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Developers and foreign investors resolve to boost Nigeria’s construction industry

Developers and foreign investors resolve to boost Nigeria’s construction industry

Lagos – If the latest rapprochement between Nigerian developers, Homework Development and Property Limited and some foreign investors is anything to go by, the nation’s construction industry will soon receive a significant boost. The lift int he nation’s construction industry, INDEPENDENT learnt, may either be in enhanced direct foreign investment or through third party. This came to the fore recently ...

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Fuel marketers lose patience on FG as repairs on Apapa road begins

fuel marketers

Fuel marketers and other private business owners under the aegis of Committee of Directors, Ibru Port Complex, at the weekend, flagged off the palliative repairs from Sunrise to Coconut section of the Apapa-Oshodi Expressway, after waiting endlessly for the intervention of the federal government and the Lagos State government. These stakeholders have also raised the alarm that the Apapa bridges ...

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CACOL blames poor state of infrastructure on bad governance

Poor state of infrastructure

A pressure group, Centre for Anti-Corruption and Open Leadership (CACOL), has blamed the poor state of governance at all levels in the country for the worsening living condition of Nigerians and deplorable state of infrastructures. Executive Chairman of CACOL, Debo Adeniran, stated this in a parley with newsmen in Lagos, accusing the government of adopting anti-people foreign policies which had ...

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NDPHC flags off construction of Lafia power transmission substation

NDPHC

The Niger Delta Power Holding Company (NDPHC) has flagged off construction of a 330 kilovolt (KV) transmission substation worth N5.49 billion in Lafia, the Nasarawa state capital. The Managing Director of NDPHC, Chiedu Ugbo at the site yesterday said the project which will be completed this year will add about 300 megawatts (MW) of electricity capacity to the state. He ...

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Road Construction- Uyo residents show gratitude to Gov. Udom Emmanuel

Uyo residents

Uyo residents, Akwa Ibom State capital have praised the efforts of Governor Udom Emmanuel in undertaking to build new roads within the metropolis to address flooding and ease the movement of people and goods. The people expressed their appreciation shortly after the commissioner for works in the state, Mr Ephraim Inyang-Eyen led his team of engineers and journalists to inspect ...

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CBN enlists 34 mortgage banks and 4 commercial banks to stimulate housing finance

mortgage banks

Following plans to introduce a public private partnership scheme that seeks to increase access to housing finance, the Central Bank of Nigeria (CBN) has selected 34 primary mortgage banks and 4 commercial banks to stimulate housing finance for low-income earners in the formal and informal sectors. The banks will join nine other micro finance banks in the ‘My Own Home’ scheme, ...

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High cost of Building materials is a major cause of housing deficit – NIOB

NIOB

Lagos –  Mr Kenneth Nduka, the President of Nigerian Institute of Building (NIOB), on Monday identified costly building materials as a factor constraining housing development in the country. Nduka made the observation while speaking with the News Agency of Nigeria (NAN) in Lagos. “There is the need for the Federal Government to encourage production of building materials by placing restrictions ...

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Kogi PDP frowns at Gov.Bello’s plan to sell state assets

state assets

The Peoples Democratic Party in Kogi State has rejected proposed plans by Governor Yahaya Bello-led administration to sell some of the state assets. The opposition party while admonishing the governor to immediately perish the thought, considered the plot to be selfish, devilish and myopic. A statement released on Monday by the party’s state publicity secretary, Mr Bode Ogunmola, he said ...

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