Tag Archives: infrastructure development

Edo State Governor, Mr. Godwin Obaseki, on Tuesday, inspected ongoing road projects in Amagba Community, Oredo Local Government Area of the state, with an assurance to provide more infrastructural projects in the area. Obaseki, who was represented by his Chief of Staff, Mr. Taiwo Akerele, expressed satisfaction with the progress of work, noting that the state government was fulfilling its ...

The Federal Government has promised to complete the N 26.131billion ongoing road projects in Osun. Mr. Babatunde Fashola, Minister of Power, Works and Housing said this during the inspection of the projects across the state on Thursday. The minister was represented by Mr. Hezekiah Kehinde, the Osun Controller of Works. Fashola said that President Muhammadu Buhari-led administration inherited seven abandoned ...

The Nigerian Society of Engineers (NSE) has insisted that all hands must be on deck if federal government is to tackle the rising housing challenges confronting Nigerians. Unofficial data put the country’s housing deficit at over 18 million housing units. President of NSE, Engr. Adekunle Mokuolu also called on relevant authorities to engage experts and ensure proper planning of cities. ...

President Muhammadu Buhari yesterday in Abuja lamented that despite the huge resources at the disposal of Nigeria between 1999 and 2014, infrastructure became rotten within the same period. Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, in a statement, said Buhari made the remarks while receiving the outgoing British High Commissioner to Nigeria, Paul Arkwright, in ...

The African Development Bank (AfDB), along with some partners across the globe, has announced the securing of $1bn to enable investment in infrastructure development across the African continent, including Nigeria. The announcement, which was made in Ottawa, Canada, according to a statement made available to our correspondent by the AfDB, listed the partners in the multi-level securitisation to include the ...

The federal Ministry of Transportation has signed a Memorandum of Understanding (MoU) with Japan for cooperation in promoting quality infrastructure investment and continuing cooperative relationship between Nigeria and Japan. Nigeria’s minister of transportation, Chibuike Rotimi Amaechi, signed the MoU on behalf of the federal government with Japan’s state minister of land, infrastructure, transport and tourism, Tsukasa Akimoto at the ministry’s ...

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called on the African Export-Import Bank (Afreximbank) to invest more in the area of infrastructure development with a view to promoting trade and investment on the continent. Adeosun made the call on Wednesday in Abuja, at the opening of the Afreximbank Annual General Meeting and 25th Anniversary of the organisation tagged: “Celebrating ...

Prof. Umar Danbatta, the Executive Vice- Chairman, Nigeria Communications Commission (NCC), on Thursday said Nigeria’s economic development could only be facilitated and accelerated by the availability of infrastructure. The executive vice-chairman made this assertion during the Business Journal’s 10th Anniversary Lecture and Award held at Sheraton, Ikeja. The theme of the event was: “Infrastructure and Economic Growth: Exploring the Strategic ...

IGR – Governor Abdulfatah Ahmed of Kwara State says the internal revenue reform carried out by his administration has enhanced the capacity of the State government to meet its recurrent obligations and implement capital projects. Speaking during an interactive session with newsmen in Ilorin, Governor Ahmed said the reform which led to establishment of the Kwara State Internal Revenue Service ...

Earlier this month, President Muhammadu Buhari approved the establishment of a Presidential Infrastructure Development Fund (PIDF) with seed funding of $650m from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account as approved by the National Economic Council (NEC). The fund will be managed by the Nigeria Sovereign Investment Authority (NSIA) and invested specifically in critical road and power projects across ...