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Tag Archives: Infrastructure

FCTA proposes N4.003 billion for UN building

Federal Government proposes N4.003 billion for UN building

Total sum of N4.003 billion has been proposed for the rehabilitation and provision of additional security measures for the United Nations (UN) building located in Nigeria’s capital city, Abuja, in 2018. The proposed amount for the UN building was part of total sum of N40.297 billion proposed in the 2018 budget proposal presented to the House Committee on FCT, chaired ...

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Udoma insists FG can’t build critical infrastructure alone

Udoma insists FG cant build critical infrastructure alone

The Minister of Budget and National Planning, Senator Udo Udoma, has told the leadership of the National Assembly that since government alone cannot shoulder the provision of critical infrastructure and provide investment capital needed to drive the process, it has decided to not just partner with the private sector for investment funds, but also make the environment attractive to investors. ...

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Ayodele Fayose provides basic infrastructure for schools in Ekiti

Ayodele Fayose

The Governor of Ekiti State, Ayodele Fayose, has called for the provision of basic infrastructure in schools. A development that is obligatory for every responsible government. To this end, the state government has distributed desks and chairs for use by students across Primary and Secondary schools in the state. The first phase of the distribution took place at All Souls ...

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Real estate developers appeals to FG to provide infrastructure

Real estate developers appeals to FG to provide infrastructure

Real Estate Developers are appealing to government to develop the infrastructure needs to enable them easily provide affordable housing. According to them, it is the duty of government to provide the roads, drainage system and other infrastructure needs, since such activities are capital intensive and add to the cost of building. Ghana’s housing sector has been faced with a worsening ...

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Industry experts bemoan Nigeria’s low investment in infrastructure

Industry experts bemoan Nigeria’s low investment in infrastructure

Low tax revenues, huge obligatory spending and higher local currency debt amounting to 350 per cent have been adduced among reasons Nigeria has low investment in infrastructure development. Decrying the situation, renowned Chartered Accountant and current Chairman of the Lagos State Economic Advisory Committee Mr. Bode Agusto, pointed out that years ended 2016, Nigeria only invested 2.1 per cent of ...

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Kogi State plans to invest $150 million into infrastructure

Kogi State plans to invest $150 million into infrastructure

The Kogi State government has said it is hoping to attract about $350 million which it would put into developing its agriculture and infrastructure within this year. It said that it would invest $200 million in its agriculture, while $150 million would go to the upgrade of the state’s social infrastructure. The state’s Commissioner for Finance, Mr. Asiwaju Idris, made ...

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Infrastructure in Nigeria will take a new turn in few years- Osinbajo

Infrastructure in Nigeria will take a new turn in few years- Osinbajo

The federal government has said that its newly launched Economic Recovery Growth Plan (ERGP), focus lab would help the country attract $24 billion worth of investments in few years, saying 80 per cent of the amount is expected to come from the private sector of the economy. Vice President, Professor Yemi Osinbajo disclosed this on Thursday in Agbara, Ogun State ...

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NSE appeals for partnership with Lagos on infrastructure development

NSE appeals for partnership with Lagos on infrastructure development

Mr Akin Akintola, Chairman, Ikeja Branch of the Nigerian Society of Engineers (NSE), has solicited partnership with the Lagos State Government to enhance infrastructure development in the state. Akintola made the appeal in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos. He said that the professional body was willing and ready to collaborate with the ...

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Federal Government insists on investing N1.3 trillion in infrastructure

Federal Government insists on investing N1.3 trillion in infrastructure

The Federal Government says it is committed to investing about N1.3 trillion annually on capital projects to bridge the infrastructure gap needed to attract investments into the country. The Minister of Finance, Kemi Adeosun, who disclosed this in Abuja on Tuesday, said government’s commitment to solving the infrastructure development challenges in the economy was firm. The minister was speaking in ...

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Kwara State governor assures residents of completion of all on-going infrastructural projects

governor

The Kwara State Governor, Dr. Abdulfatah Ahmed has reassured Kwarans that all on-going capital projects embarked upon by his administration would be completed on schedule, ROYAL NEWS reports. Governor Ahmed gave the assurance on Wednesday in Ilorin while speaking with newsmen shortly after inspecting on-going projects within the metropolis. According to the governor, “this administration has made funds available for ...

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