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South Africa. ![]() |
Coupled with rain, Lagos is not looking beautiful. ![]() |
Jokes aside, Lagos has been so dirty in recent times. Olusosun is eyesore. Those in charge are looking for scape goats. ![]() |
Audio government. ![]() |
Lagos State Governor Babajide Sanwo-Olu has directed an immediate scale-up of waste evacuation operations across the state following growing concerns over the accumulation of refuse in some areas.https://punchng.com/sanwo-olu-orders-immediate-evacuation-of-waste-across-lagos/
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Czechia vs South Africa 18 June, 2026 5:00 Pm. |
All those accusing GEJ, hope they rest now. ![]() |
After destruction of the land. ![]() |
Nlfpmod,can you imagine. ![]() |
The Federal Government has released about N2.68tn for the construction, rehabilitation and maintenance of roads and bridges across the country between 2023 and April 2026, findings by The PUNCH from the Open Treasury Portal have shown. The analysis, however, revealed a significant disparity between approved budgets and actual releases, with the government making provisions totalling N54.93tn for road-related projects within the period under review. The figures highlight both the growing emphasis on infrastructure development and the persistent financing constraints that continue to affect capital project execution in the country. The development also comes amid the ongoing Renewed Hope Media Tour organised by the Presidential Communications Team, designed to showcase projects being implemented under President Bola Tinubu’s Renewed Hope Agenda. Civil Society Groups March Against Insecurity and Economic Hardship in Lagos0:00 / 0:00 Data obtained from the Open Treasury Portal on Tuesday showed that road projects attracted a combined budgetary allocation of N2.53tn in 2023, out of which N631.51bn was released, representing an implementation rate of 24.95 per cent. The Treasury data, however, did not specify the road projects to which the funds were released and did not indicate whether the government’s four legacy highway projects formed part of the expenditure. A year-by-year breakdown showed that road construction projects received N280.14bn from a budget of N1.09tn during the year, while rehabilitation and repair works attracted N345.93bn from an allocation of N1.42tn. Road and bridge maintenance projects also received N5.44bn out of a total provision of N14.68bn. In 2024, the Federal Government increased its budgetary commitment to the sector, making provisions amounting to N9.39tn for road-related projects. However, actual releases stood at N784.60bn, representing 8.36 per cent of the approved amount. Road construction projects accounted for N383.74bn of the spending from an allocation of N5.05tn, while rehabilitation projects received N384.49bn from a budget of N4.32tn. The government also released N16.37bn for the maintenance of roads and bridges out of a total provision of N18.18bn. The trend continued in 2025, with the government budgeting N7.22tn for road construction and rehabilitation projects. Treasury records showed that N670.68bn had been released during the period, translating to an implementation rate of 9.29 per cent. Of the amount released, road construction projects received N269.75bn from an allocation of N3.42tn, while rehabilitation and repair projects attracted N400.94bn from a budget of N3.80tn. The 2026 figures indicate a sharp rise in budgetary provisions. As of April 2026, the government had earmarked N35.79tn for road construction, rehabilitation and maintenance projects, the highest within the four-year period. However, only N597.08bn had been released, representing 1.67 per cent of the approved budget. Specifically, road construction projects had a budgetary provision of N23.61tn, with releases amounting to N293.06bn. Similarly, rehabilitation and repair projects received N300.80bn from a total allocation of N12.03tn. Road and bridge maintenance projects had an allocation of N144.64bn, but only N3.22bn had been released as of the end of April. Treasury records show that N26.54bn was released in April alone, leaving an outstanding budget balance of N23.32tn yet to be funded. The data indicate that although substantial sums have been earmarked for road projects over the years, actual cash releases remain significantly lower than approved allocations, reflecting the financing constraints that often affect capital project implementation. Further analysis showed that road construction consistently attracted the largest allocations. Budgetary provisions rose from N1.09tn in 2023 to N23.61tn in 2026, reflecting the Federal Government’s increasing focus on large-scale highway projects. Road rehabilitation spending remained substantial throughout the period. Allocations increased from N1.42tn in 2023 to N12.03tn in 2026, suggesting a parallel effort to repair existing infrastructure. Maintenance received the smallest allocations but recorded the highest execution rate. In 2024, road and bridge maintenance achieved a 90.05 per cent implementation rate, compared to less than 10 per cent for construction and rehabilitation. Overall, the Federal Government budgeted N54.93tn for road-related projects between 2023 and April 2026 but released N2.68tn during the same period. The data also showed that while budgetary provisions expanded significantly over the years, the percentage of funds released declined. In 2023, about 25 per cent of the approved budget was released. This fell to 8.36 per cent in 2024 and 9.29 per cent in 2025. As of April 2026, only 1.67 per cent of the total budgetary provision had been released. The development comes amid the Federal Government’s renewed focus on infrastructure as a catalyst for economic growth. Several major road projects are currently underway across the country, including the Lagos-Calabar Coastal Highway, the Abuja-Kaduna-Zaria-Kano Road, the Sokoto-Badagry Super Highway and other strategic federal highways aimed at improving connectivity across Nigeria’s six geopolitical zones and stimulating economic activities. The Minister of Works, David Umahi, recently disclosed that the Federal Ministry of Works would prioritise the completion of major highways and the execution of four presidential legacy projects in its 2026 capital plan. According to the minister, the ministry inherited over 2,000 ongoing projects in 2023, many of which have been rolled over into subsequent budgets due to funding constraints. Umahi also told lawmakers during the defence of the ministry’s 2026 budget proposal that the Federal Government owed contractors about N2.2tn for certified works executed between 2024 and 2025, underscoring the financing challenges facing the road sector despite rising budgetary allocations. He added that only a fraction of expected capital releases had been made, forcing the ministry to re-scope and prioritise projects. The Open Treasury Portal, which tracks government revenues and expenditures, provides a snapshot of how much of the approved budgets for capital projects has translated into actual spending. Although the latest figures point to an unprecedented expansion in planned spending on road infrastructure, the challenge, analysts say, will be ensuring that budgetary commitments are backed by timely releases to deliver the intended benefits to Nigerians. https://punchng.com/fg-releases-barely-5-of-n54-93tn-three-year-road-budget/ |
Ghana vs Panama 18 June, 2026 12:00 AM. |
Defensive error by Senegal, 2-0 France. ![]() |
We know there is an agenda and they are fulfilling it. ![]() |
Nigeria is under siege, who is next. I pray God intervene. ![]() |
Hope these people are not planning, no Election. Lifu is a controversial judge. He should ask ABN judge. ![]() |
There is an existing appeal court judgement. With Lifu, his family will benefit some day. ![]() |
I thought it is N900 like one trap said. They are just waiting for elections, price will get to N1800. ![]() |
Nigeria’s crude oil exports fell by N1.75tn in the first quarter of 2026 despite a rise in global oil prices, data from the National Bureau of Statistics showed. The NBS, in its latest Foreign Trade in Goods Statistics report for Q1 2026, said crude oil exports declined to N11.20tn from N12.96tn recorded in the corresponding quarter of 2025. “Crude oil exports in Q1 2026 were valued at N11.20tn; the value decreased by 13.53 per cent from N12.96tn in Q1 2025 and increased by 15.45 per cent from N9.70tn in Q4 2025,” the bureau stated. The decline translates to a year-on-year loss of N1.75tn in crude export earnings, although crude receipts rose by N1.50tn compared with the fourth quarter of 2025. The data suggests that the rebound from the previous quarter was not strong enough to match the level recorded in early 2025. So This Happened (EP 258) Reviews NNPC’s Plans To Secure A $2 Billion Oil-backed Loan,... Crude oil remained Nigeria’s dominant export product during the period, but its weight in the country’s export basket weakened. The commodity accounted for 52.92 per cent of total exports in Q1 2026, down from 62.89 per cent in Q1 2025. This means crude oil still generated more than half of Nigeria’s export earnings, but its share fell by almost 10 percentage points within one year. Total exports rose to N21.17tn in Q1 2026 from N20.60tn in Q1 2025, representing a 2.77 per cent increase. This shows that overall export growth was not driven by crude oil but by stronger earnings from non-crude oil exports and other petroleum products. Non-crude oil exports rose to N9.97tn in Q1 2026 from N7.64tn in Q1 2025, while non-oil exports stood at N3.19tn. Other oil product exports also increased sharply to N6.78tn from N4.48tn, representing a 51.49 per cent rise. The report said, “Crude oil remained Nigeria’s major exported commodity in the first quarter of 2026, with a value of N11.20tn, representing 52.92 per cent of total exports.” Related News Dangote refinery slashes petrol gantry price by N75/litre Dangote unveils plans for Ondo industrial hub Oil drops to $83 after US-Iran accord The figures indicate that Nigeria’s export structure remained heavily dependent on petroleum, even as crude oil underperformed year-on-year. Mineral products accounted for N18.16tn, or 85.77 per cent of total exports, followed by products of the chemical and allied industries at N1.39tn, or 6.58 per cent. India was Nigeria’s biggest export destination in the quarter, receiving goods valued at N2.77tn, or 13.09 per cent of total exports. France followed with N1.97tn, the Netherlands with N1.95tn, Spain with N1.63tn, and the United States with N1.18tn. Together, the five countries accounted for 44.84 per cent of Nigeria’s total exports. Regionally, Europe was Nigeria’s largest export market, with goods valued at N7.93tn, or 37.44 per cent of total exports. Asia followed with N6.42tn, or 30.31 per cent, while Africa received N4.06tn, or 19.19 per cent. Despite the fall in crude earnings, Nigeria posted a stronger trade surplus of N7.55tn in Q1 2026, compared with N1.71tn in Q4 2025. The bureau attributed the improvement mainly to lower imports and higher crude oil exports on a quarter-on-quarter basis. Imports fell to N13.62tn in Q1 2026 from N16.64tn in Q1 2025 and N17.25tn in Q4 2025. The lower import bill helped strengthen the trade balance, even though crude earnings remained weaker than the level recorded a year earlier. The decline came despite rising international crude oil prices in March 2026, driven by escalating geopolitical tensions in the Middle East and concerns over disruptions to global oil supply routes. According to the US Energy Information Administration, Brent crude prices climbed sharply during the first quarter of 2026, crossing the $100 per barrel mark on March 12 and closing the quarter at around $118 per barrel after renewed military tensions in the Middle East and fears surrounding the Strait of Hormuz. The decline in crude oil export earnings further coincided with lower crude oil production in the first quarter of 2026, suggesting that weaker output may have offset the benefits of higher international oil prices during the period. The NBS, in its latest Gross Domestic Product report, noted, “The nation in the first quarter of 2026 recorded an average daily oil production of 1.55 million barrels per day (mbpd), lower than the daily average production of 1.62 mbpd recorded in the same quarter of 2025 and lower than the fourth quarter of 2025 production volume of 1.58 mbpd.” https://punchng.com/nigerias-crude-earnings-plunge-n1-75tn-despite-global-price-rally/ |
Another propaganda by APC, Dangote has been removing N75 day in day out. N900 ko N200 ni. ![]() |
The same way they scuttled June 12, ADC will be on ballot papers and win.Lufi has failed. Men never learn from history. ![]() |
Under Tinubu, things have gone worse, obas, army general are dying in kidnappers den.No one is safe. |
Another movie script. Truth will come out one day. |
Wike and Co think, they will have power forever. Tinubu should not destroy Nigeria for his selfish ends. We shall be here to laugh. ![]() |
France vs Senegal 16 June, 2026 20:00 j |
Nlfpmod, we can doctored again. No comment. ![]() |
Nigeria’s inflation rate rose to 15.93 per cent in May 2026. This marked the third consecutive monthly increase in the annual inflation rate as food prices continued to pressure household budgets despite a slowdown in the pace of monthly price increases.https://punchng.com/nigerias-inflation-rose-to-15-93-in-may-nbs/
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Atiku and Amaechi, the only option left. Congratulations in advance. ![]() |
When we talk, they ask us to bring head and leave neck. Tinubu is a failure, QED. Even with the present set up of security manned by one tribe. ![]() |
Atiku Abubakar is your next President. ![]() |
Let us see how it goes, another delay tactics. ![]() |
They tell you to tighten your belts, but loosen theirs. ![]() |
You are defending incompetent government of Tinubu because of personal gains. Don't worry. Life knows how to balance out. ![]() |
