DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 3422

Lagos-Calabar Coastal Highway: Obi Asks Nigerian Government to Prioritize Existing Roads

0

Peter Obi, the former presidential candidate of the Labour Party, has voiced concerns regarding the Lagos-Calabar Super Highway project. His concerns stem from the dilapidated state of numerous roads across Nigeria, which he deems more pressing for rehabilitation due to their contribution to hazards faced by travelers and the stagnation of economic growth. 

In a statement issued through his X (formerly Twitter) account on Monday, Obi highlighted the need for a strategic allocation of resources to address existing infrastructure challenges before embarking on ambitious new projects. He expressed reservations about the timing and prioritization of the Lagos-Calabar Super Highway project, urging the federal government to redirect resources towards rehabilitating existing roads critical for regional connectivity and economic development across the six geo-political zones.

Besides indicating his reserved concerns about the cost of the project, Obi noted the perilous conditions of many Nigerian roads, which have become death traps for travelers, citing instances of vulnerability to kidnappers and other dangers. 

“At the forefront of my concerns is the pressing issue of numerous uncompleted roads scattered across the country, many of which have become hazardous death traps and security risks,” he said. “It is disheartening to witness the plight of innocent Nigerians who traverse these dilapidated roads under perilous conditions, vulnerable to kidnappers and other dangers.”

The Lagos – Calabar coastal highway, expected to gulp N15.36 trillion or N4.39 billion per kilometer over 30 years, has become a subject of controversy since it was announced. A large section of Nigerians, including the former Vice President Atiku Abubakar, have described the project as a conduit of corruption.

Obi outlined a comprehensive list of vital roads in various zones, including the North-West, North-East, North-Central, South-West, South-East, and South-South regions, which are in dire need of repair and completion.

  1. NORTH-WEST Abuja – Kaduna – Zaria – Kano Road, – Sokoto – Funtua – Zaria Road, Kano – Hadejia Road, Kano – Katsina Road , Zaria – Funtua – Shema – Tsafe – Gusau – Talata – Mafara – Sokoto Road , Kano – Kwanar – Danja – Hadejia Road.
  2. NORTH-EAST Kano – Damaturu – Maiduguri Road – Mubi – Maiduguri Road, Nguru – Gashua – Bayamari Road, Gombe – Biu – Numan Road, Dikwa – Marte – Monguno Road, Potiskum – Fika – Bajoga – Gombe – Biu Road , Mayo Belwa – Jada – Ganye – Tongue Road , Tumu – Pindiga – Kashere – Bashar – Wase – Wamba – Nassarawa Road. 

3. NORTH-CENTRAL Abuja – Lokoja – Okene- Auchi – Benin Road, Ilorin – Jebba Road Kabba – Omuaran Road, Suleja – Minna Road, Makurdi – Gboko – Yandev – Katsina-Ala Road, Buruku Bridge across Katsina River. 

4. SOUTH-WEST Lagos – Badagry Road , Ibadan – Ife – Ilesha – Osogbo Road , Itoikin – Ijebu Ode – Ibadan Road, Ibadan – Ilorin – Jebba – Mokwa – Bokani Junction Road Abeokuta – Ibadan Road, Ikorodu – Shagamu Road, Ado – Igede – Aramoko – Itawure Road Ajasse Ipo – Offa – Erinle – Osun State Border Road.

5. SOUTH-EAST 9th Mile – Oturkpo -Makurdi Road , Enugu -Port Harcourt Road , Onitsha – Awka – Enugu Road , Onitsha – Owerri – Umuahia Road, Bende – Arochukwu – Ohafia Road , Okigwe – Afikpo Road , Nsukka – Obollo Afor Ehamafu – Nkalagu Road, Oba – Nnewi – Okija Road 

6. SOUTH-SOUTH Benin – Sapele – Warri Road, East-West Road, (Warri – Kaiama – Ahoada – Port Harcourt – Eket – Oron) Yenegoa Road, Junction – Kolo – Otuoke Road, Sapele – Agbor – Ewu Road, Benin – Akure – Ore – Ife Road, Ikot Ekpene – Aba – Owerri Road, – Jattau – Fugar – Agenebode Road, Bodo – Bonny Road with Bridge across Opobo Channel, Port Harcourt – Onne Road, – Agbor – Sakpoba – Ogharefe Road, Odukpani Junction – Itu – Ikot Ekpene – Umuahia Road. 

“Most of these roads, vital for economic growth, regional connectivity, and overall development, have been under construction for several years if not decades now and are unlikely to be completed any time soon due to poor and unplanned funding,” he said.

Emphasizing the importance of prioritizing road infrastructure funding, the former Anambra State governor noted that the allocated capital budget of N892.461 billion for the Federal Ministry of Works in 2024, along with additional funding from multilateral loan projects totaling N94.828 billion, and expected contributions from sources such as the China-Exim Bank and the World Bank, will not suffice for comprehensive work on all critical roads. 

He stressed that this funding would not be adequate for completing the necessary infrastructure projects, including those listed earlier.

“So, why embark on another huge project that will not be completed in the next 20 or 30 years?” he asked, adding that doing so will only exacerbate the problem of abandoned, uncompleted projects that are not contributing to economic growth and overall development. 

“It will merely worsen our already sagging debt burden. Given the state of our economy now, prioritization and fiscal discipline should be our critical guiding principles now,” he said. 

Obi said although the superhighway possesses potential benefits, completing existing projects, and “the urgent needs of people must be prioritized” to ensure that our investments serve the collective good of the nation. 

“In any development formula, the primary focus should be on completing and rehabilitating existing infrastructure rather than embarking on colossal new projects that may never reach completion within the next 30 years,” he concluded.

Nigeria Must Look Beyond The Planting Season to What Happens during the Harvest Period

0

Political Leader: “This is the farming season and we’re going to provide farmers with fertilizers, seeds, etc and everything they need to plant crops”. 

Just as noted, politicians will visit farming communities and support them with seeds, fertilizers, herbicides and other necessary farm inputs.

But wait… once those farm inputs are provided, the politicians will think that the job is done. Then everyone relaxes expecting bumper harvests and food in the land.

Unfortunately, that is an illusion. What happens is the root of Africa’s hunger: farmers will actually improve yields, but a part of the output will also go to waste.

In Tekedia Capital, we have startups which fight to reduce those wastes, and I get to see data. There was this case in Bauchi where a farmer needed a truck to move tomatoes within four days. The farmer begged, cried and begged, but unfortunately, there was no truck available. He lost the farm output!

Nigeria has about 100,000 trucks (of any standard) with Dangote Group controlling about 50,000 of them, leaving the rest for everyone to share. With no railway system, everything has to move via roads. So, guaranteeing your supply chain playbook involves closing the ranks on trucks.

At the beginning of the year, big FMCGs prepay with big truck owners to ensure their supply chain systems are not affected. Other players like farmers are left bare. Largely, there are many farmers who cannot get trucks at crucial harvest periods. The implication is that more than 37% of all farm produce go to waste, and on veggies and fresh produce, the number hits close to 50%: “Currently, Nigeria post-harvest losses are almost 50% for fresh produce. It is critical that we all come together to focus on ensuring that the hard work of farmers is not lost in post-harvest and passes to the consumers who are in need,” says the  United States Agency for International Development (USAID).

I repeat again, if Nigeria can preserve the little it produces, food inflation will not be as bad as we have it. Our strategic frameworks which do not include what will happen during the harvest period must be redesigned to be end-to-end, encapsulating required actions on the day of harvest besides the planting season which has been the focus. If we continue to fail there, we will continue to see hunger in the lands of farmers.

Moon Keynote Teaser Makes Crypto Experts Compare BlockDAG Coin To Early Bitcoin, As Price is Set to Reach $0.006 in 48 Hours

0

The excitement around BlockDAG is reaching new heights as the cryptocurrency community witnesses a pivotal moment reminiscent of Bitcoin’s early days. With the Moon Keynote teaser generating widespread excitement, BlockDAG is quickly becoming a topic of conversation among crypto experts who draw parallels to the nascent stages of Bitcoin.

Predicted to hit a price point of $0.001 within the next 48 hours, BlockDAG’s potential is not just being talked about; it’s being keenly watched by investors and enthusiasts alike. This surge comes on the heels of a successful presale that has already netted $19.3 million, showcasing BlockDAG’s robust market appeal and technological promise. As BlockDAG gears up to redefine the financial landscape with its innovative blockchain integration, the crypto world is on alert, ready to see if it can indeed match or surpass the legendary ascent of Bitcoin.

Unprecedented Success with Bitcoin

In 2023, Block Inc. experienced an impressive surge in its Bitcoin operations, with a 90% increase in gross profit from the previous year, totalling $66 million. Bitcoin sales rose to $2.52 billion, a 37% increase bolstered by the cryptocurrency’s rising market value. Notably, the Cash App was instrumental in this success, generating $205 million in Bitcoin profits from a total revenue of $9.50 billion.

These figures demonstrate Block’s effective integration of Bitcoin into its financial services, emphasising the significant profitability that Bitcoin activities can deliver to the financial sector. This performance serves as a clear indicator of the robust potential and financial benefits that Bitcoin continues to offer.

BlockDAG’s Cutting-Edge Technology

BlockDAG sets itself apart by solving critical blockchain challenges such as scalability and transaction efficiency. Its DAG architecture allows for the simultaneous processing of numerous transactions, significantly cutting costs and boosting speed, which is ideal for both microtransactions and regular commercial activities. Additionally, BlockDAG is environmentally friendly with its energy-efficient proof-of-engagement model and offers enhanced security and privacy through its innovative architecture, making it attractive to privacy-focused users and developers.

Compatible with the Ethereum Virtual Machine (EVM), BlockDAG supports an array of decentralised applications (dApps), pushing the boundaries of innovation within the crypto space. With the ongoing presale of its 9th batch at $0.005 per coin and projections to hit $10 by 2025, BlockDAG has already raised substantial funds, confirming strong market confidence in its potential. The latest price increase to $0.005, with an expected rise to $0.006 in the coming 48 hours, signals strong market dynamics.

The Path of Bitcoin Reimagined by BlockDAG 

The narrative of the Californian who made millions from Bitcoin during the crypto boom of 2024 highlights the life-changing potential of cryptocurrencies. BlockDAG is poised to redefine this story, offering an unparalleled investment opportunity with a projected 30,000% ROI. By tackling the longstanding issues of scalability, transaction speed, and environmental impact, BlockDAG is not merely an alternative to Bitcoin but represents the future of cryptocurrency investments.

With swift presale successes and rising coin values, early investors in BlockDAG are poised to achieve unprecedented returns. This potential mirrors the historical success of Bitcoin but could surpass it, thanks to BlockDAG’s advanced technological infrastructure. This positions BlockDAG as a compelling opportunity for substantial gains in the evolving cryptocurrency arena.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

BlockDAG Surges With $2.2M Miner Sales, Outshining Helium Crypto Price, & Bitcoin Amid Market Uncertainty

0

Amid ongoing market fluctuations with Helium and the anticipatory uncertainties surrounding Bitcoin’s halving, BlockDAG stands out as a pioneering force in the crypto market. With a staggering $19.3 million raised in its presale and an additional $2.2 million from mining equipment sales, BlockDAG sets the bar high with its energy-efficient mining solutions and a promising Proof-of-Engagement system. A standout feature is its upcoming lunar keynote on sustainable mining practices, which paves the way for potentially massive returns of up to 30,000x.

Helium Struggles Below Critical Support Levels

Helium’s market performance is showing signs of strain as prices dip below crucial support levels, specifically the 200-day EMA. Currently priced at $5.76, Helium could be heading toward a $5 target, driven by persistent lower lows in its price chart. The market’s sentiment is further dampened by a decrease in trading volume and growing selling pressure, suggesting that recovery might not be immediate. Technical indicators like the RSI confirm this bearish outlook, dipping into oversold territories and indicating potential further drops.

Bitcoin Faces Challenges Before Halving

Bitcoin’s recent price drop to below $69,000 has injected a dose of uncertainty across the cryptocurrency landscape, influencing major crypto stocks such as MicroStrategy and Coinbase. This downturn is largely attributed to profit-taking activities in anticipation of the upcoming halving, which traditionally influences market prices. Notable movements, including the transfer of significant Bitcoin quantities to exchanges, hint at increasing selling pressure, potentially driving prices down further as the halving event nears.

BlockDAG: A Leader in Sustainable Crypto Mining

BlockDAG is revolutionizing the crypto mining industry with its advanced, environmentally friendly mining rigs that not only ensure substantial energy savings but also boast high-efficiency rates. These rigs are part of BlockDAG’s commitment to sustainable practices, which is rapidly setting it apart as a leader in green technology within the crypto space. The impressive presale figures, including $19.3 million raised through the sales of over 7.9 billion coins sold, and $2.2 million from miner sales, reflect strong market confidence and an appetite for eco-conscious investment opportunities.

The company’s innovative Proof-of-Engagement system drastically reduces the environmental impact compared to traditional mining methods, aligning with global sustainability goals. This approach is gaining traction, underscored by BlockDAG’s aggressive marketing strategies, including the teaser of their groundbreaking lunar keynote, which has captivated the global crypto community.

BlockDAG Sets New Standards in Crypto Innovation

In a landscape where Helium struggles and Bitcoin braces for significant events, BlockDAG emerges as a robust contender, not just in performance but in innovative market strategies. With a comprehensive roadmap that includes a leap from a $0.005 price point in batch 9 to $0.006 in the upcoming batch 10, BlockDAG is not just maintaining momentum but accelerating it.

The anticipation around its innovative lunar keynote and the strategic deployment of its technology underscore its potential for a staggering 30,000x ROI, positioning BlockDAG as the top choice for investors looking for sustainable and profitable crypto ventures in 2024.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Best Crypto to Invest in: BlockDAG’s 19.5M Presale Success and Moon Keynote Video Teaser Eclipse ATOM and BNB’s Performance

0

While BNB coin maintains its stable market presence amidst regulatory scrutiny and ATOM faces minor market fluctuations, BlockDAG has emerged as a standout narrative within the cryptocurrency sector. Its presale has achieved a staggering $19.5 million, bolstered by an innovative moonshot keynote teaser, and has sold over 7.9 billion coins. With projections pointing towards a 20,000x return on investment, BlockDAG is captivating investors’ imaginations and securing its position as a top future cryptocurrency.

Stability Marks BNB Coin’s Performance Amid Global Observations

Despite international regulatory challenges, particularly from Nigerian authorities, the price of the BNB coin has displayed remarkable stability and even signs of growth. This resilience underscores its potential to challenge upper resistance levels in the near future.

The BNB Chain has seen significant growth in the first quarter of 2024, reaching 113 million token holders and witnessing daily active interactions from over 1.3 million addresses. This activity is supported by the thriving NFT sector on the BNB Chain, adding further value to the BNB ecosystem.

ATOM Struggles with Market Stability

Recent developments in the ATOM market show a struggle to maintain stability, with the currency managing only a modest increase of 1.25%, clinging closely to the 100-day EMA. Despite this slight recovery, the sentiment around ATOM remains largely bearish with continuing intense selling pressures observed in the market.

ATOM presents a neutral but cautious market outlook, with technical indicators warning of possible further declines. Analysts remain neutral on its immediate future, suggesting that the bearish trend could continue, posing challenges for Cosmos’s native token.

BlockDAG Sets High Standards with $19.5 Million Presale

BlockDAG’s presale strategy has been carefully crafted, featuring gradual price increases with each new batch and drawing significant investor interest. This strategy led to a remarkable $19.5 million in presale revenues. The pricing for Batch 10 is expected to rise to $0.006, promising even greater profits for early investors and enhancing confidence in the project’s future growth further adding to the fuel is the keynote video teaser from the moon.

BlockDAG is also committed to inclusivity, offering a low-code/no-code platform that allows individuals without deep technical knowledge to develop and deploy blockchain solutions. This initiative has proved successful, as evidenced by the impressive sale of more than 7.9 billion BDAG coins.

With a bold price target of $10 by 2025, BlockDAG is positioning itself as the optimal crypto investment for the future, offering a potential 20,000x return from its initial stages. This ambitious goal is supported by a strategic rise in presale prices, designed to encourage sustained investment as the project evolves.

Why BlockDAG Is the Top Choice for 2024

In contrast to the stability of BNB and the volatility of ATOM, BlockDAG stands out in terms of its significant presale achievements and innovation. The project has already garnered $19.5 million from presales and sold over 7.9 billion coins, enhanced by a creative moonshot keynote teaser. With expert projections pointing to a 20,000x ROI, BlockDAG represents an exceptional investment opportunity. For those who missed the early days of Bitcoin, BlockDAG offers a compelling alternative, set to become a significant player in the cryptocurrency world, with batches expected to continue selling out in the coming months.

 

Buy BlockDAG Now

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu