Saturday, 08 June 2024 04:57

Tinubu inaugurates N21bn VP’s residence

Rate this item
(0 votes)

On Friday, President Bola Tinubu inaugurated the N21 billion official residence for Vice President Kashim Shettima, amid widespread economic hardship. The National Assembly had approved an additional N15 billion last November, bringing the total project cost to N21 billion.

The project has faced criticism due to the country's economic conditions. Workers are currently negotiating a new national minimum wage with the government, with an ongoing impasse as unions have rejected the government's N60,000 offer, a 100% increase from the current N30,000. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) recently halted economic activities for 48 hours over the wage dispute.

At the commissioning, FCT Minister Nyesom Wike explained the high cost, stating that the project was initially awarded in 2010 for N7 billion but was abandoned in 2015. It was not until January 2024 that the budget was revised to N21 billion. Wike highlighted that Tinubu ensured the project's completion within a year, calling it a symbol of "renewed hope."

Wike further detailed that the president directed him to complete the project to prevent the area from being overtaken by criminals.

Tinubu, represented by Vice President Kashim Shettima at the event, emphasized his administration’s commitment to finishing inherited projects. He stated that completing such projects demonstrates accountability, transparency, and efficient resource utilization. Tinubu expressed that abandoning projects after significant expenditure is wasteful and that completing them is in the best interest of the government and public.

He underscored the residence's significance, noting that it symbolizes respect for the office of the vice president and the individual holding it. Tinubu added that this completion reflects the administration's determination to overcome obstacles and fulfill promises made to the Nigerian people, aligning with the Renewed Hope Agenda, which prioritizes completing inherited projects.

November 22, 2024

All good leaders have this mindset, no matter their background

David G. Ewing In today’s tech-driven business world, the ability to navigate technological challenges isn’t…
November 22, 2024

Tinubu’s borrowing spree retuning Nigeria back into debt peonage - Atiku

Former Vice President Atiku Abubakar has criticized the President Bola Tinubu-led administration for the increasing…
November 18, 2024

The magic and the minefield of confidence: Self doubt, hubris and everything in between - The Economist

Confidence is contagious. Someone declaring a position with ringing certainty is more likely to inspire…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 22, 2024

FG excited as pro-Biafra agitator Simon Ekpa arrested in Finland on terrorism charges

Simon Ekpa, the controversial leader of the pro-Biafra faction Autopilot, was arrested by Finnish authorities…
November 22, 2024

Here’s the latest as Israel-Hamas war enters Day 413

ICC issues arrest warrants for Israel's Netanyahu, Gallant and Hamas leader The International Criminal Court…
November 21, 2024

Nigeria comes top in instant payment system inclusivity index in Africa

Nigeria’s instant payment system is projected to advance to the maturity inclusion spectrum ahead of…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.