NEWS
FG Puts Failure of Eastern Railway on Foreign Loans
The Nigerian Government has declared that completing the narrow-gauge Eastern railway corridor within the tenure of President, Muhammadu Buhari was not feasible.
Minister of Transportation, Mu’azu Sambo, made the declaration on Wednesday while addressing State House Correspondents at the end of this week’s Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.
He fingered paucity of funds, saying that the FG could no longer access foreign loans for such projects, before the current government’s tenure expires in May 2023.
He said, “Now, the truth of the matter is that if there was a promise to deliver this line before the end of this administration, this promise is no longer feasible because funding has been a major challenge.”
Recall that the China Civil Engineering Construction Corporation (CCRCC) commenced construction of the 2044.1km Port Harcourt-Maiduguri narrow gauge railway project in April 2022.
The project had an execution budget of $3bn, and was planned to link states in southern Nigeria to the north through the eastern states.
The former Minister of Transportation, Rotimi Amaechi, expressed optimism that the project would stimulate economic activities in the 14 states it traverses, with the laying of rail tracks projected to get to Coal City, Enugu State capital by September 2022.
He assured that the Port Harcourt-Maiduguri line would be delivered before the present administration leaves office in May 2023.
However, Sambo, has come out with a declaration that the project was no longer feasible, because the necessary funds for its completion cannot be raised by the FG.
He said “Now, the eastern line is the line from Port Harcourt to Maiduguri. It has been segmented in such a way that the first part of the work covers from Port Harcourt to Enugu.
“Now, the truth of the matter is that if there was a promise to deliver this line before the end of this administration, this promise is no longer feasible because, when the contract was approved, it was approved on the premise that 85 percent will be funded through foreign loan, while 15 percent will be the counterpart funding for the national budget.
“Since that approval, we have not been able to obtain that 85 percent foreign loans for this project. We have been funding it through the national budget on the bases of the 15 percent counterpart funding of the federal government. And therefore, funding has been a major challenge for this project.”
NEWS
Tinubu Reveals How Taxi Driving in US Shaped His Education Reforms
President Bola Ahmed Tinubu has revealed how his experience working as a taxi driver in the United States shaped his commitment to expanding access to education in Nigeria.
Tinubu said he drove a taxi as a young man after arriving in the US to raise money for his education, adding that he had to postpone starting school for several months to save enough funds.
The President disclosed this while highlighting his administration’s education reforms and investments under the Renewed Hope agenda.
READ ALSO: ‘Becoming Nigeria’s President Is a Divine Blessing – Tinubu
Recounting his struggles, Tinubu said he later worked different jobs after arriving in Chicago to support himself and pay his way through university.
He explained that his personal experience with the financial difficulties associated with pursuing higher education had strengthened his belief that every Nigerian child deserved equal educational opportunities, regardless of their background or their parents’ financial circumstances.
“Those experiences have stayed with me. I know what education made possible in my own life, and I believe every Nigerian child deserves that same opportunity,” he said.
Highlighting his administration’s interventions, Tinubu disclosed that over ₦372 billion had been provided through the Nigerian Education Loan Fund (NELFUND) to support students with institutional fees and upkeep.
He said the initiative was helping young Nigerians remain in school and pursue their educational ambitions.
The President also revealed that the government’s technical and vocational education programme had attracted over 2.8 million applications, while 38 technical colleges had been rehabilitated.
According to him, students in federal and selected state technical colleges now benefit from free school fees, boarding, textbooks and uniforms.
On university education, Tinubu said his administration had reached a new agreement with the Academic Staff Union of Universities (ASUU), providing for a 40 per cent increase in academic staff remuneration and measures to improve stability in the country’s universities.
He stressed that students should be able to complete their academic programmes within the stipulated period.
“A four-year course must take four years. Our young people deserve to complete their education on time and get on with their lives,” he stated.
Tinubu further disclosed that the Federal Government was investing ₦110 billion in the rehabilitation of 24 medical schools.
He said annual nursing enrolment had increased from 28,000 to 115,000, while medical and dental enrolment had risen from 5,000 to 12,000.
The President added that over one million children who were previously out of school had returned to learning.
He also highlighted investments in teacher development, expanded educational opportunities for girls and the implementation of a new national curriculum that restores Nigerian History to classrooms.
Tinubu said the reforms were designed to ensure that Nigerian children understand their country’s history and are adequately prepared to contribute to its future.
He commended the Minister of Education, Dr Tunji Alausa, Minister of State for Education, Professor Suwaiba Sa’id Ahmad, and the entire education team for their contributions to the ongoing reforms.
The President also announced the development of an interactive A–Z of the Nigeria Education Sector Renewal Initiative (NESRI), which brings together information on reforms, programmes, achievements and opportunities across the education sector.
He urged parents, students and teachers to visit edu4pbat.ng to explore available educational opportunities and programmes.
Tinubu encouraged Nigerians to provide feedback on challenges affecting education in their communities, noting that such information would help the government identify problems and address them.
He maintained that a child’s circumstances at birth should never determine the limits of their ambitions, stressing that his administration remained committed to providing every Nigerian child with a fair opportunity to fulfil their potential.
NEWS
NUPRC Dangles 40 Oil Blocks Before Global Investors at ADIPEC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has invited global investors to participate in the bid for the 2026 Licensing Round, which has 40 oil and gas blocks on offer.
The Commission Chief Executive, Oritsemeyiwa Eyesan, informed investors at the 2026 ADIPEC Exhibition and Conference in Abu Dhabi on Monday, November 2, 2026 that Nigeria offers a stable climate amid global energy tensions.
She urged investors to look to Nigeria and take advantage of the opportunities and revealed that the licensing round portal will officially open on November 20, 2026.
READ ALSO: OPEC+ Retains Output at 30.9mbpd
The NUPRC boss said this during a roundtable discussion titled, ‘Energy Sovereignty in an Interconnected World: Aligning National Priorities, Markets and Global Security’.
She said, “We are expecting investors to turn to Nigeria. We are going into another licensing round, and we will launch our bid portal on November 20. We expect to see interested investors because the environment is a lot more competitive.
“We have set a very attractive fiscal framework for investors. The overall environment is much more secure. We have been able to manage costs with a lot of incentives for investors, and we expect to see investors take up the offer when we open the portal.”
The NUPRC boss noted that since the passing of the Petroleum Industry Act in 2021, as well as the executive orders signed by President Bola Tinubu, Nigeria has seen an improved investment climate.
Eyesan said that between 2021 and 2026, the NUPRC held at least four successful licensing rounds, which brought more investment into the country.
This marks a departure from the pre-PIA era, when licensing rounds were less frequent.
The CCE said Nigeria has huge energy potential, as it sits on 215 TCF of gas, but daily production is barely 7 bcf.
This presents an opportunity to investors, especially as key gas infrastructure, such as pipelines, is being built, she said. The stars are already aligned. For gas infrastructure, we just completed very major infrastructure projects that will unlock gas supply in the country and the sub-region.”
We have two major projects on the drawing board to move gas through the Nigeria-Morocco Atlantic Gas Pipeline and the Trans-Sahara Gas Pipeline.
Again, this gas will go to Europe and will also meet regional demand. So, Nigeria is positioned to meet not just domestic supply,” the CCE stated.
Eyesan maintained that as many countries discover petroleum resources, the race for investment has become more competitive.
She said Nigeria was already ahead of the game, as it had made certain modifications to attract the right capital.
“We understand that investors will prize execution risk, cost, delays and also uncertainty, and so what we have done in Nigeria is to ensure that we guard against these risks and then attract the investment required to enable us to unlock the huge resources we sit on,” the NUPRC boss said.
NEWS
‘Becoming Nigeria’s President Is a Divine Blessing’ – Tinubu
President Bola Ahmed Tinubu has described his emergence as Nigeria’s President as a special favour from Almighty Allah, saying his position as Commander-in-Chief of the Armed Forces is a privilege that must be matched with dedicated service to the country.
Tinubu made the remarks while reflecting on his spiritual journey to Saudi Arabia for the lesser Hajj (Umrah), during which he was granted access to pray inside the Holy Ka’abah in Makkah.
The President expressed gratitude to Saudi Arabia’s King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman for granting him and members of his Nigerian delegation the rare privilege.
SEE MORE: APC Defends Tinubu Over Electricity Promise, Says President Is Tackling Sector’s Challenges
Speaking after the spiritual exercise, Tinubu said his emergence as Nigeria’s leader was an extraordinary blessing, considering the millions of people in the country.
“I have faith in that, and I believe extremely well that He has done me and my country a great favour. Out of many millions of people, to be the President and Commander-in-Chief is a favour that only Almighty God can do to a human being,” he said.
The President also disclosed that he used the opportunity to pray for wisdom and resilience to continue serving Nigerians, expressing confidence that his prayers had been answered.
“Well, I asked for wisdom and resilience to continue to serve the people. I know that prayer has been granted,” Tinubu said.
Recalling his previous Umrah pilgrimage before the 2023 presidential election, he said he had asked Allah to bless the journey and promised to return to express gratitude.
Tinubu also reflected on the message in Surah Aal-Imran, Verse 26 of the Holy Qur’an, which establishes Allah as the ultimate owner of sovereignty and authority, with the power to give and take leadership.
He said the message reinforces the need for those entrusted with positions of authority to exercise power responsibly, with humility and in the interest of the people.
“There is no other God but Almighty Allah. He is the giver and the taker. He owns power and authority,” the President said.
He reaffirmed his commitment to building a prosperous Nigeria, investing in the future of young Nigerians and pursuing development in line with the aspirations of the people.
Tinubu described the opportunity to enter the Holy Ka’abah as a historic and deeply cherished spiritual experience, adding that it reflected the longstanding friendship and cooperation between Nigeria and Saudi Arabia.






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