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Fayemi Hands Over Ekiti Cargo Airport To Contractor



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Ekiti State Governor, Dr. Kayode Fayemi, has handed over the site of the Ekiti Agro-Allied Cargo Airport to the main contractor to commence the construction of its 3.2 kilometres runway.

While handing over the site to the contractor, CCECC Nigeria Limited late on Monday, the governor described the project as a promise made and kept for the overall development of the state.

Governor Fayemi had earlier on Monday, presented checks totalling N500 million to about 700 land owners whose land was acquired for the airport project. The event held at the Conference hall of the Governor’s office.

He said the construction of the airport’s runway pavement would be completed within fifteen months, in line with the timeline agreed with the contractors.

Represented by the deputy Governor, Otunba Bisi Egbeyemi at the handover of the site, the governor said the payment of compensation to farmers and owners of economic trees on the land acquired for the airport project would continue until all affected land owners received their compensation.

Describing the project as a milestone for his administration and the people of Ekiti, Dr. Fayemi noted that the importance of agro-allied cargo airport to serve as the fastest movement of agricultural products to international market could not be overemphasized.

He explained that Ekiti, an agrarian state, was blessed with hardworking farmers and investors who were ready to produce in commercial quantities, once there was an assurance that their goods would reach both local and international markets without delay.

He said: “No doubt, Ekiti is a landlocked state that borders with other landlocked states like Kwara, Osun, Edo, except Ondo that has sea. The situation has made it difficult for our people in Ekiti State and the neighbouring states to transport goods, most especially agricultural products to both local and international markets.

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“The establishment of this Agro-allied Cargo Airport will not in small measure improve the socio-economic development of our dear state, when completed.

The governor canvassed the support of Ekiti people at home and in the diaspora for the completion of the project while also charging the contractor to execute the job with utmost professionalism.

According to the Technical Adviser on the Airport Project, Air Vice Marshal Adeniyi Ojuawo (rtd), the airport is a legacy project of the Fayemi administration and one that would change the face of Ekiti economy.

AVM Ojuawo said: “This project is a game changer and we need the cooperation of those who gave us the land. The people will be happy that JKF has brought the airport project to Ekiti. There cannot be a better time than now.”

The Commissioner for Works and Transportation, Mr. Adesola Adebayo said the design and bill of engineering measurement of the airport project were expertly scrutinised in accordance with the requirement and standard of International Civil Aviation Organisation (ICAO).

The brief ceremony was witnessed by representatives of communities like Ago Aduloju, Aso Ayegunle, Ijan and Igbemo on whose land the project is located. Mr Wang Williams led a team of CCECC Nigeria Limited’s representatives at the event.

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BREAKING:Nigeria Air Launch A Fraud – Reps



Nigeria Air

The House of Representatives on Monday faulted the purported launch of Nigeria Air in the last days of the administration of former President, Muhammadu Buhari.

The Chairman of the House Committee on Aviation, Nnolim Nnaji, declared the launch of Nigeria Air a fraud after the major stakeholders in the deal between the Federal Government and Ethiopian Airlines denied knowledge of the launch.

The Ministry of Aviation claimed Nigeria Air was only unveiled and not launched, which the committee dismissed as an attempt to divert the lawmakers’ attention.

Members of the committee were shocked when NAMA disclosed that the aircraft bearing Nigerian colours was on a chartered flight to Nigeria.

Other stakeholders who confirmed the disclosure noted that a chartered flight could be painted in any colour and with any inscriptions.

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BREAKING: CBN Speaks On Devaluation Of Naira To N630/$1



BREAKING: Old Naira Notes Deadline Stays - Emefiele
CBN Governor Godwin Emefiele

The Central Bank of Nigeria ( CBN) on Thursday denied devaluing the naira .

This clarification came from the
Acting Director, Corporate Communication, Dr. Isa AbdulMumin, in a statement titled, “CBN Has Not Devalued the Naira”.

He said: “The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report… titled “CBN Devalues Naira To 630/31”.

“We wish to state categorically that this news report, which in the imagination of the newspaper is exclusive, is replete with outright FALSEHOODS and destabilizing innuendos, reflecting potentially willful ignorance of the said medium as to the workings of the Nigerian Foreign Exchange Market.

“For the avoidance of doubt, the exchange rate at the Investors’ & Exporters’ (I&E) window traded this moming (June 1, 2023) at N465/US$1 and has been stable around this rate for a while.”

The bank advised the public to ignore the news report in its entirety, saying it’s speculative and calculated at causing panic in the market.

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BREAKING: After Subsidy Removal, NNPC Increases Petrol Price To Over N500



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President Tinubu

The Nigerian National Petroleum Company Limited (NNPC) on Wednesday adjusted the pump price of petrol by over 100% to between N488 and N557.

The development followed the announcement by President Bola Tinubu during his inaugural address on Monday that fuel subsidy was ‘gone’.

However, it was learnt that the president will meet with organised labour from 2pm Thursday (today) afternoon.

The prices have now been adjusted upward from between N189 to N194 to N537 per litre in Abuja and other North-central States.

For Lagos and other South-west states, a litre of fuel now sells for between N488 and N500 per litre.

In the South-east, the price will range from N515 to N520, while in the North-west, the price of the product was raised to N540. In the North-east, it moved from N199 to N557 per litre.

For the South-south, it is now from N511 to N525 per litre. Nigeria’s subsidy budget of N3.6 trillion for this year, expires in June, 2023.

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