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Tag Archives: private investors

Federal Government abandons plan to demolish 1,400 buildings in Abeokuta

Federal Government abandons plan to demolish 1,400 buildings

The Federal Government may have dumped the plan to demolish about 1,400 buildings in Abeokuta for the $1.5bn Lagos-Ibadan rail project, due to what it described as huge compensation cost. Speaking to newsmen on Monday in Ibadan after meeting with officials of the China Civil Engineering Construction Company (CCECC), the Hon. Minister of Transportation, Rotimi Amaechi said the compensation cost ...

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Rivers State Govt. persists on handing over housing development to investors

River State persists on handing over housing development to investor

The Rivers State Govt. on Friday restated its desire to hand over the development of housing estates in some parts of the new city currently undergoing construction to private investors. Chief Ferdinand Alabraba, the Chairman, Greater Port Harcourt City Development Authority (GPHCDA) reassured on government’s intention at the signing and hand-over ceremony of Olive Crest Estate site to Afriprops. He said ...

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Reps to probe BPE over sale of power assets

Goodluck Jonathan Estate surveyors conference

The House of Representatives, Tuesday, resolved to probe the administration of former President, Dr. Goodluck Jonathan, on the sale of power assets. The House, in a resolution on the motion entitled Alleged Non-transparent and Fraudulent Sale of Power Assets by the Bureau of Public Enterprises, BPE, by Jonathan’s administration, bemoaned what it called lack of openness in the processes leading ...

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