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FG To Reintroduce Tolls On Federal Highways

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FG To Reintroduce Tolls On Federal Highways

The Federal Government on Monday said it would reintroduce tolling on the nation ’ s highways to raise the much needed funds to maintain the roads .

The Minister of Power, Works and Housing , Mr. Babatunde Fashola, stated this while addressing members of the Manufacturers Association of Nigeria , who visited him in his office in Abuja .

The minister ’ s position may be an endorsement of the Senate ’ s proposal in July for the return of tolls on federal roads and the setting aside of 0.5 percent of transport fares paid by passengers on inter – state trips to generate funds for the rehabilitation and maintenance of roads in the country .

Fashola said that the tolling system would only be introduced to road projects that had been completed by the government .

The minister , according to a statement by the Director of Information in the ministry , Mohammed Ahmed, also said the government would spend N 100 bn to be raised from the issuance of the sukuk bond for the reconstruction and rehabilitation of 25 arterial roads .

The sukuk bond, which has been described as a safe and low- risk investment , is being issued by Debt Management Office with a seven – year tenor .

He explained that the sum of N 16. 7 bn would be allocated for each geo – political zone across the country.

Fashola gave some of the prioritised road projects as the dualisation of Ibadan – Ilorin road , Suleja – Minna road , Kano -Maiduguri road and Lokoja -Benin road , as well as the rehabilitation of the Enugu – Port- Harcourt Expressway and the construction of the Kaduna Eastern Bypass.

The statement read in part, “ The Federal Government is reconstructing and rehabilitating 25 arterial roads with an aggressive plan to spend about N 16 . 7 bn for each geopolitical zone across the country.

“ The Minister of Power, Works and Housing , Babatunde Fashola, also stated that the ministry was in the process of re – introducing the tolling system on completed federal highways in order to sustain the maintenance of these roads . ”

The President , MAN , Dr . Frank Jacobs , commended the minister for the ongoing rehabilitation of the Lagos -Ibadan and Onitsha- Enugu expressways as well as other strategic roads across the country.

He also expressed delight with the approval of N213 bn Nigerian Electricity Market Stabilisation Facility aimed at easing some of the challenges in the electricity industry value – chain.

-Punchng

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ENTERTAINMENT

AFRIFF 2024: Check Out The Complete List Of Winners

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2024 AFRIFF: The Complete List Of Winners | fab.ng

The 2024 AFRIFF celebrated exceptional African cinema through a vibrant week-long showcase of talent, creativity, and storytelling excellence.

Filmmakers, actors, and cinema enthusiasts gathered from across the continent to participate in screenings, masterclasses, and engaging panel discussions at the 2024 AFRIFF.

This 13th edition of AFRIFF demonstrated unprecedented diversity in African storytelling, featuring compelling narratives that captivated audiences through multiple genres and languages.

In the 2024 AFRIFF, carefully curated selections sparked meaningful conversations about contemporary African experiences while highlighting the continent’s rich cultural heritage.

Also, at the 2024 AFRIFF Globe Awards ceremony, outstanding films earned recognition for their artistic merit, technical excellence, and powerful storytelling.

These winning productions represented various African perspectives, from intimate personal narratives to broader social commentaries.

Let’s explore the complete list of winners who made their mark at this prestigious celebration of African cinema.

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MOVIES

Queen Lateefah Earns N333.7 Million, Ascends To Nollywood’s Top Box Office Rankings

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'Queen Lateefah' earns ₦333.7 million | fab.ng

First and foremost, Wumi Toriola’s film ‘Queen Lateefah‘ has achieved remarkable success, surpassing ₦300 million at the box office and securing its position among Nollywood’s top-performing films.

Subsequently, the film joins other blockbuster successes such as ‘Ajosepo’ (₦257.2 million) and ‘Ajakaju’ (₦252.8 million). Moreover, ‘Queen Lateefah’ now stands as the seventh highest-grossing Nollywood movie to date.

Additionally, it holds the distinction of achieving the highest earnings for a non-December release, a period typically known for peak box office performance.

Throughout its theatrical run, the film has consistently broken records. Initially, it garnered ₦57 million in its opening weekend.

Furthermore, within just three weeks of its premiere, the film exceeded the ₦200 million milestone. By mid-October, consequently, the box office receipts had accumulated to ₦216 million.

Queen Lateefah' grosses enters Nollywood's top box office rankings | Pulse  Nigeria

Under the distribution of Cinemax and the direction of Adeoluwa Owu, the film presents a compelling narrative. Specifically, it follows Lateefah Adeleke, a 30-year-old businesswoman who portrays herself as a world traveller with high social status.

However, her encounter with Jide Rhodes, a 35-year-old businessman, eventually exposes her carefully constructed facade.

In contrast to her claims, Lateefah emerges from a background of extreme poverty as the only child of an illiterate mother.

Finally, the film features a stellar ensemble cast including Kunle Remi, Femi Adebayo, Nancy Isime, Bimbo Manuel, Elvina Ibru, Enioluwa, and Gbugbemi Ejeye.

As a result of these combined elements – compelling storyline, strong performances, and strategic release timing – ‘Queen Lateefah’ continues to demonstrate the growing commercial potential of Nollywood productions.

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FOREIGN

Bruno Mars Breaks All-Time Spotify Monthly Listener Record For The Second Time

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Bruno Mars Breaks Spotify Monthly Listener Record | fab.ng

Bruno Mars now commands 130 million monthly Spotify listeners, shattering the platform’s previous record.

The Grammy winner achieved this milestone following the release of his recent collaborations: ‘Die With A Smile‘ featuring Lady Gaga and his appearance on Rose’s track ‘APT’.

These new singles mark Mars’ first musical releases since his collaboration with Anderson Paak on their Grammy Album of the Year-winning project ‘An Evening With The Silk Sonic’ in 2021.

The stellar performance of these tracks has propelled him past The Weeknd’s previous record of 120 million monthly listeners.

The Weeknd had previously made history as the first artist to attract 100 million monthly listeners on Spotify. The Canadian superstar then broke his own record by reaching an impressive 120 million listeners.

As of November 13, 2024, Bruno Mars leads the Top 20 highest Spotify monthly listeners, demonstrating his enduring appeal and growing global fanbase.

His achievement reflects both the success of his recent releases and his consistent ability to connect with audiences worldwide.

The record-breaking numbers showcase the expanding reach of streaming platforms and Mars’ commanding presence in the digital music landscape.

Top 20 highest Spotify monthly listeners as of November 13, 2024.

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