Connect with us

News

Diaspora Investors Decry Coastal Road Diversion that Jeopardizes Tinubu’s Renewed Hope Agenda

Published

on

A group of Nigerian investors in the diaspora has criticized the Ministry of Works for diverting the coastal road at Chainage 16-17, claiming the move endangers President Bola Ahmed Tinubu’s Renewed Hope agenda.

In a statement signed by Dr. Olubokun Basorun, Engr. Femi Adekoya, Dr. Kimberly Stark, and Dr. Arinze Onwumelu, the investors revealed that their $250 million real estate investment is now inaccessible and devalued due to the road diversion.

The investors have called on President Tinubu to intervene and hold the Minister of Works accountable for the diversion.

They are demanding that the Ministry of Works immediately restore the original alignment of the coastal road.

The diversion has raised questions about the government’s commitment to transparency and accountability, and the investors have vowed to continue demanding accountability and transparency from those in power.

“This investment, made in 2022, was intended to provide affordable housing and stimulate economic growth in Nigeria. Unfortunately, the project has faced significant delays due to the Ministry of Works’ decision to divert the coastal road.

“We have received credible reports indicating that under the leadership of Senator David Umahi, the Ministry has redirected the coastal road, thereby rendering these investment properties inaccessible and effectively worthless.

“This action represents a gross abuse of power and a betrayal of the trust placed in the Ministry by both the Federal Government, the president of Nigeria and the Nigerian people. We demand that the Ministry of Works immediately restore the original alignment of the coastal road.

“We call upon President Bola Ahmed Tinubu, known for his intellect and responsiveness, to intervene and hold the Minister of Works accountable. The President’s Renewed Hope Agenda emphasises infrastructure development, and such actions jeopardize this vision.

“The diversion of the coastal road exemplifies the impunity and abuse of power that have characterized the actions of certain government officials in Nigeria.

“Additionally, we would like to draw public attention to the court directive delivered on October 24, 2024, which states:

“”I will enjoin parties to respect the court processes and avoid engaging in any acts capable of foisting a fait accompli on the court or rendering the outcome of the case nugatory.”

“We will continue to demand accountability and transparency from those in power, ensuring that the rights of Nigerians, both at home and abroad, are protected,” they stated.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

2025: Senator Yar’Adua Rallies Nigerians for Unity, Growth, Security

Published

on

By

Abdulaziz Musa Yar’Adua

As Nigeria steps into 2025, Senator Abdulaziz Musa Yar’Adua has called on citizens to embrace hope, resilience, and collective purpose in shaping a stronger and more prosperous nation.

In his New Year message, the Chairman of the Senate Committee on Army and Northern Senators Forum expressed optimism about Nigeria’s future, pledging to advance policies focused on security, economic growth, and social welfare.

“This year offers us a renewed opportunity to build on past achievements and address lingering challenges,” Senator Yar’Adua said. “Our resilience as a people has brought us this far, and I am confident that together, we can overcome any obstacle.”

Senator Yar’Adua reaffirmed his commitment to strengthening national security—a core focus of his legislative efforts.

“As Chairman of the Senate Committee on Army, I will continue to advocate for strategies and reforms that empower our security agencies to safeguard lives and property across the country,” he assured.

He emphasized the importance of peace and stability as the foundation for economic development, urging stakeholders to collaborate in addressing insecurity and promoting lasting peace.
Highlighting the need for economic recovery and growth, the senator pledged to support policies that attract investments, create jobs, and promote entrepreneurship—especially among the youth.
“Our economic progress depends on creating opportunities for every Nigerian,” he stated. “We will continue to push for reforms that foster innovation, infrastructure development, and inclusive prosperity.”

Senator Yar’Adua called on Nigerians to rise above ethnic, religious, and political divisions, urging citizens to work together in building a united and progressive nation.

“Let us march into 2025 with optimism and a renewed sense of purpose,” he said. “Our diversity is our strength, and by standing together, we can achieve greater heights.”

Reiterating his dedication to public service, Senator Yar’Adua assured Nigerians that the Senate would prioritize legislations that improve governance, infrastructure, education, and healthcare.

“We are committed to policies that directly impact the lives of Nigerians, ensuring that no one is left behind in the journey to progress,” he added.

In conclusion, Senator Yar’Adua prayed for divine guidance and blessings for Nigeria in the year ahead.

“With hope, faith, and hard work, I believe 2025 will mark a turning point for our nation,” he declared. “Together, let’s build a Nigeria where peace, prosperity, and security reign.”

His remarkes resonated as a blueprint for national renewal, rallying Nigerians to face the future with confidence and unity.

Continue Reading

News

Peter Obi Pays Tribute to Former U.S. President Jimmy Carter, Honors His Impact on Africa

Published

on

By

Former presidential candidate and Labour Party leader, Peter Obi, has joined world leaders in mourning the death of former U.S. President Jimmy Carter, describing him as a beacon of service, compassion, and global humanitarianism.

In a statement released via his X-Handle on Monday, Obi reflected on Carter’s lifelong dedication to humanity, particularly his transformative interventions in public health and development across Africa.

“Today, the world mourns the passing of President Jimmy Carter of the United States of America, a leader whose life was a testament to service, humility, and an unwavering commitment to humanity,” Obi said.

He praised Carter’s groundbreaking efforts in combating diseases such as Guinea worm and river blindness through The Carter Center, which provided relief to vulnerable communities in Nigeria and other parts of Africa.

“President Carter’s relentless fight against diseases such as Guinea worm and river blindness will forever remain a milestone in global health advocacy. His work touched the lives of the most marginalized, proving that leadership is about compassion and impact,” Obi remarked.

Obi emphasized Carter’s legacy of empowering local systems and promoting sustainable development, noting that his efforts left a lasting imprint on Nigeria’s health sector.

“His initiatives brought hope and relief to countless Nigerians and empowered local systems to sustain progress,” Obi added.

Beyond health, Obi commended Carter’s firm belief in democracy, justice, and equality, values he championed worldwide.

“His commitment to democracy and justice resonated with freedom fighters across the globe. He stood as a pillar of hope for those fighting for fairness and equality,” Obi stated.

Offering prayers and condolences to Carter’s family and the people of the United States, Obi expressed gratitude for a life well-lived and dedicated to service.

“May he rest in peace, having fought the good fight and finished his race with grace,” Obi concluded.

President Jimmy Carter, who served as the 39th President of the United States from 1977 to 1981, became a symbol of humanitarian service through his post-presidency work. His Carter Center initiatives revolutionized public health interventions and promoted democracy worldwide, leaving a legacy of hope and transformation.

Continue Reading

News

Nigeria Seals Strategic Economic Partnerships with Saudi Arabia to Boost Trade, Agriculture, Infrastructure

Published

on

By

In a ground-breaking move to fortify economic ties, Nigeria has opened new frontiers of cooperation with Saudi Arabia, focusing on trade, agriculture, and infrastructure development.
The high-level visit to Riyadh, led by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, signals a bold step toward unlocking opportunities for sustainable growth.
Representing President Bola Ahmed Tinubu and the Presidential Economic Coordination Council (PECC), Edun spearheaded discussions with top Saudi financial and development institutions, laying the groundwork for transformative partnerships.
Director of information and public communication, Muhammed Manga in a statement, indicated that talks with the Saudi EXIM Bank explored strategies to enhance export credit, insurance frameworks, and broaden market access—key measures expected to boost trade volumes between the two nations.
According to him, further engagements with the Saudi Development Fund and the Saudi Agricultural and Livestock Investment Company (SALIC) delved into plans to scale up investments in infrastructure and agriculture.
SALIC reaffirmed its commitment to advancing food security and job creation in Nigeria, promising responsible investment practices that prioritize economic inclusion.
The delegation also held strategic discussions with Saudi ministers overseeing finance, energy, and economic planning, highlighting Nigeria’s resolve to attract foreign investment and accelerate growth across critical sectors.
Accompanied by Senator Abubakar Atiku Bagudu, Minister of Budget and National Planning; Mr. Wale Tinubu, Presidential Economic Coordination Council member; and other key officials, the delegation emphasized Nigeria’s readiness for deeper economic integration with Saudi Arabia.
As both nations chart a path toward expanded cooperation, this landmark engagement sets the stage for robust investments, job creation, and shared prosperity in the years ahead.

Continue Reading

Trending

Copyright © 2024 National Update