General
Nigerians to Pay to Access Lagos-Calabar Coastal Highway From December
By Modupe Gbadeyanka
From December 2025, motorists will begin to pay to use the controversial Lagos-Calabar coastal highway currently under construction, the federal government has hinted.
The Minister of Works, Mr Dave Umahi, gave this hint in a feature interview for an upcoming State House documentary marking President Bola Tinubu’s second anniversary.
On May 29, 2023, Mr Tinubu took over from Mr Muhammadu Buhari, and began some reforms, which have been unpopular among Nigerians because of the pains they have been made to go through.
On the Lagos-Calabar Coastal Highway, the Minister revealed that over 80 per cent of Section 1—spanning 47.47 kilometres from Ahmadu Bello Way to the Lekki Deep Sea Port and terminating at Eleko Junction—had been completed, adding that work is also progressing on Section 2, which covers 55 kilometres from Eleko Junction to the Lagos-Ogun border.
“By December, we will toll Section 1 of the Lagos-Calabar Coastal Highway. We project a 10-year return on investment. The road has solar-powered lighting and CCTV infrastructure and offers carbon credit advantages.
“It is more than a road—it is an economic corridor and a catalyst for regional growth. We have completed 30 kilometres of Section 1 and are on track to complete an additional 10 in Section 2. These are six-lane, concrete-paved highways.
“Just days ago, we flagged off Sections 3 and 3B—65 kilometres in total—covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom. The host communities’ excitement speaks to these projects’ transformative impact,” he stated.
“God gave him the vision for the Lagos-Calabar Coastal Highway seven years ago. Today, he is actualising that vision. These projects testify to his unwavering commitment to national development and a better future for all Nigerians,” the former Governor of Ebonyi State added.
Giving an update on the Sokoto-Badagry Superhighway, Mr Umahi explained its historic significance, noting that the route was conceived during the Shehu Shagari administration over four decades ago.
“The Trans-Saharan Trade Route dates back to colonial-era planning. President Tinubu is now bringing these long-abandoned visions to life.”
He reaffirmed that the legacy projects are economically viable, environmentally sustainable, and forward-looking.
He also disclosed that all the governors in the Southeast region are supporting President Tinubu, urging the undecided, including the presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, to join the train.
He said the region was witnessing a new wave of federal attention and infrastructure development under his boss.
“The Igbo man is enterprising and blessed with God-given wisdom. What Ndi Igbo seek is fairness, Nigeria that treats every zone equally. That is what President Bola Ahmed Tinubu is doing.
“Before, when I was governor and deputy governor, one of our major concerns in Ebonyi State was the lack of federal presence. But today, nobody remembers that issue anymore. Under President Tinubu, at least four federal projects are ongoing in Ebonyi State,” he stated.
He noted that while cries of marginalisation used to dominate conversations in the South East, the current administration has made significant progress in addressing long-standing concerns about infrastructure and appointments.
“Today, the South East has a Minister of Works for the first time, and we’re seeing real projects—Port Harcourt to Enugu, Enugu to Abakaliki, Enugu to Onitsha, Onitsha to Owerri, and the Second Niger Bridge. The President has already paid 30 per cent of the cost of that bridge.
“All the governors in the South East, regardless of party affiliation, are working with the President. We’re even planning a summit to bring together all South-East leaders to endorse the President for the 2027 elections formally. We want our projects to be completed, the country’s unity to be strengthened and proper integration of Ndi Igbo,” Mr Umahi disclosed.
“Leadership is not about self—it’s about the people. If someone else is already doing what you would have done for your people, support him. I call on my brother, His Excellency Peter Obi, to join us and work with Mr. President.
“He must be part of this summit where we will collectively endorse President Tinubu for the 2027 election. I say it boldly: the South East is happy with the President”, he added.
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) has explained why it initiated a move to freeze the bank account of the Osun State government.
Earlier on Wednesday, the Governor of Osun State, Mr Ademola Adeleke, claimed that the anti-money laundering agency asked one of its bankers, First Bank, not to release funds to the state government.
According to the Governor, this was part of the strategies to frustrate his administration ahead of the August 15, 2026, governorship election in the state.
Reacting to the issue on Wednesday night, the EFCC, in a statement, said it has been investigating the state government since March 2026 over an alleged “fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) account to the tune of N11.0 billion.
The organisation noted that some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.
“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.
“The commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved,” parts of the statement said.
In the disclosure, the agency noted that its preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources, stressing that it cannot “watch idly while a state government’s account is being pillaged.”
“While the commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state. It will be uncharitable for the commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions,” it pointed out.
The EFCC disclosed that it is “keeping watch over the finances of other states like Osun State. Many of these states are on the investigative radar of the commission to ensure accountability and probity. The commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians. The Osun State government account was frozen to save public funds from being looted.”
The organisation urged the public “to ignore false narratives and deliberate demonisation of the works of the EFCC. The interests of all Nigerians are greater and will always be protected by the commission.”
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a mobile application designed to monitor fuel consumption patterns in real time across retail outlets nationwide.
The NMDPRA, established under the Petroleum Industry Act (PIA) 2021, is responsible for the technical and commercial regulation of Nigeria’s midstream and downstream petroleum operations. The deployment of the mobile application aligns with the authority’s broader efforts to leverage technology to improve regulatory compliance and strengthen accountability.
The pilot phase of the project began on August 1 in Abuja and its six Area Councils, the authority said in a statement published on X.
As part of the rollout, the Executive Director for Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, led a team alongside officials from the Abuja Regional Office to assess the readiness and operational performance of the digital platform at participating retail outlets.
According to the NMDPRA, the application captures inventory and compliance data in real time, enabling regulators to monitor fuel distribution more effectively while improving operational efficiency across the sector.
The authority said the platform would generate reliable, data-driven insights to support evidence-based decision-making, strengthen national energy security planning and enhance transparency in the downstream petroleum industry.
It added that the initiative is expected to provide significant value to government, investors, operators and other stakeholders by improving access to accurate fuel consumption and compliance data.
Nigeria’s downstream petroleum sector has undergone significant changes since the deregulation of the petrol market and the removal of fuel subsidies, with regulators placing greater emphasis on data-driven supervision to ensure product availability, prevent supply disruptions and discourage sharp regional disparities in distribution.
By Modupe Gbadeyanka
No doubt, moving money among African markets remains a slow, fragmented process that relies on multiple intermediaries and prolonged settlement cycles.
To solve this issue and drive the development of stablecoin-enabled payment services for businesses across the continent, Onafriq has joined forces with a leading stablecoin infrastructure provider, Privy.
The collaboration will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation allows. The initial phase focuses on cross-chain stablecoin transfers and treasury and settlement workflows, creating the foundation for future cross-border payment and liquidity solutions.
Integrating Privy’s secure infrastructure enables Onafriq to build the capabilities required to support a new generation of efficient digital payment services for banks, fintechs, and mobile money operators.
This partnership is a key component of Onafriq’s broader strategy to modernise pan-African payment infrastructure, enabling secure multi-modal wallets and more efficient movement of value across the continent.
The outcome will support a range of future institutional use cases, including stablecoin-enabled settlement, treasury management and liquidity services, as it reflects Onafriq’s commitment to driving Africa’s digital transformation agenda by investing in technologies that make financial services more efficient, connected and accessible.
It was gathered that Onafriq selected Privy for its enterprise-grade infrastructure to enable the seamless integration of digital asset wallet capabilities into its products, subject to regulatory approval, and deliver a simple user experience while abstracting the complexity of blockchain technology.
“At Onafriq, we keep investing in technology that makes payments faster and more accessible. Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks,” the Group Chief Product and Innovation Officer at Onafriq,” Mr Luke Kyohere, said.
The chief executive of Privy, Mr Henri Stern, said, “Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement. Working with Onafriq allows us to help build that foundation across Africa and beyond.”
