Speaking at a ministerial briefing in Abuja, Umahi outlined the administration’s progress in road rehabilitation and construction, stating that the completed projects fall under a broader intervention initiative targeting national connectivity and economic revitalization.

The minister revealed that the completed palliative roads, valued at N208 billion, are part of a larger portfolio of 440 ongoing road projects across the country. He emphasized that these developments are aimed at enhancing transportation networks, supporting trade, and improving regional accessibility.

“These interventions are not only strategic but essential for driving economic growth and ensuring that our communities remain connected,” Umahi said.

He also disclosed that 29 major infrastructure undertakings, collectively worth over N2 trillion, are currently underway under President Bola Tinubu’s administration. Among them are four major “Legacy Projects” expected to have long-term impact on national development.

As part of activities to mark President Tinubu’s second year in office, select completed projects are scheduled for commissioning in May 2025. The Minister praised the President’s leadership, describing him as a “visionary” committed to transforming Nigeria’s infrastructure landscape.

The announcement underscores the administration’s broader push to address decades of infrastructural decay and stimulate sustainable development through public investment.

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Instead, the commission aims to curb exploitative practices and maintain a competitive marketplace.

In a statement released on Tuesday by Ondaje Ijagwu, Director of Special Duties and Strategic Communication, the FCCPC responded to concerns from the Organised Private Sector and other stakeholders regarding recent directives to halt practices like price gouging and price fixing.

The FCCPC emphasized that its role is to ensure fair market practices rather than controlling prices. “Prices in a competitive marketplace are determined by supply and demand, not by our intervention. We have never, and will never, consider regulating prices. Claims to the contrary are baseless,” the statement read.

READ ALSO: FCCPC to Begin Nationwide Advocacy Against Price-Fixing

The commission acknowledged that external factors, such as foreign exchange fluctuations and the removal of fuel subsidies, influence pricing. However, it stressed that these factors do not justify exploitative practices that harm consumers. “While external factors affect pricing, they do not excuse exploitative practices that undermine consumer welfare,” the FCCPC noted.

To illustrate its point, the FCCPC cited a recent issue in the cement industry where BUA Cement’s Chairman, Abdul Samad Rabiu, reported that despite the company’s efforts to sell cement at N3,500 per bag, prices were inflated to between N7,000 and N8,000 per bag by dealers. “This situation exemplifies the type of exploitative conduct that the FCCPC is committed to addressing,” the commission said.

The FCCPC assured the business community that its actions are intended to protect consumers rather than suppress private enterprise. “Our goal is to ensure the market operates on principles of fairness, transparency, and accountability, not to stifle private business,” the statement added.

READ ALSO: FCCPC storms Abuja Chinese supermarket where Nigerians are not allowed to shop

To allow businesses time to adjust, the FCCPC has granted a one-month moratorium before enforcement of the new directives begins. “This moratorium provides businesses with time to align their practices with laws designed to protect consumers and promote fair competition,” the commission stated.

As it continues its oversight role, the FCCPC remains dedicated to enforcing the Federal Competition and Consumer Protection Act 2018, pledging to uphold fair competition and consumer protection. “We will monitor the marketplace and take action against any practices that violate the law. Both consumers and businesses can trust that we will uphold the principles of fair competition and consumer protection,” the statement concluded.

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1. Organized Labour has called on President Bola Tinubu to personally intervene in the ongoing minimum wage negotiations to prevent the indefinite strike action set to begin on Monday. Meanwhile, the Federal Government has cautioned that the national minimum wage demanded by labour could destabilize the economy.

2. The Niger Delta Development Commission has begun groundbreaking ceremonies for staff cooperative housing estates in Anua Offot, Uyo, Akwa Ibom State, and Elebele, Yenagoa, Bayelsa State. This initiative, managed and operated entirely by NDDC staff, aims to promote ownership, responsibility, and sustainable community development.

3. President Bola Tinubu has vowed that the federal government will take strong action against those who habitually attack Nigeria’s armed forces. He made this statement on Saturday evening in Abuja, following the killing of five soldiers in Aba, Abia State, during an alleged commemoration by the Indigenous People of Biafra (IPOB).

4. The Abuja Electricity Distribution Company (AEDC) released a list of 25 customers with outstanding electricity bills, including several government agencies. In a notice, the company warned that it would disconnect all clients who fail to settle their debts by June 3.

5. Former President Olusegun Obasanjo stated on Saturday that Nigeria is becoming increasingly volatile, uncertain, and complex. He highlighted that insecurity has made the country dangerous, with widespread suffering and hunger. Obasanjo emphasized that leadership needs to address these issues to create a better future for all Nigerians.

6. Members of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have been directed to comply with the indefinite nationwide strike ordered by Organised Labour. The strike, aimed at pressing for a higher minimum wage, is set to commence on Monday.

READ ALSO: Trending News: Top 10 stories this Morning

7. The Nigeria Security and Civil Defense Corps (NSCDC) in Rivers State has arrested the wife of a suspected pipeline vandal for possessing two fabricated guns. NSCDC Public Relations Officer Babawale Afolabi stated that the arrest followed an intelligence tip-off about pipeline vandals in Ogba/Egbema/Ndoni, Rivers.

8. Enugu State government aims to generate N20 billion by 2024 through digitalizing the Land Use Act for revenue collection. Ekene Emmanuel Nnamani, State Internal Revenue Service chairman, shared this plan to expand revenue. Enforcement of payment for charges which commences this June is to boost internally generated revenue.

9. Vice-President Kashim Shettima stated that democracy’s survival depends on adherence to the rule of law and good governance, not a change to a parliamentary system. Speaking at Yusuf Ali & Co’s 30th anniversary in Ilorin, he addressed calls for a switch to a parliamentary system, noting that many nations have collapsed due to a lack of truth and justice.

READ ALSO: Trending News: Top 10 stories this Morning

10. A total of 70,603 candidates took the 2024 National Common Entrance Examination (NCEE) for the 110 Unity Colleges on Saturday, according to NECO Registrar Prof. Dantani Wushishi. The exam was conducted in 599 centers nationwide, with 33,335 males and 37,268 females participating. The registration numbers were lower than in 2023, which had 72,865 candidates. Wushishi attributed the decline to economic factors and a slight increase in the registration fee.

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