.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 […]
In order to match infrastructure with the growing population of Abuja the FCT Minister, Malam Muhammad Bello, has called for increased funding for projects in the Federal Capital Territory. According to a statement signed by the Chief Press Secretary to the minister, Anthony Ogunleye, the minister made the call while presenting the 2020 budget to […]
The National Agency for Science and Engineering Infrastructure (NASENI) has partnered with the Nigerian Civil Aviation Authority (NCAA) to provide relevant guides in its plan to produce Made-in-Nigeria helicopters. Besides, the agency charged with the responsibility of fast-tracking home-initiated industrialization, has placed an order for a Dynali H3 easy flyer sport ultralight helicopter for the […]
Vice President Yemi Osinbajo has disclosed that Nigeria requires about $1 trillion investment to modernise its energy infrastructure. Osinbajo stated this on Friday while declaring open the National Energy and Climate Change summit at the Old Banquet Hall, Presidential Villa, in Abuja. He added that government was doing a lot to attract domestic and foreign-direct […]
The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of EUR 100 million to finance various infrastructure projects in African countries. The €100 million made available to Afreximbank under the joint facility would be used for financing eligible investments, which mainly include projects within infrastructure, such as […]
China Development Bank (CDB) has signed an agreement to provide a $500-million facility to the African Export-Import Bank (Afreximbank) to enable the African trade finance bank support trade enabling infrastructure projects across the continent. The facility will also be used to support Afreximbank’s trade finance intermediaries to provide medium to long term financing for sub-projects […]
President Muhammadu Buhari has disclosed that Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country valued at over $5 billion in the last three years of the current administration. Buhari made the disclosure on Tuesday in Beijing at the FOCAC Round […]
The Campaign for Democracy (CD) has called on Gov. Willie Obiano of Anambra to improve the state of public infrastructure in Onitsha, the state’s commercial hub. The National Publicity Secretary of CD, Mr Dede Uzor, via a statement made available to newsmen in Onitsha on Sunday, said most of the contractors executing road projects were […]
The Director General of Voice of Nigeria (VON) and chieftain of All Progressives Congress (APC), Mr. Osita Okechukwu has urged both pro and anti-Saraki senators to spare the infrastructure revolution of President Muhammadu Buhari. Okechukwu who is an ardent supporter of President Buhari, made the appeal on Sunday while speaking on the raging storm over […]
…Vows to raise entrepreneurs for nation building Leading businessman and Chairman of Aliko Dangote Foundation, Alhaji Aliko Dangote, has challenged the government to muster the will to provide critical infrastructure that will make the nation’s environment conducive to commerce and industry. Dangote made this appeal while delivering the third Eminent Persons Business lecture and inauguration […]
…Nigeria’s ongoing AfCFTA consultations in right direction –Panelist Nigeria’s Minister of Finance, Mrs Kemi Adeosun, has called on the African Export-Import Bank (Afreximbank) to invest more in the area of infrastructure development with a view to promoting trade and investment on the continent. Adeosun made the call on Wednesday in Abuja, at the opening of […]
The World Bank on Tuesday urged African governments to embrace the use of Public Private Partnerships (PPPs), in order to bridge their infrastructure deficit gaps. The programme leader for Equitable Growth, Finance and Institutions at the World Bank Group, Johan Mistiaen, told journalists in Nairobi that the financing gaps in infrastructure in the continent are […]
The Presbyterian Church of Nigeria (PCN) has applauded the infrastructure development efforts of Governor Okezie Ikpeazu and described him as “a true Nehemiah of our time”. This was during the 2018 Fathers’ Day Celebration of the Men’s Christian Association (MCA), of the Ogbor Hill Parish of the Church by the Minister in Charge, Rev. Akim […]
President of the Senate, Dr. Abubakar Bukola Saraki, on Tuesday inspected the new headquarters building of the Economic and Financial Crimes Commission (EFCC), and said he will continue to support efforts to build and strengthen the nation’s institutions irrespective of any differences. Saraki, who spoke to journalists after a tour of the edifice, according to […]
In a bid to keep its road network at par with what obtains in other parts of the globe, Ebonyi State government weekend said it had spent over N690million on road infrastructure maintenance across the state, in the last two years. This is even as it has said that it would be disappointing and laughable […]
Gov. Ifeanyi Ugwuanyi of Enugu State on Monday pledged that his administration would fix dilapidated infrastructure at National Youth Service Corps (NYSC) orientation camp in the state. Ugwuanyi also directed the State Rural Electrification Board to immediately restore light to the camp which had not been with public power supply for several years. The governor […]
The Enugu State Commissioner for Works and Infrastructure Development, Engineer Greg Nnaji, has said that the state is ranked among the few states in the country that promptly pay contractors handling different development projects in their respective domains. The commissioner lauded Governor Ifeanyi Ugwuanyi of Enugu state for this positive state of affairs which he […]
It was celebration galore in Ogudu, a Lagos community, comprising Adebola street, Asejere, Alhaja Eleshin and other adjoining streets following Governor Akinwumi Ambode’s timely response to the Save Our Soul (S.O.S) message sent to him by the community on the incessant flooding in the area that had been wrecking havoc on residents for some time […]
The Socio-Economic Rights and Accountability Project (SERAP) has demanded an inquiry into the high budgetary allocation to the water sector, following what the group describes as poor water infrastructure in the country. SERAP in a statement signed by its Deputy Director, Mr. Timothy Adewale, on Sunday asked the Minister of Water Resources and Rural Development, […]
That the Governor of Ebonyi State, Engr. David Umahi has made lasting strides in infrastructure and agricultural development in Ebonyi State is not in doubt. What people are saying now is that within his first term in the saddle as the governor of the state, Engr. Umahi has written his name in gold in the […]