–Papa Oshodi Expressway, which was reviewed from N11 billion to N19 billion due to cost differentials,” he said.

‎The minister added that the council approved the construction of Section Three of the Sokoto–Badagry Superhighway, covering 162.97 kilometres from Badagry through Ogun to the Oyo state border, at a cost of N3.39 billion per kilometre.

‎He said several ongoing projects inherited from previous administrations were reviewed for funding and design adjustments, including the Ilorin–Omu Aran–Egba road and the old Enugu–Onitsha road.

‎According to him, the 216-kilometre Ilorin–Omu Aran–Egba road has been phased, with 31 kilometres to be executed under Phase One at a cost of N43 billion. The remaining 184 kilometres will follow when funding improves.

‎He explained that the East–West Road project was redesigned to improve traffic flow and pavement strength, with Phase One maintained at N156 billion for dual carriageways and bridges.

‎Mr Umahi stated that several state governments had also taken over federal road projects within their jurisdictions to alleviate funding pressure and expedite delivery.

‎He announced the review of the Ota–Idi-Iroko road project in Ogun, which now features rigid concrete pavement and an additional bridge, bringing its cost from N38 billion to N52 billion.

Dave Umahi

Dave Umahi


‎The minister further stated that the FEC approved the rehabilitation of the Jos–Turunkun–Maraban–Jama’a road in Kaduna State for N30 billion, as well as the reconstruction of the Ijebu–Ibu Ete–Egba–Owena road in Ogun and Ondo States for N53 billion.

‎He reiterated the Tinubu administration’s commitment to concrete-based road construction for durability and cost efficiency.

‎“Our focus remains on delivering durable road infrastructure to support economic growth and ease of movement across the federation,” Mr Umahi said.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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