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Niger Delta $10b infrastructure fund is nowhere to be found – Stakeholders

infrastructure fund

Close to two years after the Federal Government launched the $10b Infrastructure Fund to stimulate development in the Niger Delta, there is no trace of the fund anywhere. In October 2016, the Federal Government launched the $10b Infrastructure Fund to end insurgency and introduce sustainable development in the region. Minister of State for Petroleum, Ibe Kachikwu alongside President Muhammadu Buhari, ...

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EFCC urges court to sustain interim forfeiture of Diezani’s properties

interim forfeiture

The Economic and Financial Crimes Commission, EFCC, has urged the Federal High Court In Abuja not to vacate the interim forfeiture order it placed on 19 properties linked to the immediate-past Minister of Petroleum Resources, Mrs. Diezani Alison-Maduke. The anti-graft agency said it traced the properties the ex-Minister bought in Nigeria, the United Kingdom and the United States of America ...

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5 Nigerian Kings who are big players in the Lagos real estate scenery

5 Nigerian Kings who are big players in Lagos real estate scenery

In Nigeria’s real estate sector today, particularly Lagos, there are a number of top Nigerian kings and monarchs who have overtime, become quite influential when discussions regarding the sector are being made.  These are first-class Obas in their own right who have relative measures of strong-hold on their respective empires (communities) and bring about peace & orderliness among their people. To a large ...

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Benue loses property worth billions of naira to herdsmen attacks

herdsmen attacks

Benue State governor, Samuel Ortom, has stated that the state has lost over N400 billion worth of property to renewed militia herdsmen attacks on Benue communities. He stated this during an interactive session with newsmen where he spoke on his achievements and challenges of his administration in the past three years. The governor noted that the estimate was arrived at ...

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Fashola temporarily fixes collapsed bridge in 24hours

collapsed bridge

The temporary solution on the collapsed bridge occurred less than 24 hours after the works minister, Babatunde Fashola, pledged to ensure a palliative is put in place for motorists plying the route. Vehicular traffic on the Mokwa-Jebba road has eased following the temporary fixing of the Mowo bridge after it collapsed on Saturday night. The Federal Road Safety Corp had ...

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FG pledges to revamp road infrastructure within Ota industrial hub

road infrastructure

Nigeria’s minister of works, power and housing, Babatunde Fashola, has assured investors, residents and visitors of one of the largest industrial hubs in the country, including Sango, Ota, Igbesa, Agbara, of Federal Government’s plans to revamp aging road infrastructure within the axis. The Federal Government’s assurance on infrastructure upgrade within all existing industrial hubs in the country was made at ...

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Oshibajo urges African countries to collaborate efforts to develop infrastructure

African countries

Vice President, Prof. Yemi Osinbajo has urged African countries to collaborate in efforts to develop infrastructure in the oil and gas sector for the growth of the region. Osinbajo made the call at the opening ceremony of the Extraordinary Session of the Council of Ministers of African Petroleum Producers’ Organisation(APPO) Abuja, on Monday. He bemoaned the paucity of funds required ...

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Fashola pledges to renovate collapsed bridge in 72 hours

collapsed bridge

The Minister of Works, Power and Housing, Raji Fashola, says the collapsed bridge on Mokwa-Jebba road will be back in use within 72 hours. Fashola told newsmen in Zaria, Kaduna State, shortly after he paid homage to the Emir of Zazzau, Dr. Shehu Idris in his palace on Sunday. The Minister had, before visiting the emir, inaugurated a new 60MVA/132/KV ...

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Buhari signs 5,600km gas pipeline agreement with Morocco

gas pipeline

Nigeria has signed an agreement with Morocco for the construction of a 5,660km gas pipeline. The agreement was signed on Sunday by President Muhammadu Buhari, who is currently on a working visit to the North African country, and Mohammed VI, king of Morocco. Earlier in December 2016, both countries agreed on the pipeline and carried out feasibility studies. “For economic, political, ...

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190 persons sustain injuries, 62 die in Ogun road crash

Ogun road crash

ROAD CRASH – The Ogun Traffic Compliance and Enforcement Corps (TRACE) said on Sunday that 62 persons died while several others were injured in various auto crashes across the state between January and March. The TRACE Public Relations Officer, Mr. Babatunde Akinbiyi, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Abeokuta. Akinbiyi, who stated ...

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