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Yearly Archives: 2016

FG to concession Lagos, Abuja stadia

FG to concession Lagos, Abuja stadia

The Minister of Youth and Sports, Solomon Dalung, has made it known that the management of the national stadia in Lagos and Abuja would soon be transferred to the private sector. The Minister disclosed this while speaking to journalists after the Federal Executive Council (FEC) meeting yesterday in Abuja. In a statement, Dalung said the maintenance of the facilities could ...

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Residents of Igando cry out over flood

Residents of Igando cry out over flood

The Guardian reports that residents of Igando New Model Phase Three in Oko Filling area of Alimosho Local Council of Lagos have sent a Save-Our-Soul (SOS) to the state government as flood wreaks havoc in the area. According to The Guardian, one of the residents, James Agboola, lamented that for the 15 years that he has been living in the ...

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FG sets up N25b mass transit loan scheme

FG sets up N25b mass transit loan scheme

The Minister of Industry, Trade and Investment Okechukwu Enelamah said that the Federal Government has set up a N25 billion revolving loan scheme for transport companies to access funds to buy mass transit vehicles. The Minister made this known in Abuja yesterday at the opening of a two-day national workshop for chief executives of mass transit companies. The Nation reports that, ...

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Erosion displaces 500 residents, destroys 100 houses in Anambra

Erosion displaces 500 residents, destroys 100 houses in Anambra

Reports show that erosion has displaced over 500 residents, and destroyed 100 houses in Enugwu-Ukwu community, Njikoka Local Government Area of Anambra State. The Guardian reports that, when officials of the Nigeria Erosion and Watershed Management Project (NEWMAP) visited the erosion site to ascertain the level of damage caused by erosion in the area, a community leader, Mr. Nwadinigwe Emmanuel, said ...

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An Overview of Housing Demand and Supply In Nigeria

Housing demand

The migration of people from rural areas to urban centres has been increasing at an alarming rate. This has resulted in an increase in housing demand in most of our urban centres in Nigeria. The failure of the government on housing demand and supply is the focus of this article. Housing demand can be explained as the willingness and ability ...

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Federal Government proposes N6.866tr budget for 2017

FG inaugurates committee on BoA restructuring, recapitalisation

The Federal Government has proposed a budget of N6,866,335,052,740 for 2017.  The Guardian reports that the Presidency formally informed the National Assembly of the proposal yesterday, and also made it known that it would set up a $25 billion Infrastructural Development Fund as a means of attracting non-budgetary resources to fund its development projects. This information was contained in the 2017 ...

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Hilton expands operations in Nigeria

FAAN, firm partner to end power outages at airports across the country

Hilton Worldwide recently announced its plans to open a 350 guestroom and suite hotel at the Lagos Murtala Muhammed International Airport. According to The Guardian, the firm, in a statement yesterday, said it signed a management agreement with quality Inspection and Testing Services Limited at the AHIF 2016 in Rwanda, and that it would open the new business in 2023 ...

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CBN disburses N366.39bn for 465 agric projects under the CACS

CBN disburses N366.39bn for 465 agric projects under the CACS

The Guardian reports that the Central Bank of Nigeria (CBN) has disbursed N366.39 billion to 465 projects under the Commercial Agriculture Credit Scheme (CACS) from 2009 to date. The Commercial Agriculture Credit Scheme was established to address financing challenges in the entire agriculture value chain: production, processing, storage and marketing or distribution. According to The Guardian, CBN Governor, Godwin Emefiele, made ...

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Flood overruns a community in Delta

Flood overruns a community in Delta

Vanguard reports that flood has submerged Gbekebor  community in Burutu Local Government Area of Delta State, rendering more than 200 residents homeless, and destroying property estimated at over N120 million. The people have, therefore, called on the appropriate government authorities to come to their rescue by   immediately piling and reclaiming the eroded land. They also want the government to  construct ...

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