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Monthly Archives: June 2018

“Tax credit is a strategic option for financing infrastructure” – Igwilo

tax credit

TAX CREDIT – In 2014, the National Integrated Infrastructure Master Plan estimated that financing Nigeria’s infrastructure would gulp $2.9 trillion in the next 30 years. At N360 per dollar exchange rate, government, therefore, requires N36 trillion annually for 30 years to meet infrastructure development needs of the country. Traditional funding from budgetary allocations to different levels of government can no longer ...

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Nigerians are tired of cheap excuses – NIESV tells Buhari


As controversies continue to rage over the 2018 budget recently signed into law by President Muhammadu Buhari, the Nigerian Institutution of Estate Surveyors and Valuers (NIESV) has declared that Nigerians were tired of excuses. Mr. Rowland Abonta, the President of NIESV, spoke on Thursday in Enugu, where he accused the political leaders of justifying their failure to address critical issues ...

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72 lives lost, 575 others injured in Bauchi road crashes

road crashes

72 people died while 575 sustained various degrees of injuries in different road crashes across Bauchi State within a span of five months. The crashes according to the Statistics of the Road Traffic Crashes released by the Federal Road Safety Corps (FRSC), Bauchi State Sector Command occurred between January and May 2018.‎ According to the statistics there were 141 crashes ...

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Fashola reacts to Jalingo-Wukari collapsed bridge


The Minister of Power, Works and Housing, Mr. Babatunde Fashola has announced that the bridge linking Jalingo and Wukari at Maraban Gassol in Taraba State collapsed. Fashola, in a statement signed by Mr. Theodore Ogaziechi, the Director of Information in the ministry, said the incident occurred after the downpour on Wednesday evening. He said the contractor on the axis had ...

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40 years obsolete Land Use Act stirs controversy

land use act

There is heightened controversy bordering on Land Use Act. In this report, CHIKA OKEKE writes that the act which hits 40 years in March is jeopardising affordable housing delivery in the country. The challenges militating against the provision of affordable housing is enormous and efforts to address the shortcomings has produced insignificant results. From difficulties in acquiring land, titling and ...

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Delta approves N600m Loan to construct 10,000 housing units

Delta governor

The Delta House of Assembly on Tuesday approved the request by the executive to obtain a revolving N600 million loan from United Bank of Africa for a 10,000 housing unit project. The approval of the request followed a motion moved by the Majority Leader, Mr. Tim Owhefere, at plenary in Asaba which was seconded by Daniel Mayuku (PDP-Warri South-West) Leading ...

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Land ownership controversy causes chaos in Agbor community market

land ownership

Land Ownership – For years, the rivalry between a businessman, Chief Alex Ikpeazu and some powers that be in Ika South Local Government Area, Delta State, has been over the control of Lexiano Market. Though Ikpeazu is equipped with the Certificate of Occupancy, C of O, but his opposers have not hidden their determination to take over what they referred to ...

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Contractor kicks against the final forfeiture of Lekki’s properties


A contractor to the Niger Delta Development Commission (NDDC) Francis Momoh, who was accused of paying multiple kickbacks to former Executive Director of Projects of the commission, Tuoyo Omatsuli yesterday urged a Federal High Court in Lagos to lift the temporary order of forfeiture placed on two properties located in the Lekki area of the state. Momoh, who is claiming ...

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Anambra set to begin revalidation of land title documents on June 25

title documents

Anambra Government says it will soon carry out revalidation of title documents in some of the Government Layouts in the state. The Commissioner for Lands, Nnamdi Onukwuba, said on Monday that the revalidation was aimed at ascertaining the genuine plot owners and to determine the current status of every allottee. Onukwuba said It is also to ensure that genuine plot ...

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