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Monthly Archives: August 2018

Federal government laments dilapidation of infrastructure in schools


The Federal Government has expressed concern about the dilapidation of teaching and learning infrastructure, especially at the basic level of education. It, however, urged the   (NUC), National Board for Technical Education (NBTE) and the National Commission for Colleges of Education (NCCE) to develop a framework for Build, Operate and Transfer (BOT) to encourage private sector involvement in development of infrastructure across ...

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FG approves N348b for Akwanga-Jos-bauchi-Gombe road


Abuja – Acting President Yemi Osinbajo and his cabinet members rose from the weekly Federal Executive Council meeting on Wednesday, to approve N348.594 billion contract for the construction of 420.6 kilometers Akwanga-Jos-Bauchi-Gombe road. According to Babatunde Fashola, Minister for Power, Works and Housing, the project scope is for the expansion of the current two-lane highway into a dual carriageway. He ...

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Lagos promises prospective homeowners allocation in October


The Lagos State Government (LASG) has reassured prospective homeowners that they will celebrate the next Christmas in their new homes, saying allocation of the houses will start in October. The state Commissioner for Housing, Mr. Gbolahan Lawal, said this after an inspection tour of some of the housing projects in parts of the state on Wednesday. Lawal said that the ...

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Delta communities to revoke road contract to firm


Five Urhobo communities in Delta State have passed a vote of no confidence on Zenith Construction Limited, the contracting firm handling the major road project linking the entire areas. They have consequently urged Governor Ifeanyi Okowa to, as matter of urgent public interest, revoke the road contract awarded to the company before it rubbished its good intentions to their people. ...

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FEC approves N35.6B for bridges, road projects


The Federal Executive Council (FEC) presided over By President Muhammadu Buhari on Wednesday approved N35.6 billion for reconstruction of roads and bridge in the country. The Minister of Power, Works and Housing, Babatunde Fashola, disclosed this when he briefed State House correspondents at the end of the Council’s meeting held at the Presidential Villa, Abuja. The Minister said N8.9 billion ...

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Okowa urges mortgage institutions to encourage civil servants to build houses

civil servants

ASABA – Ifeanyi Okowa, Delta State Governor, has confirmed that mortgage institutions have a lot of roles to play in encouraging civil servants in particular to own their houses. The governor, who stated this yesterday at the unveiling of Governance Villa Housing Estate, Ibusa, Oshimili North Local Government Area of the state, maintained that there must be steady efforts towards ...

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Nigerian debt market can fund infrastructure – Okeowo

Nigerian debt market

Deputy Managing Director of FBNQuest Merchant Bank, Mr. Taiwo Okeowo declared that the Nigerian debt market can fund infrastructure in an interview with Goddy Egene on the potentials of the Nigerian capital market. Excerpts: The N100 billion Sukuk issuance was the first attempt by the federal government to raise funds through a non-interest instrument in the capital markets for infrastructure ...

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Lawyers, estate agents, surveryors risks 15years imprisonment


Lawyers, Estate agents and surveyors are at risk of 15years imprisonment The Oyo State Government on Tuesday declared that any estate agent, surveyor or lawyer caught while abetting land grabbers in the state will be liable to a minimum of fifteen years imprisonment or pay a fine of N500,000 (five hundred thousand naira) or both. Attorney General and Commissioner for ...

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NIOB seeks clarification from FG on Building code

building code

Lagos – Unclear with the current policy over domestication of the National Building Code, the Nigerian Institute of Building (NIOB) has called for clarification from the National Assembly. The body said further explanation from the legislators would aid the smooth implementation of the Building  Code both at the state and local government levels. Kenneth Nduka, president of the institute, made ...

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