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Nigerian govt signs MoUs, contracts for eight major road projects nationwide

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The Federal Government has signed Memoranda of Understanding and contract agreements for eight major road projects across the country.

The signing ceremony, which took place at the Ministry of Works headquarters in Abuja, brought together government officials, contractors, and stakeholders in what has been described as another milestone in President Bola Tinubu’s drive to modernise Nigeria’s road infrastructure and strengthen the economy through strategic investments.

Speaking during the ceremony, the Minister of Works, Engr. David Umahi, described the projects as part of the growing legacy of President Tinubu’s administration.

“Today is another event that adds to the great work that President Bola Tinubu is doing,” Umahi said.

The minister revealed that the Federal Government has already procured the first 123-kilometre single carriageway of the Calabar-Ebonyi-Abuja Super Highway, stretching from Calabar through Ebonyi State to the Benue border.

According to him, the newly signed section covers another 173 kilometres through Benue, Kogi, and Nasarawa states, ending at the Oweto Bridge.

He further disclosed that the government would soon procure the second carriageway of about 300 kilometres from Ndibe Beach to Oweto in Nasarawa State.

Umahi said the project would significantly reduce travel time between the South-East and Abuja while boosting economic activities in the region.

“I want to say this without any apology: the South-East people will reciprocate what the President has done for them. What happened in 2023 was an accident of history, and in 2027, we will show our appreciation,” he stated.

“I was a governor, I was a deputy governor, and we never witnessed Federal Government projects in the South-East. But Today, we may not be the first, second, or third, but definitely we are not the last.”

“So, we are very proud of what the President is doing in the entire South-East, and I pledge on behalf of the entire South-East that we are going to reciprocate because, with this project, from any part of the South-East, you can get to Abuja in three to four hours. And this is a plus for our commercial activities.”

The minister noted that five companies competed for the project before INFOUEST emerged successful, adding that the same transparent procurement process was adopted for the Sokoto-Badagry Super Highway project.

Umahi also spoke on the progress of the Lagos-Calabar Coastal Highway, saying the project had moved from scepticism to national admiration.

“When we started the 750km coastal highway, people did not believe it would become a reality. Some who knew it would become a reality, out of envy and jealousy, started criticising the project,” he said.

“But Today, the entire country is waving flags for President Bola Tinubu because that project is a beauty to behold. It is an economic catalyst for the nation.”

According to him, by November, motorists will be able to travel from Ahmadu Bello Way in Lagos through Sections One, Two, and part of Section Four to Ondo State on completed portions of the road.

He added that Sections 3A and 3B in Cross River and Akwa Ibom states are ongoing, while Section Five, covering 165.6 kilometres, has also commenced.

Describing the coastal highway as more than a road project, Umahi said it was a long-term national investment designed to last for decades.

“This is not just a road project. I have always said that this is an investment that the President is making, and this is a road that is going to last for another hundred years with little or no maintenance,” he said.

He commended HITEC Construction Company for what he described as speed, capacity, and commitment to delivery, noting that the company has built a reputation for constructing up to one kilometre of road daily.

Umahi also explained that the cost of the projects includes extensive drainage systems, reinforced pavement, concrete works, and other durable engineering components.

“And for those asking about the cost per kilometre, we are talking about an average of N7.5 billion per kilometre for a standard carriageway,” he explained.

“But this one even comes with a lot of road architecture. You see the concrete poles, the drainage, the culverts, the reinforcement, and the pavement. So, it is not just a road. This is an investment.”

The minister further revealed that investors are already showing strong interest in the completed sections of the Lagos-Calabar Coastal Highway.

“Just like Section One in Lagos, a lot of investors are already asking to be given the section to toll and return our money even before they start tolling,” Umahi disclosed.

“So, it is an investment, and it is only a person like President Bola Tinubu that can do this.”

On the Sokoto-Badagry Super Highway, Umahi said Section IV, covering the Oyo axis, spans 360 kilometres, explaining that the project demonstrates the government’s determination to spread development across all geopolitical zones.

“The President is President for the entire country. His four legacy projects are spread across the six geopolitical zones,” he said.

He also highlighted progress on the Akwanga-Jos-Bauchi-Gombe-Biu-Maiduguri Road project, explaining that President Tinubu insisted on changing the original asphalt design to concrete pavement to ensure durability.

“The President said, ‘No, we want to do a concrete road so that when we build it, it will last for a hundred years,’” Umahi stated.

The minister said the Federal Government would provide 30 percent counterpart funding for the projects, while 70 percent would be sourced through loans. He added that tolling and strategic land acquisition along the roads would ensure long-term returns on investment.

This was contained in a statement issued on Friday by the minister’s Senior Special Assistant on Media, Francis Nwaze, and made available to journalists in Abakaliki.

“We neither review timing nor rates. The moment we sign, as we have done now, that is the end of the matter,” he said.

The four major legacy project sections signed include the Calabar-Ebonyi-Abuja Super Highway, Section II: Ebonyi State Border–Benue–Kogi–Nasarawa states; Sokoto-Badagry Super Highway, Section IV: Oyo State; Lagos-Calabar Coastal Highway, Section V: Akwa Ibom State; and the dualisation of the Akwanga-Jos-Bauchi-Gombe-Biu-Maiduguri Road, Section II: Gombe–Biu.

Other projects signed include the reconstruction of the Mando (Kaduna)–Birnin Gwari Road in Kaduna State by Messrs J. Patel and Sons Nigeria Limited; dualisation of the Ibadan–Ijebu Ode Road in Oyo and Ogun states by Messrs JRB Construction Company Limited; construction of the Osogbo–Ikirun–Akoda Road in Osun State by Messrs Truecrete Solutions Limited; and construction of the Osogbo–Iwo–Ibadan Road in Osun and Oyo states by Messrs Peculiar Ultimate Concerns Limited.

Earlier in his remarks, the Permanent Secretary of the ministry, Mr. Rafiu Olarinre Adeladan, described the signing ceremony as the successful conclusion of the procurement process and the formal commencement of project implementation.

Responding on behalf of the contractors, the Chief Executive Officer of HITEC Construction Company, Dany Abboud, assured the Federal Government of timely delivery and quality execution.

“Our commitment is always on the table. We are committed to delivering these jobs before the thirty-six months awarded.

“We also commit to delivering a standard even better than what we achieved on Coastal Highway Section One,” Abboud said.

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Nursing Mother Arrested in Plateau With 302 AK-47 Bullets Sentenced to 20 Years in Jail

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A Federal High Court in Abuja has sentenced a woman, Halima Haliru Umar, to 20 years imprisonment following her conviction on the offences of unlawful possession of 302 rounds of AK-47 live ammunition and attempt to render support for the commission of acts of terrorism.

The convict had, during her arraignment on March 11, pleaded guilty to two counts contained in a four-count charge brought against her by the Department of State Services (DSS), which arrested her in Plateau State.

The facts of the offences charged in counts three and four, to which she pleaded guilty, were reviewed after her arraignment, following which Justice Hauwa Yilwa adjourned for judgment in relation to the two counts that she admitted.

In her judgment on Friday, Justice Yilwa noted that the convict pleaded guilty to counts three and four on the four-count charge on the day of her arraignment.

The judge added that by her guilty plea, she admitted the facts as presented by the prosecution, without presenting any evidence in her defence.

Justice Yilwa said: “The defendant, having admitted the facts of the offence as presented by the prosecution, the court is satisfied. She is accordingly convicted on counts three and four.”

Following the defendant’s conviction, defence lawyer Hamza Dantani pleaded with the court to be lenient in dispensing judgment against the defendant.

Dantani said the convict is a first-time offender who is remorseful. He added that she did not waste the court’s time in relation to counts three and four.

The defence lawyer told the court that his client is a nursing mother of a one-year-old child who was arrested with her and pleaded with the court to do justice with mercy.

Prosecuting lawyer, Dr. Caliatus Eze, said the prosecution has no record of the convict’s previous conviction.

Justice Yilwa, who suspended proceedings briefly, later returned to pronounce her sentence by sentencing the convict to 20 years on count three and to one year on count four.

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The judge adjourned till July 9 for the prosecution to commence trial in respect of counts one and two on the charge, marked FHC/ABJ/CR/450/2025, to which the convict pleaded not guilty.

The two counts that the convict admitted are: “That you, Halima Haliru Umar of Unguwan Boka, Faskari LGA, Katsina State, adult, female, sometime on 7th July, 2025, at Barkin Ladi LGA and Jos North LGA of Plateau State, within the jurisdiction of this honourable court, did attempt to render support for the commission of acts of terrorism by providing material assistance and transportation of three hundred and two (302) rounds of AK-47 rifle live ammunition, and thereby committed an offence contrary to Section 28 (1) of Terrorism (Prevention and Prohibition) Act, 2022 and punishable under Section 13 (1) of Terrorism (Prevention and Prohibition) Act, 2022.

“That you, Halima Haliru Umar of Unguwan Boka, Faskari LGA, Katsina State, adult, female, sometime on 7th July, 2025, at Jos North LGA of Plateau State, within the jurisdiction of this honourable court, did have in your possession three hundred and Two (302) rounds of AK-47 rifle live ammunition, and thereby committed an offence contrary to Section 8(1) of Firearms Act 2004 and punishable under Section 27 (1) of the same Act.”

While reviewing the facts in relation to the two counts, a DSS operative, Fahad Tahir, gave details of how the defendant was arrested and how she came about the live ammunition.

Tahir told the court that he got to know the convict in the course of investigating the case, adding that she was transferred to the Abuja headquarters of the DSS on August 11, 2025, by its Plateau State Command after she was arrested while in possession of 302 live rounds of 7.6 by 39mm ammunition.

The witness added: “My director instructed me and my team to carry out further investigation.

“We received the defendant with the following items: 302 live rounds of ammunition, her voluntary confessional statement, written in Hausa and English; the statement of the arresting officer, the compact disc containing the audiovisual recording of her interview session, investigation report from the Plateau State Command and the sum of N57,100.

“After receiving the defendant and the items mentioned, we proceeded to conduct further investigation into the case by examining the items earlier mentioned and also interviewing the defendant, which was audio/visually recorded and in the presence of an official of the Legal Aid Council of Nigeria.

“In the course of the interview, she narrated how, on the 6th of July 2025 one Sani instructed her to go to Zaria in Kaduna State to help him collect a message from someone. She said Sani gave her the sum of N50,000 for her travel expenses.

“She stated that, upon her arrival in Zaria, Sani further instructed her to proceed to Jos in Plateau State. On getting to Jos, Sani directed her to one Alhaji, who later handed over a waste bag containing 302 live ammunition.

“She stated that on her way back to Jos, she was arrested while being in possession of the 302 rounds of live ammunition.

“She volunteered her statement in Hausa language and was interpreted by my colleague into English language, since she is an illiterate in the English language.

“At the conclusion of our investigation, we wrote our investigation report and submitted it to the Director,” the witness said.

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Sterling Financial Holdings posts 75% jump in annual profit

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Sterling Financial Holdings reported a 74.8 per cent increase in net profit for 2025, compared to the preceding year, amid improvement across the group’s key revenue streams, according to its audited results released on Friday.

The financial services group, which has operations in commercial banking, non-interest banking as well as fund & portfolio management, posted N76.3 billion in profit after tax, up from N43.7 billion a year earlier.

Gross earnings rose 44.4 per cent to N486.8 billion, the highest on record, supported by a jump in interest income and fees & commission income.

Net interest income advanced to N208.7 billion from N134.8 billion, while fees & commission income climbed to N60.3 billion from N44.3 billion.

Sterling Financial Holdings made a provision of N32.9 billion to cover credit loss expense, more than three times the amount it laid aside for the same purpose a year earlier.

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Impairment on loans to corporate entities accounted for 83.1 per cent of that sum, climbing to N27.4 billion from N2.6 billion.

Other operating income more than doubled to N37.4 billion on the back of a dramatic rise in income from direct commodity trading.

ALSO READ: Sterling Financial Holdings reports 102% profit growth in 2024

Profit before tax surged by 89.2 per cent to N86.8 billion, while total assets expanded to N3.9 trillion from N3.5 trillion, supported by higher loans and advances to customers.

Also on Friday, the banking group issued its unaudited report for the first quarter of the year, showing a 35.5 per cent leap in post-tax profit to N23.4 billion, compared to the same period of 2025.

Gross earnings for the period climbed to N134.8 billion from N95 2 billion.


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