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Tag Archives: Buhari administration

Buhari to sign 2018 budget on Wednesday, housing gets lion share

2018 budget

President Muhammadu Buhari will sign the 2018 budget into law on Wednesday. A presidential source revealed that the budget would be signed at 11 A.M. Last week Femi Adesina, special adviser to the president on media and publicity, had told state house correspondents that the president would give assent to the budget this week. Two weeks ago, Udoma Udoma, minister ...

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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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Amaechi says contractors need N100 billion to execute East-West project

Amaechi

The Minister of Transportation, Rotimi Amaechi, has said N100billion would be needed by the contractors to complete the dualisation of the East-West road. Mr. Amaechi, together with the Minister of Niger Delta Affairs, Uguru Usani, said this during the inspection tour of the dualisation of the East-West road, which started from Warri to Eleme junction. According to him, political opponents ...

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Nigeria awards $6.6bn Lagos-Kano rail project to Chinese firm

rail project

The China Railway Construction Co. (CRCC) has announced that Nigeria has contracted it to work on a rail project that connects Lagos and Kano. The project, which is scheduled to be delivered within 48 months, will cost $6.681 billion. In a press bulletin Thursday, CRCC said the project will contain feeders from Osogbo to Ado-Ekiti. The project’s main line is ...

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Group accuses Obasanjo for converting National assets into personal use

Group accuses Obasanjo for converting National assets into personal use

A Civil Society group, Movement For Nigeria has alleged that former President Olusegun Obasanjo converted some national assets into personal use during his time as President. The group said the action of the ex-president amounted to stealing of assets belonging to Nigerians and called for his immediate prosecution by anti-graft agencies. Addressing journalists in Akure on Monday, Olaiya Ayomide, National ...

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