Business

We’ve licenced Infracos to deploy broadband infrastructure in rural areas – NCC

Ihesiulo Grace 13 December 2021 0

Ladesope Ladelokun The Nigerian Communications Commission (NCC) says it has proceeded to licence infrastructure companies for each of the seven zones, to deploy broadband infrastructure that will ensure speed of up to 25 megabits per second in the rural areas. The commission says each of the

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FG tasks SSG’s on synergy for quality governance, development

Ihesiulo Grace 3 December 2021 0

The Federal Government has called for synergy among secretaries to state governments to ensure quality governance and infrastructure development. The Secretary to the Government of the Federation, Mr Boss Mustapha, made the call at the maiden meeting of South West Secretaries to the State Governments Forum. The event held in Ikeja on Thursday. The News […]

Business Headlines

Why my govt is committed to infrastructure renaissance-Buhari

Ihesiulo Grace 12 November 2021 0

*Says Nigerians can look after themselves when infrastructure is in place *Calls for equitable distribution of COVID-19 vaccines President Muhammadu Buhari, on Thursday, explained why his administration is committed to an infrastructure renaissance for Nigeria. He made the explanation during a meeting with President of Islamic Development Bank (IDB), Dr Mohammed Al-Jasser,

Headlines Politics

Nigeria needs $1.5trn to bridge infrastructure gap in 10 yrs – Buhari

Ihesiulo Grace 3 November 2021 0

President Muhammadu Buhari says 1.5 trillion dollars is needed by Nigeria over a ten-year period, to achieve an appreciable level of the National Infrastructure Stock. He gave the figure on Tuesday in Glasgow at a COP 26 high-level side event on improving global infrastructure hosted by President Joe Biden of the United States, EU Commission […]

Business Headlines

CBN supports power, gas infrastructure with N424.14bn

Ihesiulo Grace 27 September 2021 0

*Nigeria’s infrastructure must improve by 5% annually to boost productivity-Emefiele Motolani Oseni As part of efforts to improve the power and gas infrastructure in the country, while reducing the nation’s estimated $100 billion annual infrastructure deficit, the Central Bank of Nigeria (CBN) has said it has given out not less than a total sum of […]

Headlines Politics

Lai Mohammed: FG borrowing to build world-class infrastructure

Ihesiulo Grace 24 September 2021 0

*Says critics of Buhari on borrowing insincere Tom Okpe, Abuja Minister of Information and Culture, Alhaji Lai Mohammed, has said that the Federal Government is taking loans in order to build world-class infrastructure that will benefit generations of Nigerians and reverse the massive infrastructure deficit in the country. Mohammed stated this in Maiduguri, Borno State,

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Nigeria’s infrastructure gap is now $3trn, says experts

Ihesiulo Grace 31 August 2021 0

By Doosuur Iwambe, Abuja The infrastructural gap currently existing in Nigeria has been pegged at $3 trillion, about six times the size of its annual Gross Domestic Product, GDP. This disclosure was made by some research experts during a virtual meeting on institutionalisation of R&D in the Infrastructure Development thematic group of the TETFund Research […]

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Why airports are being concessioned – Sirika

Ihesiulo Grace 20 August 2021 0

JOHN OKOH Poor revenue generation, decay of infrastructure, non-challant attitude of workers and the need to take aviation to the greatest height informed the Minister of Aviation, Senator Hadi Sirika’s decision to adopt the concession option for some airports in the country. Sirika at various occasions had never hidden his intention about airport concession tailored

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Covid-19: FG to build 38 oxygen production plants

Ihesiulo Grace 4 June 2021 0

Minister of Health, Dr Osagie Ehanire has disclosed that Nigeria will build 38 oxygen production plants, one in each state and the FCT to improve medical infrastructure in the fight against covid-19. The Minister disclosed this in a statehouse briefing on Thursday, a day after the Minister presented the memo to the FEC for the […]

Economy News

We are in debt of ₦336 bn — Fashola reveals

Ihesiulo Grace 24 August 2020 0

The Minister of Works and Housing, Mr Babatunde Fashola, says the Federal Government is still owing contractors ₦336 billion as of July 2020, Daily Times gathered. Fashola said this during an interview on Arise Television on Sunday. He said only ₦27 billion had been released by the Federal Ministry of Finance, while about ₦162 billion […]

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ICRC attracts $8bn investments through PPP arrangements

Ihesiulo Grace 3 July 2020 0

The Infrastructure Concession Regulatory Commission (ICRC), has attracted about eight billiion dollars investments into the country since its establishment. Mr Chidi Izuwah, ICRC Director-General, disclosed this when he received the Ambassador of the Republic of Indonesia to Nigeria, Mr Usra Harahap who paid him a courtesy visit on Thursday in Abuja. Izuwah said that in

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We’ll make Lagos 4th Mainland Bridge a reality — Sanwo-Olu’s aide

Ihesiulo Grace 26 May 2020 0

Mrs. Aramide Adeyoye, Special Adviser to Governor Babajide Sanwo-Olu on Works and Infrastructure, says the Sanwo-Olu administration will make the Lagos 4th Mainland Bridge a reality. The governor’s aide said this during an online covInspiration show organised to mark the first year in office of Gov. Sanwo-Olu. The social media show, moderated by UN Youth […]

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FG to facilitate investment for Argungu festival from Afreximbank

Ihesiulo Grace 13 March 2020 0

The Federal Government says it will facilitate investments from African Export-Import Bank (Afreximbank) for the development of infrastructure around the Argungu international fishing and cultural festival to attract tourists. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this in Argungu after the traditional wrestling, boxing, tug of war

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Gov. Obiano approves N100m for Ojukwu varsity infrastructure

Ihesiulo Grace 6 March 2020 0

The Governor of Anambra State, Chief Willie Obiano, has approved N100 million for infrastructure development in Chukwuemeka Odumegwu Ojukwu University (COOU), Igbariam, Anambra. Prof. Greg Nwakoby, the Vice-Chancellor, COOU, made this known to the News Agency of Nigeria (NAN) in Igbariam on Friday. Nwakoby said that the management of the university received N36 million for

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Use capital market to address infrastructure deficits, Anyaoku tells FG

Ihesiulo Grace 20 February 2020 0

Lagos – Mr Emeka Anyaoku, the former  Commonwealth Secretary-General, has enjoined the Federal Government to utilise Nigeria’s capital market to address infrastructure deficits. Anyaoku made the  call when the Principal Officers of the Chartered Institute of Stockbrokers (CIS) paid him a courtesy visit in Lagos. Anyaoku who commended the board and management of

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Benue requires peace, security, infrastructure – Buhari

Ihesiulo Grace 16 February 2020 0

President Muhammadu Buhari has assured the people of Benue state of his administration’s resolve to provide critical infrastructure and security to the state as part of his agenda of lifting over 100 million Nigerians out of poverty. The President who stated this over the weekend in Makurdi during the wedding ceremony of the son of […]

Business

Capital market stakeholders urge FG to seek private, domestic capital for infrastructure funding

Ihesiulo Grace 13 February 2020 0

Lagos = Stakeholders in the capital market on Thursday stressed the need to attract private and domestic capital for funding of critical infrastructure in the country. The stakeholders stated this at the Securities and Exchange Commission (SEC) 2020 budget seminar themed: Leveraging the 2020 budget and the Finance Act for the growth of the Nigerian […]

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We must focus on infrastructure, particularly roads, electricity, ICT – Obaseki

Ihesiulo Grace 30 January 2020 0

The Edo State Governor, Mr. Godwin Obaseki has said investment in infrastructure, including roads, electricity, Information Communication Technology (ICT) and gas is imperative for the country to attain economic diversification. Obaseki, who spoke at the South-South Enlightenment Engagement Forum themed “Maximizing non-oil export potentials in the South-South region

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Lagos signs N100bn bond to bridge infrastructure deficit

Ihesiulo Grace 30 January 2020 0

The Lagos state government on Wednesday signed the issuance of a N100 billion bond series III to improve infrastructure in the state. The signing ceremony took place at the Lagos House, Ikeja. The bond is the state third’s bond programme, having previously issued bonds under N107.5 billion and N167.5 billion programmes. The latest bond, which […]

Featured Headlines Interviews

Ukraine is willing to partner Nigeria on Infrastructure and Metallurgy- Envoy

Ihesiulo Grace 26 January 2020 0

Serhii Yushkevych is the Charge d’Affaires of Ukraine to Nigeria. He spoke to Managing Editor, Bonaventure Melah and General Manager, Business Development, Abdulmumin S. Balogun on the safety of Nigerian students and others living in Ukraine, bilateral economic relations as well as Ukraine and Russia. Tell us about yourself-your family, growing up, career so far […]