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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 competitions which are parts of […]
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 […]
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 the Institute […]
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 […]
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 […]
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 for economic growth,” said his administration has […]
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 […]
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 […]
The number of out- of -school -children in Nigeria has witnessed a slight decrease from 10.5 million to 10.1 million, the 2018 new audit report of the National Personnel Audit (NPA) has revealed. Speaking during the national presentation and launch of the 2018 NPA report of basic education institutions in Abuja, Chairman, Technical Committee of […]
…Says FG must protect Nigeria’s aviation industry to mature …Aero Contractors MRO gets boost as domestic airlines patronise facility Despite the long existence of Nigeria’s aviation industry, lack of implementation of policies, high taxation, infrastructure deficiencies, lack of human capital development, among many other challenges, have been identified as factors affecting the growth of the […]
Minister of Communications and Digital Economy, Dr. Isa Pantami has called on Nigerians, particularly states, to protect communication infrastructure in the country with a view to preventing them from being vandalised by criminal elements. The minister made the call in a statement signed by his spokesperson, Mrs. Uwa Suleiman, on Friday in Abuja. He also […]
Minister of Works and Housing, Babatunde Fashola at the weekend described infrastructure, especially roads as the basis for the development of the economy of any community or country. Fasola stated this in Ilara-Mokin, Ifedore Local Government area of Ondo state, while inaugurating a network of six-kilometre roads, constructed by the Chairman of Toyota Nigeria Limited, […]
Rivers State Governor, Nyesom Ezenwo Wike has declared that he developed critical road infrastructure across different parts of the state because he is committed to safety on Rivers roads.Speaking during the launch of the 2019 “Ember” months campaign by the Federal Road Safety Commission (FRSC) on Thursday, Governor Wike said that Rivers roads were designed […]
.Says FG can invest available N9bn pension funds on road sector To address the humongous infrastructure deficit in the country, the Minister of Works and Housing, Mr. Babatunde Fashola has appealed to the National Assembly to facilitate the approval of a N10 trillion National Infrastructure Bond to especially attend to the road infrastructural needs. Rallying […]