General
Ambode To Construct More 288 Roads
By Dipo Olowookere
Governor Akinwunmi Ambode of Lagos State has asked local council bosses in the state to submit to him more 288 roads in their localities for construction.
This is coming barely 48 hours after Mr Ambode commissioned 114 newly constructed roads across the state.
The Governor on Tuesday warned residents to resist the temptation to convert any of the newly constructed roads to venue for commercial purposes or parking lot for abandoned vehicles.
Speaking through his representatives at the various locations, Mr Ambode said that conversion of the roads to other uses other than for motorists would reduce its life span.
At the commissioning of Seriki Kemberi Road and Alhaji Rasak Street in Iba LCDA, the Governor was represented by Mr Oladele Adekanye, a member of the Lagos State House of Assembly and Apostle Alexander Bamgbola, the President of the Christian Association of Nigeria (CAN), Lagos Chapter.
He lamented that some landlords in the state do not set aside space within their structures for parking, saying “rather, they ask their tenants to park on the road.
“Allowing heavy static load on the road will reduce the life span of the road. Good roads embellish the community. It would reduce flooding and residents would be able to live comfortably.”
Likewise, at the commissioning of Ojediran Shopitan and Taiwo Molajo streets both in Ikorodu West LCDA, Governor Ambode said illegal breaking of roads, usage as automobile workshop, as well as refuse dump, must stop henceforth on the new roads.
The Governor, who was represented by Asiwaju Olorunfunmi Bashorun at the commissioning of Ojediran Shopitan Street, noted that his government would not relent on its promise of an all inclusive government, boosting economic activities in the state, as well as guaranteeing safety of lives and properties of residents.
At Taiwo Molajo Street, member of the House of Assembly, Hon Abiodun Tobun who represented the Governor, urged residents to protect public utilities in their neighbourhood.
In Igando/Ikotun LCDA, the governor represented by Oba Onilado of Ilado, HRH Oba Mobadenle Oyekan, handed over newly constructed Osunba Street, near the Igando market in Alimosho area of the state.
Also commissioned in Igando/Ikotun LCDA by the Governor, represented by Oba Lasisi Gbadamosi of Igando, was Balogun Olanrewaju Road in Central Igando.
Sole Administrator of Igando/Ikotun LCDA, Mr Samuel Ajayi at the event, revealed that Governor Ambode had directed the 57 councils to submit 288 additional roads (four from each council) for construction consideration from 2017.
Mr Ajayi confirmed the receipt of a directive from Governor Ambode to submit four new roads for construction, a development he described as unprecedented in the history of Lagos.
At the commissioning of Apa Palace Road and Kweme Road both in Badagry West LCDA, Governor Ambode urged all stakeholders in the communities across the State to cultivate the habit of timely reportage of suspicious movement around them to security agencies to nip in the bud any potential security situation.
He said there was great need for community leaders to assist security agencies to address the menace of cultism, kidnapping, miscreants, vandalism and hoodlums by providing timely information.
Speaking through the Alapa of Apa Kingdom, HRM Oba Oyekan Adekanmi Ajose and a member of the Lagos State House of Assembly representing Badagry Constituency I, Mr Olanrewaju Layode, Governor Ambode said the 114 roads initiative was in fulfilment of the social pact which he signed with the people during the electioneering and his inaugural speech of running a system in which the “greatest good shall reach the greater majority of the people.”
In Eti-Osa Local Government Area, the Governor who was represented by his Special Adviser on Sports, Mr Deji Tinubu, commissioned Ologolo Road, while Hon. Tajudeen Olusi did likewise at the Oba Elegushi Road, Ilasan.
Commissioner for Local Government and Community Affairs, Hon. Muslim Folami who represented Governor Ambode at the commissioning of Oribanwa to Lakowe Link Road in Ibeju Lekki Local Government said the 114 roads was a phenomenal achievement in the history of Lagos State.
At the handover of Iberekodo Road in Eleko, also in Ibeju Lekki, Governor Ambode who spoke through a member of the House of Representatives, Hon. Abdulkabir Aiyeola urged residents to ensure that the infrastructure stands the test of time.
Deputy Speaker of the House of Assembly, Hon. Wasiu Eshinlokun and Chairman, Health Service Commission, Dr. Bayo Adeniyi who both represented Governor Ambode at the commissioning of Thomas Street and Evans Street, both in Lagos Island East Local Government respectively said the roads more roads in the area would be given a facelift next year.
Governor Ambode also inaugurated Coker/Lafenwa Street and Ifoshi/Fadu Street in Ejigbo LCDA, and was represented by Professor Tunde Samuel, a former Special Adviser on Education and Kehinde Bamigbetan, his Special Adviser on Communities and Communication.
Similarly, the Governor also commissioned Balogun Street, Kuje and Dillion Street, both in Oriade LCDA and Omoalade Alafia and Oloruntoyin/Jebina Streets in Bariga Local Government, where he was represented by Alhaja Ali Ogundeji, Chairman, Ojo Community Development Council, Commissioner for Finance, Dr. Mustapha Akinkunmi, member House of Assembly, Hon. Rotimi Abiru and Mr Sanya Ajayi respectively.
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
By Adedapo Adesanya
The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has inaugurated a new board for the Agricultural Credit Guarantee Scheme Fund (ACGSF) with a renewed push to expand agricultural lending through technology, innovation and deeper financial inclusion.
Speaking at the inauguration in Abuja, Mr Cardoso said the scheme, established in 1977, remains a critical instrument for de-risking credit to farmers nationwide.
“The ACGSF has demonstrated enormous value in supporting Nigeria’s food system. With repayment rates consistently between 90 and 98 percent, it is clear that farmers can deliver when given access to credit,” he said.
The CBN Governor stressed the need for a more modernised approach to agricultural finance.
“We must scale up innovation, deepen inclusion and deploy technology to ensure that more farmers, especially women and youth, can benefit from this scheme,” Mr Cardoso stated, charging the new board to strengthen collaboration with financial institutions while ensuring real-time tracking and monitoring of loans to improve productivity and safeguard the fund’s integrity.
The newly inaugurated Board is chaired by Dr Olusegun Oshin, with members including Professor Murtala Sabo Sagagi, Dr Nneka Onyeali-Ikpe, Mr Frank Satumari Kudla, Ms Olusola Sowemimo, Ms Adetoun Abbi-Olaniyan and Mr Wondi Philip Ndanusa.
Mr Cardoso expressed confidence in the team’s ability to reposition agricultural credit delivery.
“This Board comes at a crucial time. We expect stronger oversight, improved efficiency and a renewed focus on rural livelihoods,” he said.
According to a statement from the apex bank, Deputy Governors, Directors and senior officials of the bank were present at the ceremony.
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