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DMO to issue N250bn Sukuk bond to finance road projects

Ihesiulo Grace 3 November 2021 0

The Debt Management Office (DMO) says it will issue about N250 billion Sukuk to finance road projects. The DMO said this in a statement released on Tuesday. The Sukuk is a strategic initiative that supports the development of infrastructure, promotes financial inclusion and deepens the domestic

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NNPC gets FEC’s nod to deploy N621.2bn tax liabilities to road projects

Ihesiulo Grace 28 October 2021 0

The Federal Executive Council (FEC) has given the Nigerian National Petroleum Corporation (NNPC) the approval to deploy some of its tax liabilities to 21 road projects across the six-geo-political zones. Babatunde Fashola, Minister of Works and Housing, briefed State House correspondents after a virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday

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N162.5bn proceeds of 3rd Sukuk to finance 44 critical road projects — DMO

Ihesiulo Grace 13 June 2020 0

The Debt Management Office (DMO) says the N162.55 billion it allotted to investors in the third sovereign Sukuk will be used to finance 44 critical road projects across the six geopolitical zones of Nigeria. It said this in a statement on Friday in Abuja while announcing the result of the Sukuk for which it offered […]

Education

FG completed 18 out of 43 Tertiary Institutions’ internal roads in Nigeria, says Minister

Ihesiulo Grace 20 March 2020 0

 The Minister of Works and Housing, Mr Babatunde Raji Fashola on Friday said the Federal Government had completed 18 out of 43 internal road projects being constructed in different tertiary institutions across the country. The Minister disclosed this at Federal College of Education, Katsina, while handing over a 1.22km road constructed by the Federal Government. […]

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FG assures timely completion of 330 km road projects in C/River

Ihesiulo Grace 9 February 2020 0

The federal government has reiterated its commitment to hasten the completion of 330 kilometres of road projects in Cross River state to enhance transportation services and boost economic activities. Federal Controller of Works in Cross River state, Bassey Nseptip, gave the assurance on Sunday during an inspection visit of the Akpet section of the road project […]

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We will take advantage of dry season to complete projects – Gov Okowa

Ihesiulo Grace 13 November 2018 0

Delta State Governor, Senator Dr Ifeanyi Okowa has said that with the setting in of the dry season, contractors handling different road projects in the state have fully mobilised to sites. Governor Okowa made the disclosure on Monday) during the inspection of some road projects in Boji-Boji Agbor, Ika South local government area of Delta […]

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FCTA moves to complete road projects to enhance infrastructure

Ihesiulo Grace 23 August 2017 0

The FCT Minister, Malam Muhammad Musa Bello, has declared that it is the priority of his Administration to ensure the completion of all road projects within its domain as such to address progress of numerous infrastructure on ongoing in the FCT. Such projects, according to the Minister, includes the B6 and B12 Roads otherwise known […]