₦airaland Forum

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Minister of Transport, Rotimi Amaechi, has disclosed that the Federal Government has committed the sum of $280 million for the $1.2 billion Kaduna-Kano rail project which is set to begin this month.

Amaechi disclosed this during a meeting with reporters as the project is part of 4 new rail projects which the FG recently commenced, according to Bloomberg.

“So far, the government has committed $280 million to the project and will soon provide a further $100 million,” Amaechi said.

The Minister added that the line would be partially funded by the FG and China.

Recall Nairametrics reported in March, that the Minister said the Federal Government is about to commence 4 new rail line projects in various parts of the country.

“The ones we are about to start include Ibadan to Kano, we are waiting for funds from China. We are about to start Port Harcourt to Maiduguri, we are waiting for the cabinet to approve consulting shares.

“That is why there may be a bit of adjustment in the pricing of Kano-Maradi because we have to adjust it to link up to Kano-Lagos so that it can terminate at Lagos seaport,” he stated.

https://nairametrics.com/2021/07/02/fg-has-committed-280-million-for-1-2-billion-kaduna-kano-rail-amaechi/

Leader of the Ilana Omo Oodua (IOO), Emeritus Prof. Banji Akintoye on Friday said there is no going back on the planned Yoruba Nation rally in Lagos on Saturday.

The Lagos State Commissioner of Police, Hakeem Odumosu had on Thursday warned secessionists to stay away from Lagos as no protest would be allowed in the state.

But the IOO said the rally would go on as planned and that it would be peaceful.

The group claimed to have written to Odumosu and copied Governor Babajide Sanwo-Olu to ensure that hoodlums did not hijack the protest.

A statement issued by its General Secretary, George Akinola and its legal adviser, Olasupo Ojo urged the police to make sure the protest was not hijacked.

“Our rally scheduled to hold on Saturday will still hold without any fear or intimidation and we promise to be peaceful like we have always been.

“We have been peaceful, orderly and lawful at everywhere we have visited, therefore, we call on the Lagos State Police Command to ensure that the rally is not hijacked by hoodlums.

“We are happy that the Police already know that hoodlums are likely to hijack the rally. Now, we call on the police to ensure such does not happen like it didn’t happen in Ekiti, Ondo, Osun, Oyo and Ogun States respectively where we’ve held our rallies,” the statement said.

According to IOO, It is the duty of the Police to safeguard “our peaceful demonstration and protect us. On our own part, we promise to cooperate with the police towards ensuring that the rally is peaceful and orderly.”

https://pmnewsnigeria.com/2021/07/02/akintoye-dares-police-no-going-back-on-lagos-rally/

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True

It's the season...

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We shall overcome FG's/Buhari's terrorism.........

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https://cdn.shopify.com/s/files/1/2266/5045/products/7554ce904fbc52c40eba798aaeef07d069f2eefa_460x.jpg?v=1617451895


https://www.youtube.com/watch?v=pCpua4dvUXs&t=1193s&ab_channel=n3ph3sh

Death is inevitable to us all.......so why worry?

The Indigenous People of Biafra, IPOB, has alleged that the Kenyan Government and President Uhuru Kenyetta betrayed Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, in order to get the N100 million bounty placed on him(Kanu) by a Coalition of Northern groups earlier in the month.

DAILY POST had reported that about seventeen Northern Groups under the aegis of Northern Consensus Movement, NCM, on Thursday declared Kanu wanted, accusing him of orchestrating the killings and destruction of property owned by Northerners in the Southeast.

The President of the group, Dr Auwal Abdullahi, while addressing a press conference, also placed a N100m bounty on Kanu.

Although the Federal Government of Nigeria has remained silent on the location of Nnamdi Kanu’s arrest, all indications show that he was intercepted by Kenyan authorities who detained him and subsequently handed him to the Nigerian government.

IPOB, however, believes that the Kenyan Government must be attracted by the monetary reward as announced by the Northern groups.

In a statement signed by Emma Powerful, the Publicity Secretary of IPOB, the group said, “We still don’t understand why Uhuru Kenyatta and some corrupt officials of his Government would prefer to betray Nnamdi Kanu and Biafrans?

“Is it because of Nigeria oil money? Is it because of the paltry N100 million bounty placed on Kanu’s head by some Northern charlatans?

“Why will President Uhuru Kenyetta sell our leader, Mazi Nnamdi to the evil hands of the Nigerian government?

“It is so shameful that Uhuru Kenyatta would belittle himself in a manner he has just done.”

https://dailypost.ng/2021/07/01/kenyan-govt-may-have-sold-nnamdi-kanu-for-n100m-oil-money-ipob/

We shall overcome FG's/Buhari's terrorism.........

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https://www.youtube.com/watch?v=pCpua4dvUXs&t=1193s&ab_channel=n3ph3sh

Death is inevitable to us all.......so why worry?

Gumi Bin Laden?

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Governor of Rivers State, Nyesom Wike says it is not enough for the Federal Government to arrest Nnamdi Kanu, while leaders of other notorious groups are roaming wild and free.

Kanu, leader of the proscribed Indigenous People Of Biafra (IPOB), was rearrested, brought back to Nigeria, and re-arraigned on Tuesday, June 29.

Speaking on the development, Governor Wike said for justice to be said to have prevailed, the Federal Government must ensure that the leaders of other groups that have been linked to killings and unrest must be arrested and made to face the law.

Wike who on Thursday was a guest on Channels Television’s Politics Today, said in the case of Kanu, due process must be followed so that justice may come full circle.

More details shortly.

https://www.channelstv.com/2021/07/01/nnamdi-kanu-fg-must-go-after-bandits-miyetti-allah-others-for-justice-to-prevail-wike/

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Na today?

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Yet the FG is paying foreign mercenaries?

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The country has collapsed.

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly told investors that the country’s currency is overvalued by 10%. The governor’s remarks, which have been confirmed by two unnamed sources, suggest that the central bank is planning to devalue the naira again.

As previously reported by Bitcoin.com News, in May 2021, authorities in Nigeria allowed the naira’s exchange rate against the US dollar to drop from a fixed rate of 381 per dollar to the current official rate of 410. This devaluation, which was the third one in less than 18 months, briefly narrowed the gap between the official and the parallel market rate. However, at the time of writing, this gap had widened again.

Nevertheless, as a Reuters report explains, the CBN chief is now expecting to see this gap shrink. According to the report, the governor said: “The spot naira rate of 410-412 per dollar would eventually weaken by 5% to 10%.” Weakening the naira by between 5% to 10% means the CBN is expecting the spot rate of the naira to fluctuate between 430 and 450. Still, this new CBN target remains below the current parallel market exchange rate of 500 for every dollar.

The report also touches on why Emefiele, who has previously defended the naira’s overvalued exchange rate, is now warming up to the idea of devaluing the local currency. According to the report, another devaluation of the naira may be linked to the World Bank’s call for the unification of Nigeria’s multiple exchange rates. The global lending institution reportedly wants to see “closer parity before the release of a much-needed $1.5 billion budget support loan.”

In addition to the World Bank’s demands, the CBN has faced increased pressure to devalue the naira by businesses that are failing to access the resource via the official channels. This, in turn, leaves the parallel market as their only source for foreign currency.

https://news.bitcoin.com/nigerian-currency-overvalued-by-10-says-central-bank-governor/

Spite or jealousy of middle class/rich people?

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Hmmm...

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PDP = APC = PDP

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What a pity....

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