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Monthly Archives: August 2018

Babatunde Fashola flags-off N22.7b Jada town road construction

Jada town

Jada town – The minister of Power, Works and Housing, Babatunde Raji Fashola yesterday, flagged-off the 112km dilapidated Jada town road, which leads to former Vice President Atiku Abubakar’s hometown, at the cost of N22.7bn. While speaking at the occasion, the minister said the contract is in line with the present administration’s commitment to addressing infrastructural deficit in the country. ...

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Insurance brokers seek FG’s support on housing projects

Housing projects

The Nigerian Council of Registered Insurance Brokers has urged the Federal Government to incorporate appropriate insurance policies into its housing projects. The President of the council, Mr. Shola Tinubu, who recalled that the Federal Government recently announced that N197bn was spent on the construction of 26,002 houses and the renovation of 13,953 homes across the country, stressed the need to ...

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FRSC urges motorists to use traffic diversion on Lagos-Ibadan Expressway

traffic diversion

The Federal Road Safety Corps (FRSC) in Ogun on Thursday announced a temporary traffic diversion on the Lagos-Ibadan Expressway from Sunday, August 26. Clement Oladele, the FRSC Sector Commander in Ogun, said that the diversion was sequel to the ongoing construction of pedestrian bridge around Ibafo Bus Stop. Oladele said: “The diversion will enable the construction company building the pedestrian ...

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Built environment suffers N2bn loss after recession

built environment

Fresh facts have emerged that the built environment is still battling to contend with over N2billion losses recorded during two years of Nigeria’s economic recession. Findings indicated that the losses emerged from underpriced and vacant properties mostly within Abuja, Lagos and Port Harcourt. It was also revealed that the real estate sector is yet to recover from the loss compared ...

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Third mainland bridge closure: 5 things to note

Third mainland bridge

The Third Mainland Bridge, longest bridges in Nigeria and one of the top three in Africa that connects Lagos Island to the mainland areas will be temporarily closed from 12 midnight today till Sunday, August 26th, 2018. This is to enable test assessments on the level of the bridge, which is one of the most strategic and economic linking Lagos ...

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FG to establish $8.5m truck transit park in Enugu state

truck transit park

The Federal Government, through the Nigerian Shippers Council (NSC), has disclosed plans to establish Truck Transit Park (TTP) in Ogbulafor Enugu State, at an estimated cost of $8.5million. The Executive Secretary, NSC, Hassan Bello, while receiving the Outline Business Case (OBC) at the Infrastructure Concessioning Regulatory Commission (ICRC), in Abuja, disclosed that the Public-Private Partnership (PPP) project would create over ...

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IBEDC has invested 15.5bn on infrastructure so far


Ibadan Electricity Distribution Company (IBEDC) said it has invested over N15.5 billion in major capital projects for the upgrading of infrastructural facilities in the last six months. The company’s Managing Director, John Donnachie, who said this at the weekend, added that the investment covered supply of 10,000 Distribution Transformer (DT) meters at N4bn. The meters, according to him, would greatly ...

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FG set to reconstruct infrastructure destroyed by herdsmen in Benue


The Federal Government has kept to its promise to rebuild institutions in Benue State destroyed by suspected herdsmen as the Presidential Committee on Victim Support Fund has earmarked N700 million for that purpose. This was disclosed by the Executive Director of the Fund, Professor Sunday Ochoche, on Monday in Gbajimba, the headquarters of Guma Local Government Area of the state ...

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Osun Monarch urges Fashola to reconstruct Ibadan-Iwo-Oshogbo road


The Oluwo of Iwo, Oba Abdulrasheed Akanbi, has appealed to the Minister for Works, Power and Housing, Mr. Babatunde Fashola, to reconstruct the road that links Ibadan, Iwo and Osogbo. Oba Akanbi made the appeal in his palace yesterday while commemorating the Sallah festivity. He decried the pains the road users pass through on a daily basis, along the road, ...

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Property Developer Allegedly Defrauds 124 accommodation seekers

property developer

A property developer, Ibrahim Ayinde, who allegedly defrauded 124 accommodation seekers of N25 million, has been charged to Ebute Meta Magistrates’ Court. Ayinde, aged 39, is facing a 125-count charge bordering on conspiracy and stealing over N25 million from 124 unsuspecting property seekers, under the pretext of securing for each of the victims a 4-bedroom apartment. The Prosecutor, ASP Clara ...

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