TINUBU’S FEC APPROVES MEGA ₦733BN FOR ROADS, 11 UNIVERSITIES, AND MINING REVOLUTION! (Video)

TINUBU’S FEC APPROVES MEGA ₦733BN FOR ROADS, 11 UNIVERSITIES, AND MINING REVOLUTION! (Video)

The Federal Executive Council (FEC), presided over by President Bola Ahmed Tinubu, convened today with Vice President Kashim Shettima and key cabinet members, including Abubakar Momoh, Minister of Regional Development, in attendance. The council approved critical projects aimed at improving infrastructure, expanding education, and strengthening the mining sector.

₦733 Billion Approved for Major Road Infrastructure

In a bid to boost national connectivity and economic growth, the FEC approved over ₦733 billion for key road projects across Nigeria. The Minister of Works detailed the approved projects, including:

• ₦55 billion for the dualization of Odupani-Itu-Ikot Ekpene Road in Cross River and Akwa Ibom States, awarded to Decon Construction Nigeria Limited.
• ₦147 billion for the dualization of Ibadan-Ilorin Road (Oyo-Ogbomoso section) in Oyo State, covering 147 kilometers of reinforced concrete pavement, awarded to GRVe Construction.
• ₦507 billion for the completion of Abuja-Kaduna-Zaria-Kano Road, Section II (Kaduna-Zaria), covering 164 kilometers, awarded to InfoWest Nigeria Limited.
• ₦24 billion for the construction of a flyover at Abakpa, bordering 82 Division, Enugu, aimed at reducing traffic congestion, awarded to CCECC.

The Minister also addressed concerns about regional project allocation, clarifying that FEC approvals are based on submitted memos, not bias. He emphasized President Tinubu’s commitment to completing inherited projects, regardless of how they were distributed by previous administrations.

11 New Universities Approved to Expand Education Access

The education sector received a significant boost as the FEC approved the establishment of 11 new universitiesacross the country. This decision aims to:
✅ Increase access to higher education
✅ Enhance research and innovation
✅ Create more academic jobs and investment opportunities

The Tinubu administration reaffirmed its commitment to expanding Nigeria’s knowledge economy and empowering the youth through quality education.

Nigerian Minerals Corporation Set to Boost Mining Investment

The FEC also approved the establishment of the Nigerian Minerals Corporation, a private sector-driven initiative designed to:
✅ Attract global investors
✅ Eliminate political interference
✅ Ensure efficient resource management

The corporation’s ownership structure allocates 50% to private investors, 25% to the federal government, and 25% to individual Nigerians, ensuring a balanced and transparent management model.

Government Intensifies Crackdown on Illegal Mining

Security in the mining sector remains a priority, with over 320 illegal operators apprehended in recent months. Of these, 150 are facing prosecution, and four foreign nationals have already been convicted.

The Mine Marshals, working closely with national security agencies, have been tasked with ensuring strict enforcement of mining regulations to protect Nigeria’s natural resources.

Impact on Nigerians

With these major FEC approvals, Nigerians can expect:
✅ Better road networks, reduced travel time, and improved trade connectivity
✅ Expanded access to education with new universities across the country
✅ New job opportunities in construction, mining, and academia
✅ Stronger security measures to curb illegal mining activities

As the next FEC meeting approaches on Wednesday, further decisions are expected to drive economic transformation and national development.