- All News
- November 4, 2024
- 18 views
FG plans local manufacturing of electric vehicles
The Federal Government through the National Automotive Design and Development Council has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to begin EV production locally. The NADDC Director-General/CEO, Joseph Osanipin, disclosed this information in an exclusive interview with The PUNCH,
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The Federal Government through the National Automotive Design and Development Council has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to begin EV production locally. The NADDC Director-General/CEO, Joseph Osanipin, disclosed this information in an exclusive interview with The PUNCH,
- All News
- November 4, 2024
- 26 views
Nigeria’s Bank of Industry under Olusi’s leadership: A year in review
As Nigeria grapples with economic challenges, institutions like Bank of Industry (BOI) play a critical role in providing funding for the private sector and fostering development. Development finance institutions (DFIs) are tasked with bridging these gaps through direct loans, on-lending, equity investments, and other mechanisms that encourage investment. Over the past year, Dr. Olasupo Olusi,
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As Nigeria grapples with economic challenges, institutions like Bank of Industry (BOI) play a critical role in providing funding for the private sector and fostering development. Development finance institutions (DFIs) are tasked with bridging these gaps through direct loans, on-lending, equity investments, and other mechanisms that encourage investment. Over the past year, Dr. Olasupo Olusi,
- All News
- November 4, 2024
- 19 views
Caverton mourns loss of non-executive director, Bashir Bakare
Caverton Offshore Support Group Plc has announced the passing of a non-Executive Director, Bashiru Bakare. This was contained in a statement sent to The PUNCH on Sunday. The company stated that Bakare passed after a brief illness, stressing that his death represents an immense loss to the entire company and everyone who had the privilege
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Caverton Offshore Support Group Plc has announced the passing of a non-Executive Director, Bashiru Bakare. This was contained in a statement sent to The PUNCH on Sunday. The company stated that Bakare passed after a brief illness, stressing that his death represents an immense loss to the entire company and everyone who had the privilege
- All News
- November 4, 2024
- 23 views
2024 India golf tourney tees off today
This year’s edition of the India Cup golf tournament hosted by the Indian Golfers Foundation will tee off on Monday (today) at the golf section of Ikoyi Club 1938 in Lagos. According to the chairman of the organising committee, Aby Matthew, the weeklong activities will start with a Caddies and Pros Day and followed up
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This year’s edition of the India Cup golf tournament hosted by the Indian Golfers Foundation will tee off on Monday (today) at the golf section of Ikoyi Club 1938 in Lagos. According to the chairman of the organising committee, Aby Matthew, the weeklong activities will start with a Caddies and Pros Day and followed up
- Sports
- November 3, 2024
- 23 views
Dessers Scores 8th Goal Of Season As Rangers Qualify For Scottish League Cup Final
Cyriel Dessers was on target as Rangers sealed their place in the Scottish League Cup final with a 2-1 come-from-behind victory over Motherwell at Hampden Park. It was Nedim Bajrami…
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- November 3, 2024
- 19 views
CAF mourns as Ugandan match official collapses, dies during game
The Confederation of African Football has expressed deep sadness over the sudden death of Uganda Premier League match official Peter Kabugo. According to a statement on Sunday via X, Kabugo tragically passed away after collapsing during a football league match at Wankulukuku Stadium in Uganda. CAF President Dr Patrice Motsepe conveyed his condolences to the
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The Confederation of African Football has expressed deep sadness over the sudden death of Uganda Premier League match official Peter Kabugo. According to a statement on Sunday via X, Kabugo tragically passed away after collapsing during a football league match at Wankulukuku Stadium in Uganda. CAF President Dr Patrice Motsepe conveyed his condolences to the
- All News
- November 3, 2024
- 35 views
Ondo poll: Aiyedatiwa, Ajayi clash over security votes, wages at debate
The two main candidates for Ondo State’s upcoming governorship election, Lucky Aiyedatiwa of the All Progressives Congress and Agboola Ajayi of the Peoples Democratic Party, faced off on Sunday in a debate organised by Channels Television in Akure. With the November 16 election just two weeks away, the candidates shared their plans for the state,
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The two main candidates for Ondo State’s upcoming governorship election, Lucky Aiyedatiwa of the All Progressives Congress and Agboola Ajayi of the Peoples Democratic Party, faced off on Sunday in a debate organised by Channels Television in Akure. With the November 16 election just two weeks away, the candidates shared their plans for the state,
- All News
- November 3, 2024
- 33 views
Tinubu succeeding where you failed, Presidency replies Atiku
The Presidency on Sunday criticised former Vice President Atiku Abubakar, who is advocating for gradual reforms rather than President Bola Tinubu’s direct approach. It argued that Atiku’s economic proposals would have worsened the country’s situation. “While advocating for gradual reforms may sound appealing, Tinubu took measures that should have been implemented decades ago by Alhaji
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The Presidency on Sunday criticised former Vice President Atiku Abubakar, who is advocating for gradual reforms rather than President Bola Tinubu’s direct approach. It argued that Atiku’s economic proposals would have worsened the country’s situation. “While advocating for gradual reforms may sound appealing, Tinubu took measures that should have been implemented decades ago by Alhaji
- Local News
- November 3, 2024
- 19 views
Police rescue two kidnap victims, recover 283 cows
Security operatives under the Kaduna Police Command have rescued two kidnapped victims in the State, as they recovered 283 suspected rustled cows and 20 sheep. The operatives also arrested five…
- All News
- November 3, 2024
- 66 views
Lagos-Calabar Highway: Nigerian Govt increases compensation to N18bn
The Federal Government has raised the compensation amount for property owners impacted by the construction of Section 1, Phase 1 of the Lagos-Calabar Coastal Highway. The compensation sum has been increased from the original N8 billion to approximately N18 billion. This was announced by the Minister of Works, Dave Umahi, at a stakeholders’ engagement regarding
Lagos-Calabar Highway: Nigerian Govt increases compensation to N18bn
The Federal Government has raised the compensation amount for property owners impacted by the construction of Section 1, Phase 1 of the Lagos-Calabar Coastal Highway.
The compensation sum has been increased from the original N8 billion to approximately N18 billion.
This was announced by the Minister of Works, Dave Umahi, at a stakeholders’ engagement regarding the ongoing construction of Phase 1, sections 1 and 2 of the Lagos-Calabar Coastal Highway on Sunday in Lagos.
According to the News Agency of Nigeria, NAN, this decision was made to ensure fair compensation for the affected citizens.
Umahi said: “The Federal Executive Council initially approved N8 billion for this corridor, but today we are hitting N18 billion, and this is just for section one.”
He stated that the compensation amounts were justified, determined by independent experts, and would be publicly disclosed along with property details to promote transparency.
Emphasising the government’s commitment to transparency, Umahi mentioned that half of the compensation has already been disbursed to the affected individuals.
The minister also promised to complete the compensation process within the next 10 days.
However, some stakeholders, including lawyers and valuation experts, voiced their dissatisfaction with the process.
They contended that the compensation was insufficient and that the procedures did not adhere to established standards.
A lawyer and valuation expert, Olusola Enitan, stated that the compensation did not meet the required standards.
He said, “Someone who had a home is now renting with no ability to replace what was taken from him.”
He referenced several Supreme Court rulings that support the right to fair compensation.
In response to these concerns, Umahi assured that the Federal Ministry of Works was operating within legal parameters and was willing to review any documents presented to expedite the compensation process.
Lagos-Calabar Highway: Nigerian Govt increases compensation to N18bn
